Australian Property Markets News

JLL, alongside Stonebridge Property Group, proudly announces the successful sale of Dee Why Grand Shopping Centre in Sydney’s Northern Beaches for $60 million. A private investor acquired the property, reflecting the robust demand for prime retail assets in key Sydney metropolitan areas. Dee Why Grand is a standout dual-supermarket neighbourhood centre, anchored by major tenants Coles Group and ALDI Stores Australia, along with a mix of specialty retailers. The centre offers 9,976 sqm of Gross Lettable Area (GLA), catering to a broad and affluent local community in the Northern Beaches. https://lnkd.in/ghswEFFZ Nick Willis Sam Hatcher Carl Molony #JLL #RetailSale #DeeWhyGrand #SydneyRetail 

The supply of office sublease space in the Sydney CBD has stabilised at its lowest level since the pandemic onset as leasing demand strengthens. As at the end of Q2 2024 just 80,088sqm of sublease space was available in the CBD, down 8,670sqm on the previous quarter. https://lnkd.in/gtqvZ2F5 CBRE Thomas Biglands Chris Fisher #CBRE #SydneyOfficeMarket #Sublease #OfficeSpace #CommercialRealEstate

A diverse mix of childcare centres throughout NSW have sold for a price of $55.2 million to Arena REIT. The Affinity Education Group’s childcare portfolio comprises seven assets across six key locations, underpinned by long-term leases to tier one operator, Kids Academy. Four of these assets are situated in the Sydney Metro region with three more across the Central Coast. https://lnkd.in/gYW-JVgh Colliers Jordan McConnell Matthew Meynell Gracian Marando Harry Bui

Real estate non-bank lender and investment manager, Centuria Bass Credit (“Centuria Bass”), has secured a new c.$150 million warehouse facility, with an initial $100 million senior secured commitment from global investment bank, UBS. https://lnkd.in/gSheTFwD Giles Borten Jason Huljich Holly Clements #CenturiaBass #UBS #RealEstateFinance #WarehouseFacility

A strategically located 362sqm 4-level building located in the heart of the Queen Street Mall on Albert Street, enriched with over 100 years of Brisbane history, has hit the market for the first time in 25 years. Being offered for sale by Colliers Queensland agents Tony Wang AAPI and Shaun Seeto and MG Property Investments agent Mark Greer, the 100 per cent freehold building is expected to generate significant interest, especially as Brisbane is preparing to host the 2032 Olympic and Paralympic Games. https://lnkd.in/gErSEFQP #Colliers #BrisbaneRealEstate #PropertyForSale #QueenStreetMall #RetailProperty #MGPropertyInvestments

The Strand at Coolangatta, Australia’s widest beachfront retail holding for sale Located strategically between the globally recognised surf breaks of Snapper Rocks and Kirra, The Strand at Coolangatta, a 30,000 sqm mixed-use lifestyle centre, has officially launched to the market, capturing the attention of both domestic & offshore investors alike. https://lnkd.in/g9maU3GB Vinta Group JLL Nick Willis Sam Hatcher Sam Linden

JLL (NYSE: JLL), as the sole marketing agent, has launched Roxy Square Shopping Centre / Grand Mercure Roxy Hotel (“Roxy Square”) for collective sale by tender. The freehold mixed-use development is up for sale at a minimum price of $1.25 billion. https://lnkd.in/gQKiGWUQ Dentons Rodyk Davidson LLP Hong Boon TAN

HID®, a worldwide leader in trusted identity solutions, today announced that leading Australian property fund manager ISPT has deployed HID Mobile Access® through its trusted technology partner onUgo , to enable employee badges in digital wallets at ISPT’s office in George Place, Sydney. This is ahead of a larger portfolio implementation that has commenced across a number of ISPT’s flagship office precincts nationally. https://lnkd.in/giFHCV2Q Nicole Ward Steve Katanas #PropTech #HIDMobileAccess #DigitalWallet #ISPT #OfficeSecurity

Mazzucchelli's, the renowned jewelry and watch retailer, is excited to announce its relocation from Carillon City to 110 William Street, Perth. The new store, strategically positioned at the corner of Murray Street Mall, promises an enhanced shopping experience for customers. Colliers Retail Leasing Expert, Joel Humich leased the site relocating Mazzucchelli’s from its current location at Carillon City 207 Murray Street Mall, Perth to 110 William Street, Perth leaving Cotton on and Hype DC as the only remaining tenants in Carillion City. https://lnkd.in/gypeY8Sh #PerthRetail #Mazzucchelli #WilliamStreet #PerthCBD #RetailLeasing

The former Electric Lamp Manufacturers of Australia site, 54 Clyde Street in Hamilton North, has sold for $31 million to a National Investor who plans to give the 26-tenanted property a “facelift.” “The sale of 54 Clyde Street highlights the property’s intrinsic value and strategic location,” said Brad Crouch , Associate Director at Commercial Collective. “This transaction was synergistic with Commercial Collective’s mission to support infrastructure development and economic growth within the Hunter region.” Benjamin Morello, Senior Executive at Commercial Collective, added, “The combination of the property’s rich history, diverse tenant mix, and prime location presented a unique investment opportunity. We are excited to see the new owner build upon and enhance this asset.” https://lnkd.in/gJYJz34G #CommercialCollective #HamiltonNorth #IndustrialRealEstate