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Prime Collingwood site for sale - Cushman & Wakefield Cushman & Wakefield experts Daniel Wolman, Raphael Favas, Hamish Burgess and Leon Ma have been appointed to market 53-57 Cambridge Street, Collingwood for sale. Following a well publicised supply/demand imbalance for housing in one of Melbourne’s inner-city pockets is reaping the benefits as developer demand intensifies around the gentrified areas of Collingwood and Fitzroy and East Melbourne. Historically home to long standing rag traders and inner city warehouses, the precinct is now having this landscape redefined with a string of high end residential, hotel, office and BTR developments filling the skyline. Daniel Wolman, Cushman & Wakefield’s International Director & Co-Head Investment Sales, VIC, commented on the demand for property within the precinct “This area is undergoing significant growth and demand, bolstered by a number of highly successful developments across several asset classes including residential, office, hotel and living sectors. “The dynamic precinct has fostered the development of a number of differing uses creating a vibrant and thriving inner-city precinct that is well activated and sought after.” Raphael Favas, Cushman and Wakefield’s Manager of Investment Sales added “Given the expansive footprint, abundance of natural light from the triple street frontages and 10 on site car parks, we expect this opportunity to catch the attention of not just developers but active owner occupier mandates on our books too.” Read more on COMMO - https://lnkd.in/g7X4Yx66 Cushman & Wakefield Daniel Wolman Raphael Favas Hamish Burgess Leon Ma Ariel Lu Brittany Delahoy Cameron Zamora Jeff Ha Joe Kairouz Josh Andrade Kaylee Ke Marcus Neill Oliver Hay Valerie Tang #collingwoodinvestment #melbre #cushmanandwakefield #collingwoodopportunity #forsale #primelocation #melbre #melbournerealestate #cushwake

Property and construction news…..   Telford in Shropshire has been named as one of the most affordable places to rent in England. The list of eight places was compiled by property website iLiveHere. It was the only place in the Midlands to make the list.   Two tall accommodation blocks of seven and fifteen storeys could be built at 52 Gas Street creating 161 apartments. Should the plans be approved the buildings would feature cycle parking, a cinema, co-working space, a lounge and a rooftop terrace. The scheme is called Gather and Soul.   The £4.5m refurbishment at Centre City located on Hill Street/Smallbrook Queensway, has started. The building will include a new café, co-working space, contemplation space and lounge. The building work is expected to be completed by the New Year. Tenants include Citizens Advice, Hitachi, and The Ministry of Justice.   The Prologis Park at Ryton in Coventry is now at full capacity with Furnolic (which trades as Songmics) agreeing a deal on the final unit. The international e-commerce business has signed a ten-year lease. DHL and Jaguar Land Rover are also on the Park.   According to Zoopla, property values are likely to rise more slowly than incomes over the next couple of years. The company said the average house cost is c.£264k but according to its calculations, the affordable price is c.£245k making the average house c.£19k over-valued.   #property #construction #offices #housing

Latest property and construction news…..   78-90 Colmore Row was built in 1917 and subject to planning permission is set to be extended with a single roof-top office space storey which will add 6k sq.ft. to the building. The building will also undergo a refurbishment to improve its energy efficiency and accessibility. A new business lounge, cycle storage and shower facilities will also feature.   Permission has been granted to build a 37-storey residential block on Hagley Road as part of the New Garden Square development in Edgbaston. 462 apartments, commercial and retail space, co-working space, meetings rooms and a gym all feature in the project.   Residents and businesses are being encouraged to take the opportunity to add their thoughts (online) to the proposed multi-million redevelopment of Mell Square in Solihull. The council has appointed Muse Places Ltd as the preferred development partner for the scheme.   According to Birmingham City Council, the delayed box-park big-screen in Perry Barr will be built. The park was originally planned to open in 2022 when the city hosted the Commonwealth Games. The operator has started to move containers on to the site.   A net balance of 30% of property professionals expect house sales to rise over the next few months according to the Royal Institute of Chartered Surveyors. 45% expect to see an increase over the next 12 months.   Birmingham-based property services company Centrick has been appointed by Munich-based AM Alpha to consult on a 220 to rent apartment scheme in Alcester Street, Digbeth. According to UK Finance, 980 homes were repossessed in Q2 of 2024. This was up 8% on the previous quarter and 31% up compared to the same period last year.   #property #construction #housing #offices Photograph: The Belfry Hotel and Resort - The new Masters Suite and additional bedrooms, are under construction.

What types of commercial properties can you invest in? In the USA market, options include office buildings, retail centers, industrial facilities, multifamily apartment complexes, hotels, and healthcare facilities. Each offers unique investment opportunities and risk profiles. 🏢🏬🏭🏨 #RealEstate #Investment #CommercialProperties #PropertyInvestment #USARealEstate

Commercial real estate refers to property that is primarily used for business purposes rather than residential living. It encompasses a broad spectrum of properties, including office buildings, retail spaces, industrial warehouses, hotels.

Commercial real estate refers to property that is primarily used for business purposes rather than residential living. It encompasses a broad spectrum of properties, including office buildings, retail spaces, industrial warehouses, hotels.

Property and construction news…..   Savills has increased its forecast for house price growth based on an improved economic outlook. The company now forecast 21.6% growth by the end of 2028 (previously forecast at 17.9%). If this did happen the average house price would increase to £346k from its current average of £285k.   Firstsource Solutions has agreed a deal for 15k sq.ft. at Tricorn House on Hagley Road. The business process management service company will have desk space for 240 people, a training room, meeting rooms, breakout space and a kitchen.   Sutton Coldfield town centre is set to undergo a major transformation with Birmingham Property Group and SAV Group releasing artist impressions of what The Gracechurch Centre will look like when completed. Two public consultations will now be taking place. The scheme includes 700 apartments, cafes, restaurants and shops. Two thirds of the current site will be demolished as part of the plans with two new squares being created for public events.   Metalor Technologies have submitted plans for a £15m, 22k sq.ft. precious metals facility to be built on Longbridge Business Park. It is hoped that construction will begin before the end of the year.   Photograph: Latest progress at the Beorma Quarter opposite Selfridges in Birmingham   #property #construction #housing #offices #business  

The most profitable areas of real estate investment Commercial Real Estate: Properties like office spaces, retail buildings, and industrial facilities typically yield higher returns due to long lease terms and lower vacancy rates. Residential Rental Properties: Single-family homes and multi-family units provide steady rental income and potential appreciation, especially in growing markets. Short-Term Vacation Rentals: These can be lucrative in tourist-heavy areas, though they require active management. Fix and Flip Properties: Buying distressed properties, renovating them, and reselling can yield quick profits, albeit with higher risks. High-Tenant Properties: Investments like apartment complexes and storage facilities benefit from multiple income streams, enhancing profitability. #realestate #residential #properties #quality #improvements #consulting #training #pentagrace

The latest quarterly report by the Industrial Agents Society has been published with South Wales recording 72 transactions totalling 610,000 sq ft of industrial space. This is a 10% increase on the same period in 2023. There were six deals of over 50,000 sq ft and the largest leasehold deal for the quarter was a 49,517 sq ft letting at Mamhilad Park Estate to Juvela. Commercial property agents JLL and Cooke & Arkwright are acting on behalf of Johnsey Estates UK Limited to market available industrial and office space respectively at Mamhilad Park Estate. Kate Openshaw, Senior Surveyor of JLL said: “We have seen a positive start to the year across the South Wales industrial market with robust levels of activity. The recent letting at Mamhilad Park Estate demonstrates one of the key strengths of the site, which is its flexibility to accommodate occupier requirements, coupled with the Landlords desire to work with occupiers to create a solution that accommodates their wants and needs. The team at Johnsey Estates works with occupiers to create tailored proposals that can offer flexibility and continue to work with them as their property needs change, enabling occupiers to futureproof. It is factors like these which are driving the demand we are seeing for space at Mamhilad Park Estate.’’ https://lnkd.in/eSSR9GMT

Quick update on trends we are seeing at the coalface from Steve Berrett and I Vail Williams, across the #southeast #property markets