News & Research

Commercial Pulse Update - Docklands Cityscope April 2022

The latest research from Docklands Cityscope shows that commercial property sales value has significantly decreased with 10 sales for a total of $156.3 million for the quarter to April 2022, compared to the 9 sales at a total value of $445.2 million for the previous quarter but has shown an increase from the 4 sales at a total value of more than $2.5 million for the quarter to October 2021. This brings the 12-month total of over $1.860 billion from 33 sales, a large increase from the $140.8 million of 23 sales for the previous year.

The table below shows sales recorded for the past eight updates of Docklands Cityscope.

Docklands sales grid

The latest research from Docklands Cityscope shows that commercial property sales value has significantly decreased with 10 sales for a total of $156.3 million for the quarter to April 2022, compared to the 9 sales at a total value of $445.2 million for the previous quarter but has shown an increase from the 4 sales at a total value of more than $2.5 million for the quarter to October 2021. This brings the 12-month total of over $1.860 billion from 33 sales, a large increase from the $140.8 million of 23 sales for the previous year.

The table below shows sales recorded for the past eight updates of Docklands Cityscope.

Docklands sales chart

Properties listed as for sale in the April 2022 update of Docklands Cityscope include:

  • A 100% freehold interest in the office component being Lot S2 in PS841881 at 1000 La Trobe, an A-grade tower of 23-storeys providing 39,297 sqm of net lettable area, an average floor plate of 2,300 sqm and parking for 87 cars, was completed late 2021, which is for sale through Colliers International – Melbourne;
  • Unit 32, 66 Newquay Promenade, also known as tenancy 32, ground floor retail, area 280 sqm at The Nolan, a residential building of 25 levels with ground floor retail space includes pool and gym on level 4, completed late 2003, which is available for sale through CVA Property Consultants and
  • Lot 6 known as 57 Merchant Street, a 93 sqm retail unit on upper ground level at Exo Apartments at 852-860 Collins Street, completed in mid-2013, a 12-storey building comprising 96 apartments in the four upper levels, 8 levels of car parking and seven shops on ground level; which is for sale through Allard & Shelton.

Leasing opportunities listed in the April 2022 update of Docklands Cityscope include:

  • Aurecon Centre at 850 Collins Street, completed in 2012, an eight-storey office building with retail space on the ground floor, large floor plates of 2,155 sqm and 142 car parking bays, has office space ranging from 2,030 to 4,180 sqm available for lease through Cushman & Wakefield – Melbourne and Colliers International - Melbourne;
  • 818 Bourke Street, also known as the Ericsson Commercial Tower, developed by Lend Lease for General Property Trust at a cost of $100m and completed in October 2007. The building of 23,271 sqm of net lettable area which comprises of six levels of office space above a car park of three split levels for 163 cars and 165 bicycles, has office space ranging from 500 to 10,739 sqm for lease through CBRE - Melbourne and JLL – Melbourne;
  • 800 Bourke Street, two A-grade 9-storey sections, connected by a 9-storey atrium which is crossed by connecting passages on the six upper levels built in 2004. The ground level of the eastern building was refurbished in 2009. The property has a building area 61,300 sqm (office 59,600 sqm, retail 1,700 sqm), and parking for 380 car spaces, including public spaces, has office space ranging from 3,000 to 25,000 sqm available for lease through Knight Frank - Melbourne.

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