COMMO

Richlands Marketplace sold for $17.25M in record sale - Colliers Newly constructed Neighbourhood Centre, Richlands Marketplace sold for $17.25M negotiated by Colliers’ Retail Middle Markets team of Harry Dever and James Wilson. Colliers Queensland Associate Director Harry Dever said, “Notably, 6 out of the 7 groups were first-time shopping centre investors, accounting for 85 per cent of the interested parties. This influx of new capital reflects the growing appetite for retail investments in Queensland. Ultimately, we secured a high-net-worth Sydney investor, who also marked their entry into the shopping centre investment sector.”  “This sale marks a significant milestone for the retail investment sector in Queensland and underscores the growing confidence in high-quality retail assets across the state,” James Wilson added. Read more on COMMO -   https://lnkd.in/gNQpVrTx Lachlan MacGillivray Sarah Casey Richard Cash Doreen Castaneda Jenny Persson Tim McIntosh Ben Wilkinson Will Heffernan Nathan Raj Andrew Kemmler Mia Kasalo Kiki Cao Lea Levy Tiana McNamara Sophie Grieve Alison Yu #colliers #retailinvestment #shoppingcentre #shoppingvillage #commercialrealestate #commercialinvestment #commercialretail

Jai Sethi Launches Forte CRE Western Sydney’s commercial real estate market just got a fresh new player FORTE CRE, founded by industry veteran Jai Sethi. Discussing the launch, an energetic Jai told COMMO, “In this evolving market, I see a turning point in the commercial real estate market when it comes to servicing clients. With 2025 set to bring renewed activity through further rate cuts, I anticipate a busy and dynamic year for the industry, an ideal time to launch my own agency and embrace the opportunities ahead.  Read more on COMMO -https://lnkd.in/gj9KnEer #realestate #realestatebusiness #realestatenews #realestateagents #commercialrealestate #commercialrealestate #sydneyrealestate #sydneymarket #westernsydney #realestatecareers #cre #ForteCRE

Former Glenroy Australia Post office sold - Colliers A highly sought-after former Australia Post at 9-11 Post Office Place, Glenroy sold for $3.001M under the hammer, negotiated by Colliers experts Travis Keenan and Matthew Stagg. "The result of this auction clearly indicates the rising demand for assets of this calibre in Melbourne's North West. We are seeing both local and interstate investors seeking to capitalise on commercial and retail real estate opportunities and economic potential across Melbourne's dynamic growth corridors," Travis Keenan said. Read more on COMMO - https://lnkd.in/gjU5Q88p Matthew Meynell Christian Hatzis Nick Garoni Ryan Milivojac Yvonne Zhou Quynh Tran-Faulks Harry Bui Doreen Castaneda Jenny Persson Owen Roberts #postoffice #commercialretail #commercialinvestment #melbournemarket #mellbournerealestate #colliers #retailrealestate #commercialrealestate

Colliers celebrating women in property Milly Stockdale In celebration of International Women's Day, We interview women from diverse backgrounds and roles within the property industry, including Milly Stockdale Colliers Director Office Leasing, as they share insights into their careers in real estate. What is the best advice you have ever received, and how has it impacted your career? The first piece of advice I received on my first day was that the property industry is very small. If you look after people, they'll look after you. It resonated with me and has shaped how I conduct my work daily. I always strive to provide exceptional customer service, whether it's to clients, colleagues, or contractors. What advice would you give young women and men considering a career in property? Just have a go and back yourself. The property industry is an extremely rewarding and enjoyable industry to be a part of. Read more insights from Millie Stockdale on COMMO > https://lnkd.in/gB2AWndg Matt Kearney Jenny Persson Doreen Castaneda Renee Hughes Michael Darvell Andrew Beasley Annabelle Gandolfo Matt Cosgrave Georgia Davis Matthew Meynell #womeninrealestate #womeninproperty #wire #internationlawomensday #colliers #realestatecareers #realestateagent #australianrealestate #officeleasing #office #officebuildings #officeinvestment #officedevelopment

Sunbury Showrooms sold to Melbourne-based Kinglake Group circa $19.5m brokered by Burgess Rawson’s Zomart He. Melbourne-based Kinglake Group has acquired the fully-leased Sunbury Showrooms in an off-market transaction believed to be circa $19.5 million brokered by Burgess Rawson’s Zomart He. The high-profile retail centre features 143 car spaces and is anchored by The Good Guys, alongside a  strong national tenant mix including Repco, Total Tools, Petstock, and Worklocker. Kinglake Group Director Jamie A. Allen said the national tenant profile and secure income stream made Sunbury Showrooms an attractive acquisition. "With limited supply and strong demand from occupiers, this asset aligns with our strategy of investing in high-growth, tightly held retail precincts," Mr Allen said. The centre is directly opposite Bunnings Warehouse in the Sunbury Large Format Retail (LFR) precinct, reinforcing its status as a prime retail hub. Mr Zomart He highlighted the transaction as a testament to the strength of the Sunbury retail market and the increasing appeal of assets in Melbourne’s high-growth corridors. "Large format retail assets continue to attract a diverse range of investors due to their robust performance and strong tenant covenants, solidifying their place as a cornerstone of commercial  property portfolios," he said. Read more on COMMO > https://lnkd.in/g7UqB3hB Ingrid Filmer Jamie Perlinger Olwyn Conrau Wendy Thomson Yosh Mendis Andrew Havig Beau Coulter Adam Thomas Shaun Venables Darren Beehag Raoul Holderhead Harry Nettlefold Quinn Feikema Jamie A. Hamish Baillieu Matthew Wright Romanor Falconer John Brown #burgessrawson #lfr #largeformatrealestate #retailrealestate #retaildevelopment #retailleasing #lfrleasing #lfrnews #lfrinvestment #commercialrealestate

Prestigious Ivanhoe apartment block sold for $18.2M - Gross Waddell ICR A premium block of 30 luxury apartments along with two commercial tenancies at 1065 Heidelberg Road Ivanhoe sold by Raff De Luise director Gross Waddell ICR. The sale of this property reinforces the enduring appeal of Ivanhoe as a blue-chip residential location and the strength of the Melbourne market overall” Raff De Luise director Gross Waddell ICR. Read more on COMMO - https://lnkd.in/g4pB7U8k Raff De Luise Gross Waddell ICR Andrew Greenway Danny Clark Alex Ham Andrew Waddell Michael Gross Julian Materia Raoul Salter OAM Glenn Ye 叶格林 Ashleigh Bolton Marney Post Crystal Yang Mark Coster #commercialrealestate #commercial #realestate #realestatemarket

Adelaide CBD tower in highly sought-after precinct for sale – JLL & Colliers JLL's Ben Parkinson, Luke Billiau and Jack Bergin in conjunction with Colliers' Alistair Mackie, Jordan Schmidt, and James Mitchell market a 20-level office tower in one of Adelaide's premier business boulevards, at 77 Grenfell Street Adelaide for sale. JLL's Managing Director & Head of Capital Markets, South Australia, Ben Parkinson, said the property's strategic redevelopment potential offers a rare opportunity for repositioning and conversion. "The asset is ideally suited for conversion into a mixed-use development with hotel and residential components, Purpose-Built Student Accommodation (PBSA), or residential apartments with flexible floorplates and multiple proposed schemes already in place. Jordan Schmidt, Head of Office Capital Markets & Investment Services | South Australia, stated, "Situated on one of Adelaide's premier business boulevards, 77 Grenfell Street boasts excellent connectivity just steps from Rundle Mall and superb public transport links. This prime location offers outstanding accessibility and convenience, surrounded by numerous amenities. Read more on COMMO > https://lnkd.in/gh4zatNq Daniel Kernaghan Malcom Tyson James Young Robert Papaleo Lisa Trigg Matt Kearney Lucy Mallick Matthew Meynell Angelo Amara Richard Cash Sarah Casey Todd Lauchlan Capital Markets at JLL Andrew Beasley Joseph Lin #commercialrealestate #jllaus #colliers #commercialinvestment #realestatemarket #realestate #adelaidemarket #office #officeleasing #officebuildings #adelaidecbd #jllcapitalmarkets #collierscapitalmarkets

Centuria Capital Group delivers c.14% IRR on $55m Strathpine office divestment - JLL and Knight Frank   Australasian real estate funds manager, Centuria Capital Group (ASX:CNI or “Centuria”), has delivered a 14% initial rate of return (IRR)[i] for investors of a single-asset wholesale fund following divestment of a Strathpine office building - the purpose-built headquarters of Super Retail Group (ASX: SUL).   The sale of the 6 Coulthards Avenue, Strathpine Qld office building was secured for $55.5million to investment company, Sandran Property Group.   The asset was developed by Centuria and purpose-built for the ASX-listed retailer, which has operated from the building since November 2019.   Jesse Curtis Centuria Head of Funds Management, said, “For close to 30 years Centuria has provided compelling real estate investment opportunities across a range of asset classes such as office, industrial, retail and alternative sectors. This particular Trust was established in mid-2017 and we are proud to deliver a strong return for our investors throughout the eight-year period.   On Thursday, 27 February Centuria released its interim 2025 Financial Year results, which reported of its $20.5 billion of assets under management, $13.7billion is weighted in unlisted funds.    JLL’s Seb Turnbull and Elliott O'Shea in conjunction with Knight Frank Australia’s Matt Barker Blake Goddard and Justin Bond facilitated the sale of the Strathpine office building. Knight Frank’s Matt Barker said the sale campaign attracted significant interest from investors looking for a secure investment in Brisbane. “We had over 70 enquiries resulting in 7 offers, with interest coming from investors located both locally in Brisbane, as well as interstate and internationally,” he said. JLL’s Elliott O'Shea said SRG house was a best-in-class suburban trophy asset, with the added bonus of further development upside. “The buyer was attracted to the high-quality office building underpinned by the long lease to an ASX-200 tenant in Super Retail Group, who have been headquartered within the Moreton Bay Region for more than four decades. Read more on COMMO > https://lnkd.in/gJDwhV-G Christian Sandstrom James Patterson Sarah Clark Vanessa De Groot Taylor Wardle Paul Noonan Clem Stack Eva Tobin Nick Gaston Cara Christopher Bruce McCully Miguel C. Andrew Essey Jason Huljich James Hyde Andrew Palmer Grant Nichols Stuart Wilton #knightfrank #jll #jllaus #knightfrankaustralia #office #centuria #centuriacapitalgroup #commercialrealestate

ISPT's Katoomba Village for sale - CBRE & JLL CBRE’s James Douglas and James Sherley with JLL’s Sam Hatcher, David Mahood and Sebastian Fahey market Katoomba Village for sale on behalf of ISPT Retail Australia Property Trust (IRAPT). “Katoomba Village benefits from significant local trade, with the Coles supermarket performing above the Urbis Benchmark's average for a single supermarket anchored shopping centre. This strong performance is further complemented by a secure lease arrangement that offers incoming purchasers protection from rising holding costs and offers potential rental growth upside in the short term,” CBRE’s James Douglas said. David Mahood from JLL said, “Katoomba Village's prime location in Sydney's premier natural tourist destination capitalises on the Blue Mountains' 4.3 million annual visitors, who inject $1.2 billion in tourism spending.” Read more on COMMO - https://lnkd.in/gTnzvsav CBRE James Douglas James Sherley JLL Sam Hatcher David Mahood Sebastian Fahey Nick Willis Natalia Pavlova Simon Rooney Michael Hedger Joe Tynan #retailinvestment #commercial #commercialmarket #commercialrealestate #commercialretail #shoppingcentre #shoppingvillage #jllaus #cbre #retailrealestate #retailproperty #ISPT

New Zealand’s premier Large Format Retail asset for sale by JLL   Manukau Supa Centa for sale by JLL’s Australian & New Zealand Retail Investment Teams directed by Nick Willis and Sam Hatcher and Auckland based, Jonathan Ogg and Harry Fergusson.   The powerhouse Large Format Retail (LFR) Centre is underpinned by over 39,000 sqm of lettable area and anchored by a range of international and national flagship retailers, including a 24-hour trading Kmart which is one of the top performing Kmart stores in the retailer’s Australasian network. The Centre is interconnected and co-located with Harvey Norman, Bunnings Warehouse and Mitre 10, providing significant critical mass with a combined GLA for the precinct of over 67,000 sqm.   Nick Willis commented on the opportunity, stating; “Rarely do 100% interests in dominant retail assets in Metropolitan Auckland, such as Manukau Supa Centa, become available. This will represent the largest 100% interest in a New Zealand Large Format Retail centre to ever be offered for sale and provides new entrant investors an opportunity of immediate scale.”   Sam Hatcher expanded on this, commenting; “Manukau Supa Centa’s strategic last mile location provides the Centre with access to over 47% of Auckland’s population within a 25-minute drive time, cementing its dominance and infill nature.   Harry Fergusson highlighted “We are experiencing a renewed level of investor confidence locally in New Zealand as capital sources are resonating with the strengthening macro landscape. Retail floor space supply in New Zealand is one of the lowest globally, representing approximately half of Australia’s supply per capita and just a quarter of the USA’s supply per capita. Read more on COMMO > https://lnkd.in/gzrhAc28 Natalia Pavlova Todd Lauchlan Daniel Kernaghan Andrew Peck Stuart Crow Kate Low Capital Markets at JLL #jll #jllnz #jllaus #jllcapitalmarkets #retailinvestment #retailrealestate #retailproperty #lfr #largeformatretail #retailnews #aucklandrealestate