Commercial Real Estate
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Commercial service station sector still growing despite EV push
Growth in investment in commercial service stations was elevated in 2021, despite Government attempts to encourage electronic vehicles (EV).
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Australian office investment set to surge in 2022
Investment in the Australian office market is set to surge this year, according to the latest research from valuer Knight Frank.
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Hornsby: The new commercial real estate frontier
It’s affectionately known as Sydney’s green heart, thanks to its lush bushland and proximity to parks and nature reserves.
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Affordable regional markets are attracting first-time commercial investors
Raine & Horne has found regional commercial property markets around Australia are very attractive for business owners and investors, particularly for first-timers. Regional towns like Wagga Wagga, Port Macquarie and Mackay are experiencing very strong economies, primarily due to their COVID-19 recovery efforts. Executive Chairman of Raine & Horne Group, Angus Raine, said for those new to commercial property investing,…
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Property Council of Australia welcomes NSW support packages worth $9 billion
The Property Council of Australia has welcomed state and federal business support packages for New South Wales (NSW) announced this week.
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Buyers to benefit from strong conditions at Commercial Auction Event
As Ray White Commercial Gold Coast readies to host its Commercial Event Auction, director Greg Bell is confident strong buyer interest indicates a strengthening commercial market. On February 20, the commercial auction will see 14 properties go under the hammer, including a range of industrial-warehouse properties, strata-titled office suites, development sites, and retail premises, in addition to a collection of…
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Three new agents appointed to Knight Frank’s Brisbane office leasing team
KNIGHT Frank’s Brisbane office leasing team is expanding in a vote of confidence in the strength of the city’s commercial market in both the CBD and fringe. Three agents have joined the team, including: Matt O’ Brien - Senior Leasing Executive (formerly at Elders Commercial)Sebastian Fahey - Leasing Executive (formerly Knight Frank on the Gold…
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Ray White Commercial NSW welcomes two new recruits
Ray White Commercial NSW – Sydney City Fringe has welcomed two new recruits to the team. Lachlan Palm has joined as a Sales and Leasing Associate and Fiona Farmer has taken up the role of Office Manager, and both will based out of the Sydney City Fringe office in Glebe. Mr Palm, who made the move from Brisbane to Sydney,…
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Crown Group property developers’ sales rebound
Australian property developer Crown Group says the Reserve Bank’s latest rate cut is welcomed by developers and is seeing a return of confidence among home buyers and property investors. Chairman and Group CEO Iwan Sunito said he had seen a surge in both confidence and buyer activity in the past two weeks, as a result of the federal election outcome.…
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International House Sydney: Rider Levett Bucknall Australian Development of the Year
Lendlease has claimed the nation’s top property prize, receiving the Rider Levett Bucknall Australian Development of the Year award for their innovative timber marvel, International House Sydney. Lendlease was presented with the accolade at the Property Council of Australia / Rider Levett Bucknall Innovation and Excellence Awards in Sydney on Friday. “International House is not only a construction industry ‘game…
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Queensland Government’s 46-storey new home wins state’s top property honour
A skyscraper that has reshaped the Brisbane skyline has taken out the Property Council of Australia’s Rider Levett Bucknall Queensland Development of the Year award. 1 William Street is the 46-storey office now home to the Queensland Government and public service. Building owners Cbus Property and ISPT were praised for taking an innovative approach to development that has delivered a…
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Australia’s first engineered timber office wins NSW’s top property honour
Australia’s first engineered timber office, International House Sydney, has received the Property Council of Australia’s Rider Levett Bucknall NSW Development of the Year award. “International House demonstrates that mass timber construction is a viable alternative to conventional construction and stands as a beacon of innovation and sustainable design excellence,” said the Property Council’s NSW Executive Director Jane Fitzgerald. International House…
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Perth’s industrial space prospers on the back of employment and population growth
Ray White’s latest research has found there are signs of improvement in Perth’s industrial leasing sector, with employment and population growth leading to positive GSP results. Entitled Between the Lines – Perth Industrial Sub 5,000sq m Leasing report, the research indicates small business is driving the trend. “Take-up in industrial space has especially been outstanding over the past two years,…
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Belle Property Commercial launches retail agency
In response to Queensland’s infrastructure and development activity and population growth, Belle Property Commercial has launched Belle Property Retail, Brisbane. Michael Hanscomb, Managing Director of Belle Property Commercial, said Belle Property Retail will be the flagship brand within the Belle Property Commercial group and a key focus for the business. “With an explosion of online shopping and the arrival of…
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Colliers International ACT to expand with a new office in the Civic Quarter
After recently taking out the 2019 Real Estate Institute of Australia Commercial Agency of the Year, Colliers International ACT has outgrown its current office space and will move into the A-Grade Civic Quarter (CQ) when it is completed later this year. “Our business has continually performed strongly year-on-year and this has allowed us to continue to welcome new members to…
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Ray White commercial duo maintain a perfect auction rate
Ray White Commercial Gold Coast property specialists Jared Johnson and Lachlan Marshall are leading the charge to maintain a 100 per cent success rate under the hammer, selling $16.7M worth of assets across nine auctions in just four months. The duo have achieved a 100 per cent success rate under the hammer in 2017, 2018 and 2019, and have visions…
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Knight Frank makes high-profile national appointment to Capital Markets team
Knight Frank has appointed Graeme Russell as Partner, Institutional Sales from late November 2018. With 33 years’ industry experience specialising in investment sales, Mr Russell will join Knight Frank from his most recent role as Divisional Director – Capital Transactions at Savills Australia and New Zealand, where he has worked for five years. Prior to that, Mr Russell was with…
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CBRE Group moves into co-working space with the launch of CBRE Hana
Commercial real estate services firm CBRE has declared a move into the flexible working spaces sector with the creation of CBRE Hana, a new division which the agency says will partner with property owners to provide workspaces. Hana will design, build and operate the co-working facilities and services, in partnership with institutional property investors. In a statement, CBRE president and…
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Ray White Commercial recognises its top performers in 2017-18
Ray White Hotels Australia Managing Director Andrew Jolliffe has claimed the major individual honours at the annual Ray White Commercial awards for the fourth consecutive year. The awards were held on Sunday night at the Gold Coast Convention and Exhibition Centre, which kicks off the Ray White Group’s Connect Conference, with 2,500 attendees from across the entire group. Andrew Jolliffe,…
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Knight Frank appoints Head of Institutional Sales for VIC and SA
Knight Frank’s Joint Managing Director, South Australia, Guy Bennett will relocate to Melbourne to take on the newly-formed role of Partner, Head of Institutional Sales, Victoria and South Australia. The move delivers on the firm’s strategic focus globally on Institutional Sales and bolsters the firm’s east coast presence. Mr Bennett will leverage off his national and offshore capital relationships to…
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Barangaroo South wins NSW’s top property honour
Sydney’s largest urban regeneration project, Barangaroo South, has picked up the state’s top property honour. Lendlease was presented with the Property Council of Australia’s RLB NSW Development of the Year award at a cocktail reception this evening. Barangaroo South will eventually accommodate 23,000 office workers, 2,000 residents, a six-star hotel and 80-plus cafés, bars, restaurants and retail outlets across 535,000…
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Probuild revealed as the nation’s most active construction company during 2016/17
The Housing Industry Association (HIA) Construction 100 report presents in-depth analysis of the engineering construction, non-residential building, and apartment sectors and ranks the largest 100 companies operating in these sectors. Victoria-based Probuild has made the most of the apartment boom in Melbourne and Sydney as well as the demand for construction of mixed-used developments including luxury hotels to jump from…
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Brisbane and Perth Offices Dominate Commercial Property Awards
Raine & Horne Commercial Brisbane North was a big winner at this week’s Raine & Horne National Awards, held at Sydney’s iconic Opera House, while a purple patch for commercial markets in Perth also helped land Raine & Horne WA a number of coveted gongs. Raine & Horne Commercial Brisbane North was named Top Commercial Office (Dollar Value) for a…
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Residential Bulls pushing commercial bears out of North Sydney, says Raine & Horne
After a decade of near zero residential development, the North Sydney CBD is once again alive with towering cranes and men in high-visibility work wear, according to a leading local real estate expert. Duncan Grady, Principal of Raine & Horne North Sydney, says there are almost 1,000 residential apartments either under construction, or in the pipeline, within 300 metres of…
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Office Fitouts are Key to Employee Satisfaction According to Study
Commercial Real Estate: Office fitouts play an important role in influencing staff morale and retention according to a survey results released today by Amicus Interiors. On average, over 88 percent of respondents believe their fitouts affect how their staff perform. The survey also revealed how important areas for play, entertainment and relaxation are to employees, yet found only half of…
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