Commercial Real Estate News

While neighbourhood and smaller shopping centres continue to trade well in the pandemic times, CBRE has sold the Entrada Centre at 20 Victoria Road, Parramatta for about $41 million. The vendor is the Cook Property Group, founded by and controlled by Ben Cook of Auckland.

Being put to market by CBRE Hotels is the Novotel South Wharf at 7 Convention Centre Place, Southbank. 

The latest research from Adelaide Cityscope shows that commercial property sales in Adelaide have decreased significantly in terms of sales value for the quarter ending January 2021. The latest quarter shows total sales value of $81.4 million from 18 sales, compared to the $309.6 million from 11 sales in the...

The latest research from Brisbane Cityscope shows in the last three months property sale numbers have remained steady but figures have decreased. The last three months to the beginning of February 2021 recorded 12 sales for a total of $120.5 million, with $82.3 million for commercial, $8.3 million for...

The latest research from Brisbane Fringe Cityscope shows in the last three months property sale numbers have increased but sales figures have had a slight increase. The last three months to the beginning of February 2021 recorded 22 sales for a total of $114.2 million, with $23.7 million for commercial, $4.4...

The latest research from Burke Road Cityscope shows sales value has increased in the quarter to February 2021. In this latest quarter, there were 4 sales at $8.8 million, compared to the sale at a total value of $6.5 million from the 1 sale in the previous quarter.

The latest research from Chapel Street Cityscope shows that commercial property has increased both in total sales and value for the past three months. Sales recorded in the quarter to February 2021 totalled $32.5 million from 11 sales, compared to the $2.3 million from 2 sales in the three months to...

The latest research from Docklands Cityscope shows that commercial property sales value have decreased with 8 sales at a total of $6.3 million for the quarter to January 2021, compared to the 3 sales at a total value of $8.4 million for the previous quarter. This brings the 12-month total to $289.9 million...

The latest research from North Sydney Cityscope shows property sales for the quarter to January 2021 have increased in terms of both total value and number. Sales recorded in the most recent quarter totalled $618.7 million from 37 sales, as compared to the $246.4 million from 22 sales in the quarter to...

This quarterly update of Pyrmont-Ultimo Cityscope shows a decrease in total sales value, with 18 sales at a total value of $29.8 million, compared to the 17 sales at a total value of $70.1 million for the quarter ending October 2020.

The latest research from Richmond Cityscope shows property sales value have decreased in the past three months. Sales recorded in the quarter to February 2021 totalled $29.7 million with 6 sales, a decrease from the $34.9 million recorded in the three months to November 2020 but an increase from the $15.1...

There were 1,529 homes scheduled for auction across the combined capital cities this week, up from 1,304 over the previous week. Of the 1,191 results collected so far, 86.1 per cent have reported a successful result, higher than last week’s preliminary auction clearance rate of 83.8 per cent which revised...

In one of the first 2021 sales, Stamford Hotels and Resorts has sold Stamford Green at 899 - 927 Hay Street, Perth for $67.8 million, after having rejected an offer of $134 million ten years ago. Stamford Hotels and Resorts was formed in 1995 by parent company, Stamford Land Corporation Limited (formerly...