COMMO’s Post

Sydney CBD Office Leasing to NSW Government Agencies

Great transformation

EOI | Sydney’s Premier City Fringe Warehouse Opportunity   Presenting the ultimate CBD fringe freehold asset at 1–19 Hargrave Street, Darlinghurst - an unparalleled opportunity just moments from Sydney's bustling CBD. This renowned freehold offers over 36 metres of frontage and sits on a substantial land parcel of 1,489m²*. Offering 3,124m²* of adaptable office space across three levels and a total GFA of 3,903m²*, including ground floor and rooftop parking, this impressive warehouse conversion presents a prime opportunity to occupy, develop, or add value in Australia’s most coveted and tightly held city fringe markets.   Colliers exclusively offer 1-19 Hargrave Street, Darlinghurst for sale via Expressions of Interest Thursday, 4 July 2024 at 12pm (AEST).   For further details, please contact Matthew Meynell, Miron Solomons or Matt Pontey.   #Darlinghurst #CommercialRealEstate #SydneyRealEstate #PropertyInvestment #DevelopmentOpportunity #RealEstateSales #InvestmentProperty #PrimeLocation #RealEstateDeals #CommercialProperty #PropertyForSale #SydneyProperty #InvestmentOpportunity #PropertyMarket #RealEstateSydney #colliers #sydney #australia   *Approximately

I am thrilled to share that we have recently leased 25 Victoria Street West, Auckland. This deal has not only resulted with securing a national tenant (more to come on that) and being able to restructure and extend existing leases within the asset, but allows Scarborough Group to boast a 100% occupancy across our retail tenancies within Midtown. We are proud to manage in excess of 6,300sqm of retail space, across 26 tenancies, +$3.20m in rental and an average WALT of 5.6 years between Durham Street and Rutland Street. As many know, Midtown and it's occupiers have faced a number of challenges following COVID, including continual construction work, extension of the City Rail Link and general desire to be closer to the waterfront. With the completion of CRL and Linear Park now in sight, it is pleasing to see retailers understanding the future of Midtown and positioning their businesses to thrive for the next chapter. I would like to give a big thanks to Nilesh Patel of JLL for both his assistance and persistence in securing this national operator for 25 Victoria Street West, and when we are able to divulge more, we believe it will prove to be a great addition to the immediate area and adjoining tenants. Now... time to move upstairs. Office floors available for lease. #ScarboroughGroup #AssetManagement #Retail #MidtownRetail #Midtown #AucklandCentral

Big changes ahead for Brixton Market Just eighteen months after their proposed tower project was halted by Sadiq Khan, it appears that Taylor McWilliams and his company, Hondo Enterprises, are set to exit Brixton. This significant development was first reported by CoStar, which revealed that Hondo and their associates, TPG Angelo Gordon, have enlisted Savills and Bruce Gillingham Pollard to manage the sale of the freehold and part leasehold of Brixton Market. For those unfamiliar with the background, Hondo Enterprises had ambitious plans to revamp Brixton with a high-rise tower, a plan that faced substantial local opposition and was ultimately blocked by the Mayor of London. This decision came as a victory for many local residents who have been concerned about preserving the unique cultural and historical fabric of Brixton. As more details emerge, this decision to put Brixton Market up for sale could signal a period of uncertainty and transformation for local businesses and residents. It will be intriguing to see who steps in next and how they will influence the future of this iconic market space. Your thoughts and comments are welcomed as we watch this story develop. #BrixtonMarket #UrbanDevelopment #LondonRealEstate

🚨Just Sold by Robert Dowdy from CBRE Asia Pacific. 244 Woodville Rd, Merrylands💎🏗🏦✅🎉🗝🔨💰💵🏦☎️ Raw Development Opportunity Next To Iconic John Cootes Furniture Site. CBRE Asia Pacific as the exclusive sales agents, are pleased to announce for the first time in over thirty (30) years, the successful sale of 244 Woodville Road, Merrylands. The property is a two (2) storey, three (3) bedroom cottage style dwelling with frontage to Woodville Road. The property presents itself as a prime raw development site suitable for multiple uses including boarding houses, centre based childcare facilities, commercial premises and shop top housing (STCA). 244 Woodville Road, Merrylands benefited from the following key attributes: - Terrific land holding - Accessibility to major business hubs via Great Western Highway and the M4 Motorway - E1 Local Centre Zoning - Ideally located in an ever-growing region and in proximity to fantastic services and amenities including Stockland Merrylands, ALDI Guildford, Westfield Parramatta, as well as bus and train services. - Highly favourable planning controls including an FSR of 2.2:1, and HOB of 31 metres - Merrylands offer Sydneysiders a rich mix of dining, cultural entertainment, retail, nightlife and leisure experiences. - This existing dynamism is firmly supported by Parramatta's position as the 6th largest GDP of Australia, enjoying constant federal and state level investments which will only enhance this location's appeal. - More than $35 billion in infrastructure investment occurring in Western Sydney, from which Merrylands will be a major benefactor. Should you have any questions relating to this transaction, please do not hesitate to contact from CBRE Asia Pacific Robert Dowdy 0499 007 000 or. #cbre #justsold #merrylands #sydney #commercialrealestate #residential #opportunity #location #amenity #owneroccupiers #investors #developers #assets #assetclass #primelocation #realestate #sales #capitalmarkets #sales #transactions #2024realestate #asiapacific CBRE Asia Pacific

Somerset Mall embarks on a multimillion-rand expansion project - Somerset Mall, the dominant shopping destination in the Helderberg region, has announced plans for a landmark expansion project aimed at redefining retail in the Western Cape. - https://lnkd.in/ddPvEyRc #economicgrowth #Helderbergdevelopment #retailtransformation #shopperexperience #SomersetMallexpansion Hyprop Investments Limited

FOR SALE Fully Leased Office Investment (1,382m²* NLA Building) RWC Queensland has the pleasure to offer Building 12 Lakes Vista Office Park, 2 Flinders Parade, North Lakes in Moreton Bay, Queensland to the market. An exceptional investment opportunity strategically positioned in the heart of the Moreton Bay region, one of the largest (3rd) and fastest (5th) growing local government areas in Australia. The Moreton Bay region also has the 3rd largest number of residential dwellings of any local government area in Australia. Situated 28 kilometres* north of Brisbane CBD, North Lakes has emerged as the most vital residential, retail and business destination in the region. This new 'Central Business Hub' has attracted long-term investment from multi-national companies, major retailers, government and local business. Located just 1.8 kilometres* to Westfield North Lakes and 250 metres* to Bruce Highway (M1), and close to shops, schools, healthcare infrastructure, Moreton Bay/Beach, bush reserve, sporting facilities, train station, and cycleway. - 1,382m²* NLA office building completed in 2015, offering considerable tax depreciation benefits. - 46 secure basement car parking bays providing an exceptional ratio of 1:30m²* NLA. - 100% leased with a 2.36 year* WALE. - $633,173* per annum Net Operating Income. - NABERS Rating - Currently an 'Exception'. - Multi-tenanted building with 5 strong covenant tenants, with landlord friendly net leases including bank guarantees, providing a diverse income stream and defensive cash flow. - Huge potential for future rental growth due to strong tenant demand coupled with constrained new supply (the economic rent required for it to be feasible for developers to deliver new supply has increased significantly over recent years due to the increased construction and funding costs combined with softer capitalisation rates). For sale via Expressions of Interest campaign closing Wednesday 30 October 2024 at 4.00pm (AEST). https://lnkd.in/gyETwyhb Tom Barr Managing Director +61 405 144 352 tom.barr@raywhite.com *Approximately (radial km) Image outlines/labels indicative only #RWC #RayWhite #Investment #CommercialProperty #NorthLakes #CentralBusinessHub Nadia Salvetti

Kepperra's Great Western Super Centre leased at 98 per cent capacity Keperra’s Great Western Super Centre in Brisbane’s inner north-west, is at 98 per cent leased with two new tenancies brokered by Consolidated Properties Group and CVS Lane Capital Partners. The latest lease deals leave just one tenancy available at Great Western, following a $22 million refurbishment program commenced at the centre by Consolidated Properties and CVS Lane in 2022. Rob Clifton, Head of Leasing at Consolidated Properties Group, says Great Western Centre is currently in a growth phase and new tenants such as Amalfi Pizza and Keperra Quality Meats add enormous value while helping to create a culture that local communities can enjoy. “We are committed to creating spaces that premium businesses can be proud to call home. Our focus is on fostering an environment where both retailers and the community thrive,” he added. Read more on COMMO - https://lnkd.in/ghczD__d Kieran Cox Craig O'Donnell Morgan Lee Lee Centra Lambros Sioros Don O'Rorke Denai Rex Hannah Tohill Michael Donnelly Demi Prestipino Daniel Slomoi Andrew Vasarelli Jeremy Roach Greg Szwarc Lee Centra Reynold Wong #shoppingcentre #retail #leasing #forlease #supercentreforlease #supercentre #retaillease #qldre #queenslandinvestment #retailleasing #retailrealestate #retailproperty

Derwent London is pleased to announce that all 204,300 sq ft of office space at its 25 Baker Street W1 development is now fully pre-let to five tenants. This follows two new recent leasing deals which take the office rent roll to £21.2m. Ahead of completion later in H1 2025, these lettings highlight the strength of demand for high quality, design-led and amenity-rich spaces in the right location with class-leading sustainability credentials. Press release - https://lnkd.in/dks6hKK2