Capital injection into Melbourne CBD office upgrades during pandemic pays off
Retaining 98 per cent of tenants during the pandemic Riverlee Managing Director Kevin Lee says that the capital expenditure demonstrates the company’s long-term asset management strategy.
Australian Commercial Property Outlook 2020 by Matt Tiller Head of Research LJ Hooker Group
Matt Tiller Head of Research, LJ Hooker Group told, COMMO, “there are no shortage of both domestic and offshore investors vying for Australian commercial property assets. The good news is that the longer-term GDP outlook for Australia is very positive. Stronger growth is forecast for 2022”.
Third Quarter dealmaking jumps as investors turn to office, retail properties; Year-to-date deal activity sweeps past 2020 total
Deal volume for the first three quarters of 2021 reaches $43 billion, already eclipsing full year 2020 level. Benjamin Martin-Henry, RCA’s Head of Analytics, Pacific, said: “After a slow start to the year, the office sector is now flourishing.”
Knight Frank Australia's Sustainability Division Appointed by Commonwealth Bank
CJ Harshana Wijewardane, Knight Frank Australia’s National Head of Sustainability & Technical Services said,”It’s great to be collaborating with Commonwealth Bank in a partnership that has such a positive purpose and aligns so closely with our values of collaboration, partnership, and making...
London, New York provide post-pandemic roadmap for Australian cities - Savills Report
New data shows commercial vacancy rates of key northern hemisphere cities are inversely impacted by vaccination rates: as vaccination goes up, mobility increases, investment increases and commercial vacancy declines.
CBA supports Charter Hall with Australia’s first Green Development Loan
Commonwealth Bank recently served as sole financier and green coordinator on what is expected to be Australia’s first-ever Climate Bond Initiative-certified Green Development Loan, supporting Charter Hall Group’s 480 Swan Street development in Richmond, Victoria.
Perth offices are being snapped up as confidence returns to the market - Ray White Commercial (WA)
Western Australia’s stringent border control and minimal lockdowns have been instrumental in bringing the workforce back to Perth’s CBD and West Perth, boosting the city’s office markets.
Tenants space use demands have changed, and landlords are listening says JLL Perth
Scales still tipped in favour of tenants - Perth’s office vacancy remains at over 19%, despite a strong WA economy and an uptick in leasing activity says Andrew Campbell JLL Head of Tenant Representation (WA).