COMMO’s Post

This Newshub piece gives us a lot of optimism for the city centre's future! Notwithstanding how tough it has been for the last few years, and the significant disruption many businesses have and continue to face from CRL project (and the other infrastructure projects in the Midtown area), there are some great results for residential and commercial leasing. 94 Feet Pty Ltd’s Fifty-one Albert Street is almost complete. Sotheby's International Realty’s Mark Harris confirms that nearly all the 30 apartments have already sold. It's an impressive build, with the penthouse apartment now up for sale for $15M. And as the epicentre of Auckland, we agree with Bill McKay that the future is high-rise living! On the commercial front, JLL’s Gavin Read reports that retail vacancies are down 7.3% on last year and rents are up by 5.4%, while nine out of the city’s 26 office towers have zero vacancies – including the ANZ Centre and PwC New Zealand Tower. Gavin is also super confident that "over the next two to five years, once CRL comes on board and we do more work around where those opportunities are, I think the city has a bright future." https://lnkd.in/gfgmwuyH

Gold Coast coastline Palm Beach development site for sale by CBRE & JLL CBRE Gold Coast and JLL offer 62-64 Jefferson Lane Palm Beach for sale, one of the last remaining development sites of scale along arguably the most sought-after stretch of coastline on the Gold Coast. Tim Jones of JLL said “the site is primed for a range of possibilities, particularly a mid-rise or high-rise multiple-dwelling development and/or short-term accommodation, with the opportunity for commercial uses to be retained or new tenancies proposed at the ground floor.” Mark Witheriff of CBRE went on to say “the residential markets of the southern Gold Coast and particularly Palm Beach have continued to outperform other beachside locations due to the boutique nature, strong lifestyle community and some of the best F&B offerings in the City. The Real Estate Conversation RETalk Asia Luxury List John Nucifora CBRE Asia Pacific Hayley Manvell Sam Richards Harry Borger Jake Burrowes Liam Petersen Ryan Shepherd Samantha Esmond Rachel Henselien Mack Rennick Melissa Montgomery Darien Bradshaw Stuart Crow #cbre #jll #jllaus #goldcoastrealestate #goldcoastbusiness #goldcoastproperty #beachfrontliving #beachfrontproperty #beachhouse #realestate #realestatedevelopment #propertydevelopment #realestateaustralia

99 Queen Street Melbourne CBD for sale - Cushman & Wakefield Positioned within the heart of Melbourne's evolving commercial landscape, 99 Queen Street for sale through Daniel Wolman, Oliver Hay and Leon Ma of Cushman & Wakefield. With opportunities for refurbishment, re-letting, and sustainable enhancements, the property offers a canvas for investors and developers to leave their mark on Melbourne's skyline while meeting the rising demand for modern commercial spaces. The price guide, which is in the early to mid $20 million range underscores the desirability of this asset within Melbourne's competitive real estate market. A defining feature of this strata titled property is its 31.41m of combined street frontage, providing a commanding presence and unparalleled visibility within the bustling urban fabric. Daniel Wolman acknowledges the intrinsic value of its location, stating, "Its prime location next to Collins Street and opposite the esteemed Queen & Collins building positions it as a cornerstone investment opportunity for those with a discerning eye for potential. “There is also value-add potential through enhancements to the existing building, coupled with a strategic leasing approach to capitalise on current vacancies and drive rental growth over the medium to long term. #cushwake #cushmanandwakefield #melbre #melbournecbd #melbourenrealestate #melbourneproperty #office #officebuilding #officeinvestment #realestateinvestment

The Forum Surfers Paradise for sale - CBRE & Colliers CBRE's Mark Witheriff and Colliers Steven King have been appointed by EG Funds to offer The Forum, Paradise Avenue, and Lido Arcade properties Surfers Paradise for sale. The Forum’ complex, ‘Lido Arcade’, and ‘Paradise Avenue’, situated in the heart of Surfers Paradise comprising mixed-use properties with development potential, are being offered for sale individually or in-one-line. ‘The Forum’ complex comprises a 2,612sqm site and boasts a five-level office building, retail, and basement entertainment venues, across a lettable area of 4,929sqm. Lido Arcade features 1,182sqm of site area with 805sqm of ground floor lettable area, plus 20 one and two bedroom residential flats on the first and second floors. Lastly, Paradise Avenue offers a 1,462sqm site comprising a two-level office and retail building with a total lettable area of 2,613sqm. Managing Director of CBRE Gold Coast, Mark Witheriff said, “the properties are currently under utilised and the existing short-term leases that are subject to demolition clauses are extremely under rented. The individual offerings will provide significant value-add potential for incoming purchasers via repositioning and refurbishment.” The Gold Coast is experiencing unprecedented demand for inner-city office accommodation, as demonstrated by the 15-year low vacancy rate of 6.4%, whilst witnessing some of the highest rental rates being achieved” said Steven King, Director in Charge, Colliers Gold Coast. CBRE Asia Pacific The ASEAN Developer RETalk Asia #cbre #colliers #retaildevelopment #surfersparadise #goldcoastbusiness #goldcoastrealestate #goldcoastproperty #retailinvestment

Raine & Horne Commercial - 41,570 sqm land holding near Western Sydney Airport for sale C $60 million 9 Gregory Hills Drive Gregory Hills E3 Productivity Support Zoned land for sale with price expectations of $60 million through Daniel Krobot Managing Director of Raine & Horne Commercial Macarthur.   Positioned just 17 minutes from the Western Sydney Airport that is set to open in 2026, this significant property represents one of the Macarthur region’s last remaining significant commercial land opportunities.   Boasting three street frontages, it also commands substantial visibility from passing traffic along busy Gregory Hills Drive. It is also fully serviced and ready to develop, and given its E3 Productivity Support Zoning, could support a range of facilities and services, including light industries, warehouses, and offices.   “Covering roughly 10,000 hectares, the SWGA borders the airport and the Glenfield to Macarthur Urban Renewal Corridor. This area represents one of three significant growth zones in southwest Sydney,” Mr Krobot said.    “Consequently, this is a landmark opportunity is not to be missed. It would be suitable for a range of occupiers, including medical, office, bulky goods retail, high technology, including data centres, food, leisure, and entertainment.”   Mr Daniel Krobot said that the property is valued at $60 million. “However, considering the rarity of such properties near the airport and the diverse array of interested buyers vying for a property of this calibre, the selling price is anticipated to surpass this figure.” The ASEAN Developer COMMO Maria Agostino Chris Nicholl #raineandhorne #industrialland #industrialleasing #industrialdevelopment #industrialrealestate #westernsydney #industrialproperty

What do planning restrictions on larger properties by Westminster Council mean for London's super-prime property market? The new restrictions, adopted in 2021 as part of the borough’s 2019-2040 ‘City Plan’, mean that no new residences or properties can be greater than 200 square metres (around 2,150 square feet) in size, ‘except where it is necessary to protect a heritage asset’, the 216-page edict reads. The new limit will force a rethink among developers, explains Mayfair property guru Peter Wetherell. ‘When you do a new development, you need to have the trophies – those standout apartments.’ Of particular note, he says, is the show-stopping 14,000 square foot ‘townhouse in the sky’ within the Bryanston, which is priced at £132 million. Click the link below to read the full article featuring Peter Wetherell and Edward Lewis of Savills.

Ever Thought about Investing in London? Starting your journey has never been easier, A beautiful development Under construction set in the Beautiful suburb of north London - Cockfosters Located 100m from Cockfosters tube station, this gated development of 141 one, and two-bedroom apartments offers contemporary living and working space that allows you to connect with the community of like-minded residents. With high-quality design-led finishes, perfectly formed spaces, handy communal areas, and an enviable location, One One Six Cockfosters blends comfort and convenience, providing a lifestyle that balances the bustle of Central London. Some units have been sold already, but the majority are still available as brand-new developments.   Estimated Completion: Q2 2026 completion (10% on exchange - 10% six months after - 80% on completion) Total Development: 141 one and two-bedroom apartments Expected Yield: Circa 5.7% Gross Lease Length: 999 Years Ground Rent: Zero Service Charges: £5 psf includes all facilities Facilities: Concierge, Gym, Gardens, Roof Terrace, Residents Lounge   The location offers you everything, from the green open spaces of Trent Park to an array of delicious eateries just across the road, not to mention many of the other services you would expect from a metropolitan setting. Commuting is easy if you are still heading into the office, but if you want to work from home and fancy a change of view, there is a residents' business lounge situated in the concierge. #Londonproperty #northlondon #investlondon #BuytoLet #APIglobal

📌Exciting times ahead for London's commercial real estate! 🏙JP Morgan has just submitted a planning application to modernise over 800,000 sqft at Bishops Square and the adjoining Spitalfields Market in London. The ambitious project aims to retain and extend the existing structure, creating a new landmark - One Spitalfields.🏙 💥The proposal offers a massive 870,000 sqft of office and retail space with a significant 70,000 sqft of new terrace space.💥 ♻There's also going to be a big emphasises sustainability. 70% of the original building will be retained and transformed into an all-electric building. Scheduled for completion in 2030, the project's commitment to sustainable development is a testament to the future of London's urban development.♻ 🌟I'm looking forward to seeing how this unfolds and how similar projects will impact the city's landscape.🌟 What are your thoughts on the development? Share your opinions in the comments below! 👇 #RealEstate #London #Sustainability

Will this lead to a bifurcation in the market - turbo boosting the value of the largest existing unmodernised properties, with lowere psf values for smaller properties? Will it move trophy homes out of the centre?

JLL 4Q23 Apartment Market Overview: Developing large-scale projects in Sydney has not become any easier and supply is likely to fall well short of underlying demand over at least the next few years. Conditions across Sydney’s apartment market remain extremely divergent. Premium suburbs closer to the CBD are seeing strong demand for luxury boutique projects, as downsizers capitalise on the considerable equity they have built up and are more accepting of increasing prices. Strong sales rates are seeing record prices achieved in these markets. In contrast, larger developments, particularly in Western Sydney, cannot achieve the sales rates required to justify building and construction has largely stalled. Please reach out should you want to receive our latest market research.