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Archives: News

06.01.2020

State of the market 2019 and outlook for 2020

Mark Wizel, Director Investments CBRE The year 2019 was marked by the continued transition away from the record property investment sales witnessed in recent years to one reflecting a more cautious investment market, both from buyer and vendor perspectives, and of softening yields.   Factors such as low wages growth,  relatively low economic confidence, low…

13.12.2019

Greyhound Hotel site sells for $6.25m

The former site of the Greyhound Hotel in St Kilda has sold for $6.25 million. Located near the corner of Brighton Road and Carlisle Street, the 911sqm property was home to a pub for 163 years through to 2017. It was sold via a mortgagee auction to a local developer. The 1 Brighton Road site…

04.12.2019

Landmark Office Sale Signals New High for Commercial Investment Market

Following an international sales process, PACE Development Group has sold the currently under construction Collingwood office building in Melbourne’s city fringe. The sale was exclusively handled by the CBRE Melbourne Middle Markets team of Scott Orchard, Josh Rutman, Lewis Tong and Joseph Du Rieu, with the private purchaser being a new entrant to the Australian…

Shake, rattle & Coles at Mentone

– Tightest yield of 2019 for standalone store – A prized standalone Coles supermarket at Mentone has sold on the tightest yield of 2019 in Victoria in one of the year’s most anticipated retail auctions with numerous bids from an animated lunchtime crowd pushing the price well past the vendor’s reserve. The 81 Mentone Parade…

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