Archives: Melbourne Strip Retail Investments

The CBRE Melbourne Strip Retail team has quickly established itself as a market leader in the strip space since its inception in 2014.

Our specialised team of passionate individuals, our combinations of experience and knowledge along with our drive to exceed client expectations allows us to continuously achieve outstanding results.


Schwartz family sets new Melbourne benchmark with Liberty Tower retail sale

Melbourne’s Schwartz family realised $21,500,000 from the sale of a portfolio of ground floor shops beneath Melbourne’s landmark Liberty Tower apartment tower, representing the largest strata portfolio transaction in the city’s history.

The eight shops were offered together after 20 years of ownership as part of CBRE’s latest Premium Property Portfolio Auction (PPPA).

CBRE’s Josh Rutman, Nathan Mufale, Kevin Tong, Dylan Kilner and Max Ruttner marketed the properties, with the sale to a Sydney-based investor reflecting a new pricing benchmark for strata portfolio investments in Melbourne’s CBD.


Local family to sell Elsternwick retail investment after 50 years

A freestanding retail investment with significant mixed-use development potential in Elsternwick is to be offered to the market for the first time in over 50 years.


Chinese FIFO swoops on Hampton retail

A Chinese buyer has flown in from Beijing to capture a Hampton retail asset from the grasp of several other bidders, paying $3.6 million – $200,000 over reserve – on a tight 3.2 per cent yield.

In a further sign of the strength in the sub $5 million strip retail market, the 2 Small Street property, comprising a 368 square metre shop on a 438 square site, was sold at a healthy $8219 a square metre land rate.


Local Asian buyers splash $200m in 10 weeks

The strong Asian interest in Melbourne’s sub $100 million commercial property market remains despite restrictions on off-shore Chinese investors with CBRE selling 19 properties worth just over $200 million to Asia-linked investors since the first week of July.

The purchases, which included an unknown off-shore finance component, were part of an extraordinary ten week period which saw 41 properties sell for more than $570 million including 277 William Street which fetched $93.88 million, 105 York Street South Melbourne, $49 million, and Leader Newspapers’ former Blackburn HQ, $30.2 million.


Opportunities at every stage of the cycle: Gurner

While the residential market faced numerous headwinds, not the least from the Hayne Royal Commission’s impact on the availability of housing finance, there remained real opportunities in the market, according to Melbourne developer, Tim Gurner.

Speaking at the sixth annual CBRE & Wingate client luncheon at Crown, Mr Gurner told the 450 attendees that there was no doubt the Royal Commission had inadvertently hurt the industry but there were always pockets of the market that would outperform others.

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