Archives: Victorian Retail Investments

The CBRE Victorian Retail Investments team is a dedicated group of individuals with a pure specialisation in supermarket and shopping centre activity. With a wealth of experience and knowledge around retail trends, shopping centre forecasts, rental rates, anticipated yield and offshore investment, our team has a wide variety of expertise to suit any needs related to shopping centres.

106 shopping centre have been transacted since 2010, ranging from $20,000,000 to $181,500,000 and totalling approximately $3.5bn in sales.

16.09.2019

Coles lists Boronia store with Kmart

Coles has listed for sale its 10,000 square metre GLA Boronia supermarket and adjoining Kmart store, as the investor demand for defensive non-discretionary retail assets grows. The Floriston Road property includes a new 12 year lease to Coles Supermarket and an established Kmart DDS lease (expires 2025) with 100 per cent of an estimated net…

Suburb Spotlight: Yarra Valley

The Shire of Yarra Ranges is located in the outer eastern and north eastern suburbs of Melbourne extending into the Yarra Valley and Dandenong Ranges, with a population of over 158,000 residents.* The area has a mixed demographic of young families and professionals who make the commute back to Melbourne several times a week. As…

10.09.2019

Suburb Profile – Abbotsford

Long regarded as one of Melbourne’s most storied inner-city fringe suburbs, Abbotsford has quietly been undergoing a major urban transformation. With its unique riverside and sought-after inner-city location, this is the next chapter in one of Melbourne’s most remarkable locales. Abbotsford’s industrial history has seen its character defined by waves of migration. Initially the home…

28.08.2019

Town centre site provides first Melbourne’s first metropolitan shopping centre development opportunity for 2019

Residential developer ID_Land is preparing to launch an Expressions of Interest campaign for the sale of the Truganina Central Shopping Centre development site in Melbourne’s west. CBRE’s Justin Dowers, Mark Wizel and Kevin Tong have been appointed to steer the campaign, which represents the first Melbourne metropolitan shopping centre site offering for 2019. The 2.2ha…

29.07.2019

Secure neighbourhood centres buck retail headwinds

Victoria’s neighbourhood shopping centres are on track to record strong 2019 sales results despite negative sentiment around the retail sector generally, according to a CBRE review of the sector. The review found that while buyers were naturally more cautious around vacancy, pending expiries and the overall performance of the shopping centre itself, they remained attracted…

23.07.2019

Demand for Service Station Investments Tipped to Drive Interest in Baldivis Sale

A Melbourne based private developer is offering the new Puma service station in Baldivis for sale in a national campaign with the CBRE Retail Investments team. Located at the corner of Ridge Boulevard and Nairn Drive, the service station opened for trading in early July to service the growing residential area of Baldivis, south of…

09.07.2019

Sydney investor pays $47m for Coburg North Village

The prized Coburg North Village shopping centre has been snapped up by a Sydney based investor after an expressions of interest campaign which drew strong competition from local and off-shore buyers. The price, on a 4.7 per cent yield, represents a hefty premium on the previous sale in November 2016 when another private investor paid…

24.06.2019

Freestanding Retail Market Update – Saturday 22nd June

Buyer confidence is up after the election, especially when it comes to income producing assets.

21.06.2019

Coles Lalor sold under the hammer for $7.38m

The Coles supermarket that anchors the strata titled Lalor Plaza neighbourhood shopping has been sold at auction to a domestic investor with Hong Kong heritage for $7.38 million. The purchaser outbid two local underbidders to secure the property, which occupies 40% of the Lalor Plaza Neighbourhood Shopping centre at 22 McKimmies Road, 18 kilometres north…

20.06.2019

Darwin shop centre offers $7m income stream

Darwin based developer Gwelo Developments has put its Coles and Kmart anchored Coolalinga Central shopping centre to the market offering investors an estimated $7.17 million net  annual income fully leased. According to CBRE Director Retail Investments, Justin Dowers, who is managing the sale with Mark Wizel and Trent Weir, the near new Stuart Highway centre…

07.06.2019

Private investors active in sub $10m service station market

Private Melbourne-based development fund PE Capital has exchanged contracts on the final portion of its Amstel convenience retail development in the south eastern growth corridor of Cranbourne. The project incorporated a three lot subdivision with a total end value of circa $13 million. A 7-Eleven anchored service station, which sold this week, represented the final…

Dual Woolworths and ALDI-anchored Newcomb Central shopping centre listed for sale

In what has remained a tightly held sector, the Victorian neighbourhood shopping centre market is soon to be tested with the offering of Newcomb Central Shopping Centre in Geelong, Newcomb Central is a double supermarket anchored neighbourhood shopping centre of 8,727sqm, complemented by 24 predominantly non-discretionary specialty shops. The major tenants include Woolworths and ALDI…

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