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Archives: Melbourne Middle Markets (Offices)

In 2013 the CBRE Melbourne Middle Markets team was formed to cater for a market sector that was largely underserviced and required a specialised team approach. This has developed into a strategic alliance between agency operators in both the central city and suburban markets.

Our long and highly interactive affiliation with the Melbourne CBD, St Kilda Road, city fringe and suburban office market sectors, positions us strongly to offer experience, knowledge and innovative solutions to achieve premium prices for our clients.

With strong appetite from private investors, funds, institutions, syndicates and offshore buyers, together with historically low borrowing costs and high capital values, there has never been a better time to partner with CBRE to maximise the potential of your office assets.

18.10.2019

Demand for metropolitan Melbourne investments underpins landmark office sale

A private Melbourne family has paid around $55 million for a landmark Hawthorn office building fully leased to Swinburne University. The 2 Luton Lane building comprises 5,660sqm of office space and occupies a strategic site near the corner of Burwood and Glenferrie Roads. CBRE Melbourne Middle Markets agents Scott Orchard, Josh Rutman, Mark Wizel and Lewis Tong together with Gorman Commercial’s…

16.10.2019

Malvern office building reserve price smashed by 21 per cent

A two-storey office building in the affluent suburb of Malvern has sold at auction for $3,010,000, 21 per cent over the vendor’s reserve price. CBRE’s Melbourne Middle Markets team of Scott Orchard, Scott Hawthorne and Leon Ma managed the sale of the 1328-1330 Malvern Road property, with the sale price translating to a market yield of 4.21 per…

15.10.2019

Red Cross to Sell Landmark Carlton Site

Australian Red Cross has listed its Carlton asset for sale in a move tipped to attract significant developer and investor interest.

Located at 165 Bouverie Street and 155 Pelham Street, the landmark site encompasses a land area of 2,039sqm and provides a combined street frontage of more than 90m.

14.10.2019

Collingwood – A Vibrant Hospitality Hub Around The Clock

The History of Collingwood Established in 1838, Collingwood is one of the oldest suburbs in Melbourne, and has a rich cultural and architectural history. From the 1850’s onwards many industries were established in Collingwood. The suburb became the capital centre for footwear and textile manufacturing. By the 1860’s many of Collingwood’s grand public buildings were…

18.09.2019

One Of Inner Melbourne’s Most Prestigious & Tightly Held Commercial Suburbs

An Established Commercial Precinct Where It’s All Upside Hawthorn, Hawthorn East and neighbouring Camberwell are within The City of Boroondara, which forms the largest Melbourne commercial office market outside of the Melbourne CBD and St Kilda Road precincts. Hawthorn’s Rental Growth Future The tightening vacancy rate in the Melbourne CBD has fallen to the lowest…

28.08.2019

Malvern auction to tap into surging demand for city fringe office opportunities

Accounting firm Ibbotson & Moscatelli is moving to sell its long owned Melbourne headquarters after 12 years of occupation. Having outgrown the 1328-1330 Malvern Road building, Ibbotson & Moscatelli has appointed CBRE’s Melbourne Middle Markets team of Scott Orchard, Scott Hawthorne and Leon Ma to steer the sale campaign – providing a rare acquisition opportunity…

19.07.2019

East Melbourne Property Update

East Melbourne is Synonymous with Wealth and Privilege, the suburb long having the reputation of being Melbourne’s most elite and prestigious location.  East Melbourne is renowned as the most elite residential precinct in Melbourne and is as close as you can get to the CBD. In a premium location, East Melbourne offers its residents an…

25.06.2019

Melbourne Middle Markets Market Update – Tuesday 25th June

Positive investor sentiment in the marketplace has translated into sales, with a number of deals being finalised for strong prices, and savvy vendors are taking full advantage.

30.05.2019

Landmark Dulux headquarters listed for sale by Salta Properties

Salta Properties has listed Melbourne’s landmark Dulux House building for sale as certainty returns to the commercial property market following the recent Federal election result. The CBRE Middle Markets team of Scott Orchard, Josh Rutman and Lewis Tong have been appointed to steer the Public Tender process for the Clayton property on behalf of Salta,…

22.05.2019

Melbourne Office Owners Sitting Pretty, But How Long will the Party Last?

As Melbourne experiences some of the strongest conditions for office landlords experienced in over a decade, most owners aren’t popping the champagne just yet. Whilst most buildings in the CBD and City Fringe have seen strong tenant uptake and growth in rentals, other concerns are starting to surface which may impact on their returns. A…

26.04.2019

Rent growth drives St Kilda Road office

– Prime rents up 27% in 12mths and expected to rise further – St Kilda Road office rents have grown nearly 50 per cent over the past seven years and a staggering 27 per cent in the past 12 months (to Dec) reflecting both the historically tight CBD market and the recent withdrawal of St…

23.04.2019

IPG puts Century Walk/Novotel on the block

Sydney-based advisory firm iProsperity Group has put two major assets – the Century City Walk Entertainment Centre and the adjoining 200-room Novotel Melbourne hotel – on the market in Glen Waverley, one of Melbourne’s key growth areas. Located on a 10,308 square metre site on Springvale Road, the 8,403 square metre (GLA) Century Walk Entertainment…

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