CBRE Asia Pacific

Dear all, it’s with great sadness that I’m posting today following the passing of CBRE Asia Pacific’s Christine Miller, who recently lost her battle with cancer. Christine was an industry trailblazer who joined CBRE in 2017 in a newly created role as Head of Supply Chain Advisory for the Pacific region. She built this service offering from the ground up, following a 20-year career with A.P. Moller - Maersk, the world’s largest shipping and supply chain solution company. Christine started there as a trainee and was the only woman selected for her cohort, setting the pace for innovation in the industry early on. Christine leaves an amazing legacy. She raised the profile of supply chain within the broader property industry, changing the way that both tenants and investors look at property decisions while setting a new standard for end-to-end supply chain solutions. In 2020, her achievements were recognised by RICS Australia with her receipt of the Woman of the Built Environment award. Christine’s passing will be hard felt by many—both at CBRE and with the clients Christine worked with throughout our industry. She was an incredible leader, beloved colleague, and a big part of our CBRE community. Our thoughts go out to Christine’s husband, children, and wider family at this devastating time. Sincerely, Phil Rowland – CEO, Advisory Services, Australia & New Zealand

Will Positive Lender Sentiment Drive Increased Activity in 2025? Our latest Lender Sentiment report reveals a positive shift in lending dynamics. Appetite for development lending is improving towards land subdivisions and apartments. For investment lending, Industrial is the most preferred asset class. Core office is also well supported by domestic banks. Additionally, lenders are demonstrating increased capacity, characterised by higher loan-to-value ratios and more relaxed interest coverage requirements. Green financing is also gaining traction among bank lenders but is less of a focus for non-bank lenders. As we approach 2025, the critical question remains: will this positive sentiment translate into increased market activity? Explore all the insights in the full report via the link in the comments below #Lending #RealEstate #Finance #NewZealand #SurveyInsights #2025Outlook Brent McGregor Matthew St Amand Tim Rookes Zoltan Moricz Alex Nikolaou Richard Zhao

Yesterday, over 40 CBRE staff members and friends joined more than 600 runners at the CBRE Lantau 2 Peaks Race, one of the most challenging events on the local sports calendar. Showing great effort and resilience, participants conquered the tough and technical terrain, with CBRE’s Brian Lee securing second place in the 15KM Open Men category. CBRE is proudly sponsoring the Lantau 2 Peaks by Action Asia Events for the fourth consecutive year, promoting a healthy and active lifestyle among our colleagues and the wider community. Congratulations to all the winners and participants for their incredible determination and spirit!

CBRE Hotels has delved into the effects of recent events on hotel demand in Australia and New Zealand. Our findings reveal that sports, cultural, and business events are the pivotal drivers of this demand. Explore strategies for businesses and government entities to harness the benefits of these events in our comprehensive report. Peter Hamilton #CBRE #CBREHotels #HotelDemand #TourismNewZealand

CBD retail vacancy rates continue to tighten across most of Australia’s major cities. Find out what’s happening in your city in our latest report: https://cbre.co/3ZqagHh The report was created with insights from Kate Bailey, Eza Ranjbar, Cameron Philippe Douglas Perrine, Sameer Chopra, and Charlotte Fordyce

Thank you to all who joined us in our Auckland office for CoreNet Global New Zealand's Office Occupier Sentiment Survey Breakfast. It was great to see so many attendees eager to gain insights into the evolving priorities of New Zealand's office occupiers and the factors influencing real estate strategies. Our very own Zoltan Moricz, Kirstin Cooper, and Campbell Pritchard offered valuable perspectives, drawing on the insights gained from our comprehensive survey of 160 corporate real estate executives across 18 sectors, covering over 428,000sqm of office space in Auckland, Wellington, and Christchurch, with a workforce of over 31,000. Whether you’re assessing your real estate strategy, looking into workplace design trends, or hybrid working practices, our report provides a comprehensive view of how office environments are evolving in New Zealand’s major cities. These insights will help you stay ahead of the curve and make informed decisions that align with the dynamic needs of your business and employees. We invite you to explore the full report here: https://cbre.co/3XytbNo #OfficeOccupiers #officeoccupancy #OfficeWorkspace #CBRENZ #WorkplaceExperience Bridget Fowler Andrew Stringer

On Friday, September 13th CBRE team members from our NSW offices each joined in the 2024 Tour de PIF hosted by the Property Industry Foundation. The event raised over $315,000 in donations, with participants taking on a 10 km run/walk, 21 km half-marathon, or one of the multiple cycling events ranging from 35-100 km. All proceeds will be donated to build secure and safe housing for homeless youth at Haven House South Dowling, with every dollar being matched by in-kind contributions from the property and construction industry. Congratulations to all involved, and special thanks to the event sponsors: The GPT Group, Architectus, Aliro Group, MPA, ADP Consulting Pty Ltd, Aqualand Australia, ISPT, GenUrban Projects Co, Texco Construction, Exclusive Bus Hire, oOh!, and The Urban Developer.

This morning, CBRE New Zealand had the honour of hosting Acting Prime Minister the Hon. David Seymour in our offices for a breakfast, presentation and Q&A session with our Emerging Leaders cohort and a selection of our Auckland Senior Leaders. David shared in-depth insights on policy, property, his leadership journey, and his vision for New Zealand, making for a frank and engaging conversation. At CBRE, we are committed to providing our people with opportunities to learn from influential and leading figures. A big thank you to Michael Cocks and Kennedy Lewis from our Emerging Leaders Programme for organising such a fantastic event. Andrew Stringer | Brent McGregor | Claus Brewer

Australia has a significant undersupply of Purpose Built Student Accommodation (PBSA) but demand is higher than ever. CBRE’s Pacific Head of Research Sameer Chopra says, “Despite projections stock will increase by 19,000 beds across 2024-2027 and the Australian Government’s tightening of international student regulations, there will still be significant unmet demand, particularly in Sydney and Melbourne.” However, there is clear investor demand in the sector with PBSA assets performing well. CBRE Valuations Director Rosie Young says, "Student accommodation continues to perform well, with rents increasing significantly across the market. Occupancy levels also remain strong, especially for those assets near a university campus or transport hub." Find out more about what’s impacting demand, supply and pricing in the PBSA market in the report: https://cbre.co/3WBPAce The report was created with insights from: Craig Godber, Izzy O'Hara, Tamba Carleton, Steph Harper, Tahir Khan, Holly Rees, Andrew Purdon, Shauny Bult and Alex Shaw.

What key trends are shaping Asia Pacific’s industrial and logistics sector? Michael O'Neill discusses how occupier demand and vacancy rates are impacting Australia’s logistics market. Unlock more insights in our Q2 Trends report: https://cbre.co/3WRmlDt #CBREInsights