Australian Property Markets News

Stonebridge Property Group in conjunction with HTL Property have been exclusively appointed to offer for sale the 5-star SKYE Suites Sydney and Our Skittle Place Retail - located in Sydney CBD.    SKYE Suites Sydney comprises a 73 room serviced apartment complex operated by Crown Group under the SKYE Suites hotel brand; which commenced operation in November 2018. The outstanding offering includes ‘Our Skittle Place’ Retail precinct, comprising six retail outlets located on the ground floors of the development; providing approximately 918sqm of lettable area, anchored by national operator Soul Origin. Andrew Jackson https://lnkd.in/guFWruiR #Stonebridge #HTLProperty #SKYESuitesSydney #OurSkittlePlace #ForSale #PropertyNews

CBRE has bolstered its Victorian Retail Capital Markets team with the appointment of Jamie Hess amid growing demand for retail investment opportunities.   Mr Hess joined CBRE’s Retail Valuations team in 2021. In transferring to his new Capital Markets role he will work alongside Sam Guest, who joined the firm in August 2024 as part of CBRE’s growing and highly active middle markets presence. The pair will work closely with the wider national Capital Markets team to continue to drive exceptional results for clients with a focus on standalone retail properties, neighbourhood shopping centres and large format retail centres in Victoria. James Douglas https://lnkd.in/gN9R8Tsr #CBRE #Appointment #Retail #CapitalMarket #PropertyNews

A generational opportunity to acquire a rare Glen Iris warehouse on a major landholding in the sought-after suburb has hit the market. Fitzroys’ Chris Kombi, Marco Sandrin and Ben Liu are marketing 22-26 Weir Street, Glen Iris on behalf of a private owner. The campaign marks the first time the property has been offered for sale in 70 years. Expressions of Interest close Wednesday, 26 March at 3pm. The property comprises a highly versatile open-plan warehouse plus office of 1,100sqm, on a well-proportioned landholding of 1,510sqm with 12 on-site car parks and a commanding street frontage of 35.47m. https://lnkd.in/g9cTSZ-u #Fitzroys #Warehouse #ForSale #Landholding #GlenIris #PropertyNews

A brand-new childcare centre leased to Leading Edge Childcare in Melbourne’s high-growth suburb of Wollert has been listed for sale.   The property, located at 230 Saltlake Boulevard, is being marketed by CBRE’s Australian Healthcare and Social Infrastructure team of Sandro Peluso, Jimmy Tat and Kai Wang 王凯. Mr Peluso said the property, licensed for 80 children and secured with a new 10-year lease with options to 2065, was expected to attract investors in the sub $5 million range. https://lnkd.in/gt2BvGeB #CBRE #ForSale #ChildcareCentre #Wollert #PropertyNews

A medical centre in Western Australia’s southwest, situated at the gateway to the Margaret River region in the City of Busselton, is up for sale.   The Vasse Medical Centre at 21 Napoleon Promenade in Vasse, around 2.5 hours from Perth, is a modern, high-performing GP and pharmacy-anchored medical asset located in the heart of Vasse Village, opposite the Bunbury Farmers Market Vasse and Coles supermarket. The property is being taken to the market via an Expressions of Interest campaign run by Sam Biggins, Cory Dell'Olio and Tony Delich of Knight Frank. https://lnkd.in/gBFGNjnX #KnightFrankAustralia #VasseMedicalCentre #Healthcare #ForSale #Vasse #PropertyNews

Burgess Rawson, in conjunction with Ray White Inverloch, has successfully transacted the high-profile mixed-use development site at 6-8 Ramsey Boulevard & 4 Beaton Place, Inverloch VIC 3996, securing a sale price of over $3 million. The 1,272 sqm ‘Commercial 1’ zoned site* was offered via an Expressions of Interest campaign, attracting strong interest due to its prime positioning, substantial street frontage, and future development potential. Raoul Holderhead https://lnkd.in/gbjUn-Xj #BurgessRawson #Sold #Development #MixedUse #Commercial #PropertyNews

Burgess Rawson has strengthened its Tasmanian team with the appointment of George Wilkinson as a Sales Executive. Mr Wilkinson, a Deakin University alumnus with a Bachelor of Business in Property and Project Management, previously served at Devine Property Hobart. His portfolio includes transactions such as various development sites and mixed-use tenanted investments. Matthew Wright https://lnkd.in/gzaURTKu #BurgessRawson #Appointment #Sales #Tasmania #PropertyNews

Bracken Ridge Plaza, a prominent North Brisbane neighbourhood shopping centre anchored by a full-line Coles supermarket and complemented by a mini major and 25 specialty retailers has been acquired by a private investor for $39.3 million. Located at 250 Telegraph Road, Bracken Ridge, the property changed hands following an off-market campaign managed by JLL’s Queensland Retail Investments team. JLL Senior Director Jacob Swan and Associate Director Ned McKendry led the sale, achieving an exceptional 5.51% passing yield and $6,455 per square metre rate for the seller. https://lnkd.in/g4VQiNPY #JLL #BrackenRidgePlaza #Sold #Retail #Investment #Queensland #ShoppingCentre #PropertyNews

Gross Waddell ICR in conjunction with Australian Professionals Property Service is delighted to announce the successful sale of 173-177 Upper Heidelberg Road, Ivanhoe, with the sale price representing a yield of circa 3.7%. The property comprises a double storey mixed use improvement featuring 3 retail shops, all leased to a fashion retailer and 1st floor office, leased to an architectural firm. The improvements offer a building area of some 475sqm across both levels and feature rear carparking for about 10 cars accessed via a rear R.O.W. The property occupies a Commercial 1 (C1Z) landholding of approximately 540sqm over 2 titles. Andrew Greenway https://lnkd.in/gC7REU_c #RetailProperty #Investment #Commercial #Retail #Ivanhoe #MixedUse #PropertyNews

A two-storey office building in Perth’s CBD known as the former Sunday Times building, but now fully leased to the Western Australian Government, is up for sale.   The property at 34-50 Stirling Street occupies a 6,085sq m site and has 6,448sqm of fully fitted out office space, as well as a basement providing parking for 25 cars and 603sq m of storage space.   It is being taken to the market via an Expressions of Interest campaign run by Knight Frank and Cygnet West on behalf of the vendor, Elanor Funds Management. Tony Delich Wayne Lawrence https://lnkd.in/gGDnGWtV #KnightFrankAustralia #CygnetWest #ForSale #Office #CommercialProperty #PropertyNews