Commercial Real Estate News

Amid a pandemic that has wreaked havoc on the travel industry, the Ibis Sydney King Street Wharf has been placed on the market by Mark Durran of JLL Hotels and Hospitality Group and Michael Simpson and Tom Gibson of CBRE Hotels. The vendor is Aldprop Pty Ltd, owned by Jerry Schwartz of Vaucluse.

The long-term leasehold of a huge 1.44 HA commercial office site in Sydney’s Olympic Park has changed hands for $66.1 million. Neighbouring buildings, Quad 2 and Quad 3 at 6 Parkview Drive and 106 Bennelong Parkway respectively, were being marketed by GJS Property and Knight Frank Sydney.

The latest research from Sydney Cityscope shows that Sydney CBD commercial property sales value for the three months ending February 2021 has increased in total value from the preceding quarter.

The latest research from Southbank Cityscope shows property sales value has decreased in the past three months.

The latest research from Perth Cityscope shows property sale numbers and figures have increased for the first time in six months. The last three months to the beginning of March 2021 recorded 30 sales for a total of over $112.7 million; with $84.3 million for commercial, $12.6 million for commercial strata,...

The latest research from Newcastle Cityscope shows commercial property sales in Newcastle’s CBD have decreased in total sales value and number of sales. For the quarter to March 2021, there were 13 sales at a total value of $28.2 million, compared to the 21 sales at a total value of $66.1 million recorded in...

Sales recorded for Melbourne Units Cityscope for the three months to February 2021 totalled $516.5 million from 718 sales, an increase compared to the $495.3 million from 648 sales recorded to November 2020, and the $133.2 million from 224 sales recorded for the quarter to August 2020. This quarter’s data...

The latest research from Macquarie Park Cityscope shows that commercial property sales have decreased in both value and volume in the past three months.

The latest research from Canberra Cityscope shows both property sales volume and value have decreased in the past three months.

The latest research from Brisbane South Cityscope shows property sale figures have increased in the past three months and sales numbers have slightly increased. The last three months to the end of February 2021 recorded 7 sales for a total of over $19.6 million; with $7.2 million for commercial, $1.3 million...

There were 1,587 capital city homes taken to auction this week. Of the 1,311 results collected so far, 84.5% have reportedly sold. This is an improvement on last week’s preliminary clearance rate of 81.9% when volumes were higher (2,473). Final figures by Wednesday saw last week’s preliminary clearance rate...

There were 2,451 homes taken to auction across the combined capital cities this week, up from 2,128 over the previous week, although lower than this time last year when 3,026 auctions were held.

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.