The latest research from Docklands Cityscope shows that commercial property sales have decreased significantly with 12 sales at a total of $38.2 million, compared to the 16 sales at a total value of $235.2 million for the previous quarter. The yearly figures have decreased as well, with 59 sales at a total value of $572.7 million for the twelve months to April 2019, compared to the 65 sales at a total of $2.040 billion for the previous year.

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

Docklands SalesGrid April 2019.gif

 

Notable sales in the April 2019 update of Docklands Cityscope include:

  • The site of East Tower in the Melbourne Quarter development, at 628 Flinders Street, Melbourne
    A project under construction, to be a 44-storey residential tower with a ground floor cafe and 719 one, two and three-bedroom apartments. The land was bought for over $29.23 million; and
  • A total of 110 car parking lots in the Aquavista Tower being Lot 201P and Lot 301P at 401 Docklands Drive
    Both lots on levels 2 and 3, were bought together for $3.68 million.

 

Docklands SalesChart April 2019.gif

 

Properties listed as for sale in the April 2019 update of Docklands Cityscope include:

  • Suite 1418 and Suite 1419, two 66 sqm office suites on level 14 in the Aquavista Tower at 401 Docklands Drive
    An A-grade 17-level commercial and retail building, built in 2007, were for sale with a car parking space through Lucas Real estate Docklands; and
  • Unit 1G in Watergate at 759 Bourke Street
    A 57 sqm shop on ground floor in a 20-storey residential complex, for sale through Burgess Rawson Melbourne.
     

Leasing opportunities listed in the April 2019 update of Docklands Cityscope include:

  • 717 Bourke Street
    An 18 level office building completed late 2010 with a net lettable area of 37,000 sqm, which has office space ranging from 1,100 sqm to 6,300 sqm available through Savills Melbourne and CBRE;
  • The proposed MAB Quarter development at 396 Docklands Drive
    , to be a development of four buildings of between 6,000 and 10,000 sqm separated by interconnected laneways with a central piazza, has office space of 9,799 sqm for pre-lease through Cushman & Wakefield Melbourne and Colliers International Melbourne.