COMMO

Charter Hall Long WALE REIT 2025 Half Year Results Charter Hall Long WALE REIT (ASX:CLW) (the REIT) today announces its results for the six months ending 31 December 2024 (1H FY25). Avi Anger ceo, Charter Hall Long WALE REIT Fund Manager commented: “CLW has successfully completed its $50 million on market security buy-back program. The portfolio is in an excellent position with 53% of leases in the portfolio being triple-net, occupancy of 99.8% and a weighted average lease expiry of 9.7 years. Like for like property income growth of 3.5% resulted from an attractive mix of fixed and CPI linked annual increases”. Portfolio update: During the half year period, a total of $300.4 million in asset divestments were completed with $11.5 million of new acquisitions. The acquisitions were strategic in nature, consolidating adjoining sites to existing assets owned in CLW’s convenience retail hospitality portfolio. • Divestments (previously announced and now completed during the half year period): ◦ $225.3 million of Agri-Logistics assets with the sale of the Inghams portfolio; ◦ $74.0 million (CLW’s 50% share) of Australian Red Cross, Sydney, NSW; and ◦ $1.1 million (CLW’s 24.5% share) bp Australia Armadale Service Centre, WA. • Acquisitions: Strategic acquisition of the accommodation that adjoins CLW’s existing investment in the Narrabeen Sands Hotel (CLW 50% ownership). The asset, which is located in northern Sydney is leased to the Endeavour Group with a 9.3 year lease term; and ◦ BWS Crows Nest (CLW 50% ownership), leased to Endeavour Group with a new 10 year lease term. This asset adjoins the REIT’s existing Crows Nest Hotel investment located in a rapidly densifying area of inner northern Sydney. Read more on COMMO > https://lnkd.in/gFJ2Zp-t Nick Kelly Philip Cheetham Jonathan Williams, CAIA David Harrison James Hackett Amy Dampney Sophie Brikich Natalie Devlin Ben Ellis Richard Stacker Carmel Hourigan #charterhall #REIT #Austrlianrealestate #realestateinvestment #commercialrealestate

Knight Frank office market commentary for release of PCA vacancy rate figures According to Andrea Roberts, Knight Frank National Head of Leasing: “After a challenging middle of 2024, enquiry levels from November 2024 onwards have pleasingly increased..." “Fitout costs, construction costs and interest rate levels prove to be the headwinds to discourage tenant moves, with landlords prudently allocating capital due in the current economic environment. Where good quality existing fitouts are available, it is financially compelling to tenants to stay put or achieve a double deal, but only if the fitout that is existing or inherited is of a sufficient high quality and has suitability to their business.  Read more on COMMO > https://lnkd.in/gNMVFKbN Knight Frank Australia Andrea Roberts Hamish Sutherland Mark McCann Ian Edwards Rory Dyus Nathan Dunn Vanessa De Groot Melanie Rusk-Dunn Sarah Clark Taylor Wardle #knightfrank #officemarket #commercialmarket #commercialnews #australiancommercialrealestate #officespaces

Brand new Brisbane LFR Retail Centre sold circa $10m by Burgess Rawson Abrand-new, multi-tenanted large-format retail centre in the thriving Brisbane suburb of Cleveland has successfully sold for $10,650,000 reflecting a sharp yield. Located at 47 Shore Street West, the modern retail asset, completed in 2024, boasts a premium 2,018-square-metre state-of-the-art building on a site of 4,617 square metres. Fully leased for $591,426 per annum, the property is home to a highly sought-after mix of national and international tenants, including mycar, The Salvation Army, and Lifeline. Burgess Rawson facilitated the sale through a National Expressions of Interest campaign, led by Yosh Mendis, Josh Scapolan and Andrew Havig.   Read more on COMMO > https://lnkd.in/grA-qZXP Burgess Rawson Yosh Mendis Josh Scapolan Andrew Havig Adam Thomas Neville Smith Ingrid Filmer Jamie Perlinger Wendy Thomson Zomart He Beau Coulter Olwyn Conrau Michael Hooper Campbell Bowers Matthew Wright Mark Foster Shaun Venables #burgessrawson #brisbanecommercialrealestate #retailrealestatesold #commercialrealestatedeals #commercialnews #lfr #largeformatretail #retailrealestate #retailnews #retaildevelopment

Ground Lease to BP investment for sale - Colliers Colliers State Chief Executive, Richard Cash and Executive of Investment Services, Aidan Austen exclusively offer the ground lease at 2 Abello Boulevard, Jindalee Western Australia for sale. Asecurely leased petrol station and convenience store situated in Perth’s Northern growth corridor is expected to attract strong amounts of interest from local, national, and international buying groups when it formally hits the market this week. Located at 2 Abello Boulevard, Jindalee the BP leased property possesses a strong tenant covenant, long secure lease, fixed annual rental growth and significant street exposure to the busy Marmion Avenue with over 34,500* passing vehicles daily. BP Jindalee represents the first ground lease service station to be marketed since early 2022. The property is leased to global giant BP who have over 1,400 stores nationwide. Read more on COMMO > https://lnkd.in/g489d7Fq Colliers Richard Cash Aidan Austen Sarah Casey #bpforsale #bpjindaleeforsale #colliers #richardcash #aidenausten #commercialrealestateforsale #commercialnews

Colliers Promotes Thomas Larwill to Head of Retail Leasing Victoria Tom Larwill to lead key initiatives and drive growth in Victoria's retail sector. Colliers announce the appointment of Tom Larwill as Head of Retail Leasing | Victoria he will continue to work on several leading retail projects that will shape the retail landscape in Victoria. Since joining Colliers in 2021 as a Senior Executive in the retail leasing team, Tom has established himself as a leader within the Victorian business and retail industry. He has worked on numerous of Melbourne's most significant retail projects, including the Melbourne Metro Tunnel and Bourke Street Mall's newest development, Melbourne Walk and the upcoming redevelopment of Frankston Hospital. Head of Retail Leasing Retail Agency, Australia, Michael Tuck said, "We are delighted to promote Tom to his well-deserved position as State Product Director for Victorian Retail Leasing. Rob Joyes Colliers Victorian State Director, added, "Tom's promotion comes at a pivotal time for our growing Victorian business. Thomas Larwill said, "I'm excited to take on the opportunity to lead the retail leasing team in Victoria as Melbourne's status of being a global destination for tourism and business continues to create a vibrant shopping and culinary culture, which makes it an attractive location for high-profile brands seeking to expand their presence. Read more on COMMO > https://lnkd.in/gTp7BeHJ John Marasco Richard Cash Lachlan MacGillivray Harry Dever Jenny Persson Sam Quintner Will Goldsworthy Michael Bate Daniel Paul Christopher Pilgrim Kate Strickland John Kenny #colliers #retailleasing #retail #retailrealestate #retaildevelopment #melbre #melbournerealestate #realestatecareers #acceleratingsuccess

Bundamba Pharmacy investment sold at auction by Burgess Rawson Burgess Rawson’s Andrew Havig and Tom Lawrence successfully brokered the sales of all the assets in the Bundamba Retail Hub. Following the successful sale of the Bundamba Discount Pharmacy for $2.621 million, achieving a sharp 5.15% net yield, the total sales in Matchbox Property’s Bundamba development now amount to $15,986,000.  The Bundamba Pharmacy is located on a substantial 1,681sqm freehold site within Walker Corporation’s Citiswich Business Park. It was sold with a new 10-year lease to 2034, including two additional five-year options extending to 2044 and a net income of $139,050 per annum with the tenant paying 100% outgoings including land tax and management fees. Read more on COMMO > https://lnkd.in/gWmMkABx Ingrid Filmer Jamie Perlinger Wendy Thomson Zomart He Beau Coulter Yosh Mendis Olwyn Conrau Geoff Sinclair Matthew Wright Shaun Venables Cameron Hopkins Adam Thomas #retailrealestatesold #burgessrawson #bundambapharmacysold #realestate #realestateinvestment #qldcommercialnews #retailinvestmentsold

KFC Blakeview sold $5.575 Million - Burgess Rawson A private investor has paid $5.575 million for a KFC in Blakeview, South Australia reflecting a sharp 4.0  per cent return. The transaction was negotiated by Burgess Rawson’s Beau Coulter. A private investor has paid $5.575 million for a KFC in Blakeview, South Australia reflecting a sharp 4.0  per cent return. The transaction was negotiated by Burgess Rawson’s Beau Coulter. Developed by Leyton Property’s Hamish Brown and William Brown the property was completed late last  year and sits strategically opposite Blakes Crossing Shopping Centre, which features a Woolworths Supermarket and 14 specialty shops. Mr Beau Coulter said the result underscores the strength of a global brand, with KFC remaining a premier  tenant for commercial investors due to its strong lease structures, high consumer demand, and  recession-resistant performance. Fast food investments continue to be among the most sought-after assets in 2024, with this latest  transaction reinforcing the sector’s strength. “Over the past year, we’ve seen record-low yields achieved for fast food assets, reaffirming their  position as some of the most coveted investments in the market.” Read more on COMMO > https://lnkd.in/guRCPB8y Ingrid Filmer Jamie Perlinger Andrew Havig Wendy Thomson Zomart He Beau Coulter Yosh Mendis Olwyn Conrau Kelly Menzies Lukas Weeks William Brown Geoff Sinclair Matthew Wright Shaun Venables Cameron Hopkins #burgessrawson #kfc #fastfoodinvestments #retaildevelopment #retailinvestment #retailproperty #retailrealestate #Adelaiderealestate #realestatedevelopment #realestateinvestment

Ellen Health Medical Centre in Perth’s Fremantle sold for $9m+ - Knight Frank A prominent medical centre in Perth’s western suburbs with a long and rich history has sold for $9.1 million, demonstrating the strong demand for quality healthcare assets. The two-storey property at 91 Hampton Road in Fremantle, called the Ellen Health Medical Centre, consists of a 1,131sq m building on a 1,508sq m site. It was purchased for $9.1 million following an Expressions of Interest (EOI) campaign run by Knight Frank agents Cory Dell'Olio, Tony Delich and Sam Biggins on behalf of a private vendor. Read more on COMMO > https://lnkd.in/gNaZybzv Bobbette Scott Jeremy Robotham Sam Biggins Martin Elliott Sarah Clark Melanie Rusk-Dunn Cory Dell'Olio Tony Delich Vanessa De Groot Taylor Wardle #knightfrank #healthcareinvestment #healthcareinvestmentsold #commercialinvestmentsold #medicalcentresold #perthcommercialproperty

Fergal G Harris Hired to Affinius Capital’s Global Investors Group Harris joins as Managing Director and opens Sydney office.   Fergal G Harris has joined Affinius Capital as Managing Director in the firm’s Global Investors Group, and will concurrently launch the Sydney, Australia, office for the firm where he will be responsible for capital raising activities in Australia and New Zealand as well as support the broader APAC engagement.  The Sydney office, together with the existing Seoul office, will further expand Affinius Capital’s footprint in the APAC region, positioning us more closely to service our global investors.  “Ferg brings an established network of client and industry relationships from his 20 years of experience in the APAC region,” said Scott Stuckman, Senior Managing Director of Affinius Capital’s Global Investors Group. Read more on COMMO > https://lnkd.in/gNwRPute Geraldine Barlow, CAIA, GAICD Craig Cowie Laurie Golub Andrew Florio, CFA Carrington Brown David Reahl William Foster #affiniuscapital #fergalharris #commercialrealestatenews #commercialinvestment #realestateinvestment #realestateinvestment

ISPT to sell major Melbourne CBD Retail Complex 206 Bourke Street - JLL and Cushman & Wakefield   A 100% interest in major CBD retail complex, 206 Bourke Street, Melbourne, will be offered for sale by leading property fund manager ISPT, in one of the first key commercial property offerings for 2025. JLL’s Stuart Taylor, Josh Rutman and MingXuan Li 李名轩 in conjunctionwith Cushman & Wakefield ’s Oliver Hay, Daniel Wolman and Leon Ma have been appointed to bring the asset to market via a public expressions of interest campaign commencing next month. “The property provides a massive and highly strategic 3,157 sqmlandholding, benefiting from enormous frontage to Bourke Street, one of Australia’s premier retail precincts at the front, and one of the largest frontages to Melbourne’s bustling Chinatown at the rear – an incredible dynamic for a retail offering” Mr Taylor said. Mr Oliver Hay commented “The asset was previously permit approved for the development of a rooftop bar and entertainment facility, whilst separately having been permitted for a 9-level development incorporating hotel above the existing retail centre, highlighting the incredible optionality of the asset.” 
“Major CBD retail assets have been extremely tightly held, with very few opportunities presented to market that provide such attractive investment fundamentals and genuine value-add optionality. We expect the campaign to generate significant interest from a domestic and international buyer pool and a range of capital sources,” Stuart Taylor concluded. Read more on COMMO > https://lnkd.in/gzjHBydH #jll #jllaus #retailrealestate #melbre #cushwake #jllretail #retailproperty #ISPT #melbournerealestate #retailinvestment #realestateinvestment