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Archives: Melbourne City Sales And Development Sites

The CBRE Melbourne City Sales & Development Sites team has established itself as a market leader in the implementation of strategic sales & marketing campaigns for properties within Melbourne’s CBD and Fringe markets.

With a keen eye for detail and a culture of possibility, our team has built up a strong and loyal following from the industry. We continue to think outside the traditional square associated with the commercial property industry, which has attracted buyer and vendor interest from many corners of the globe over the past decade.

We have a strong track record and expertise across various asset types within Melbourne’s CBD and City Fringe market, transacting properties ranging in price from $1,000,000 – $150,000,000.

11.07.2019

Why now is the best time to buy a development site?

Amidst the backdrop of a stagnating residential and off-the-plan sales market coupled with political and lending uncertainty, transactions in the development site market have reduced significantly.  However, a closer look at the market fundamentals and key drives of the development process, create a highly compelling argument that it is an excellent time to be buying…

01.07.2019

Landmark office building to hit Melbourne city fringe market

Non-bank lenderRESCOM is divesting one of South Melbourne’s most high-profile corners at auction next month, following a decision to reposition its business locations.  The mixed-use building at 100 Park Street is a three-level, 595sqm corner site, offering 1420sqm of lettable office and retail space.  CBRE’s Julian White, Dylan Kilner and Chao Zhang have been appointed…

27.06.2019

Melbourne City Sales Market Update – Thursday 27th June

There’s been buyers that are very keen to buy product in the city, but they haven’t had the opportunity due to limited supply.

19.06.2019

Hengyi to deliver high end product to $17m Mt Eliza site

Melbourne-based developer, Hengyi, has paid Peninsula Health and Victoria’s Department of Health and Human Services $17 million for one of the largest individual landholdings on the Mornington Peninsula. Known as the Beachleigh Estate, the 33 Jacksons Road, Mount Eliza property, comprises an elevated 3.41 hectare site over two titles overlooking Canadian Bay. Zoned General Residential…

28.05.2019

Melbourne CBD Strata office market update

By Julian White, Director at CBRE CBRE Melbourne City Sales would like to provide you on an update on the Melbourne CBD strata office market in 2019, given your interest in this sector.  At present we are witnessing significant demand for strata office, resulting in a high sales volume. This is a result of the…

09.05.2019

Melbourne Development Site Market: What We’re Seeing in 2019

As seen in the Property Development Review by Development Ready The Melbourne development site market is going through a period of transition. The depth of international apartment buyers, fewer tax incentives for investors and uncertainty regarding access to finance, from the apartment buyers and develop-ers alike, have all resulted in a slowing down of acquisition…

01.05.2019

Uniting Church lists Little Collins building with approval for 26-storey hotel

The Uniting Church Synod of Victoria and Tasmania has put its 130 Little Collins Street office building on the market in Melbourne’s prized east end. The building boasts a net lettable area of 3,797 square metres, comprising eight levels of office, ground floor retail, and 15 car spaces. It is on a 651 square metre…

29.04.2019

25,830sqm* Vermont South site hits the market

A high profile 25,830 square metre* site, with 132 metres* frontage to the Burwood Highway at Vermont South, is on the market with developers likely to note its potential for residential development.   Formerly the Melbourne headquarters of the Australian Road Research Board (ARRB), the 490-500 Burwood Highway property’s built improvements include 13 1970s-era office buildings…

26.04.2019

Uniting Church lists 130 Little Collins

The Uniting Church Synod of Victoria and Tasmania has put its 130 Little Collins Street office building on the market in Melbourne’s prized east end as the CBD records its tightest office vacancy in a decade. The building boasts a net lettable area of 3,797 square metres, comprising eight levels of office, ground floor retail,…

27.03.2019

Major Richmond site served up for commercial developers and land bankers

The former Peter’s Ice Cream Factory at Richmond has been listed for sale in a move tipped to generate interest from major commercial developers and land bankers. CBRE’s City Sales and Development Sites teams have been appointment to market the 120-128 Murphy Street property, which is known as Richmond Place. CBRE’s Julian White, Lewis Tong,…

25.01.2019

Docklands space changes hand for $4.1m

Two-levels of strata office/retail space at Docklands’ Waterfront City have sold for $4.1 million.

Located at 116 Newquay Promenade, Docklands, the 937sqm property features floor to ceiling windows and was sold with vacant possession after an exhaustive Expressions of Interest campaign that saw the property receive over 25 inspections and enquiry from both local and international purchasers.

Featuring floor to ceiling windows, the 937.8 square metre property represented the largest strata transaction to occur in the Docklands precinct in 2018.

CBRE’s Ashley McIntyre and Leon Ma, together with Paul Sutherland and Paul Farrelly of Sutherland Farrelly, sold the property on behalf of the private vendor to a domestic investor.

22.01.2019

Local investor gets away with Great Bookie Robbery site

The ground floor and mezzanine of Melbourne’s 131 Queen Street has sold to a local investor for $7.25 million.

The site gained notoriety in 1976 as the scene of the Great Bookie Robbery, Australia’s most infamous armed robbery and an historic point of interest for a wide range of buyers, with three investors and four owner occupiers putting offers forward at the close of the first round of Expressions of Interest.

CBRE’s Ashley McIntyre, who negotiated the sale alongside Max Ruttner, Alex Brierely and Ben McMahon, said the property sold for $7,729 per square metre, a strong result for a strata floor of this size.

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