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  • QLD commercial market turns up the heat for Sydney & Melbourne investors

QLD commercial market turns up the heat for Sydney & Melbourne investors

2 December 2015
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Brisbane, 03 December 2015 – Sydney and Melbourne investors are casting their sights to Queensland’s retail investment market, with the $10.5 million sale of a retail asset in the Ormeau Town Centre, the latest property to be scooped up by an east coast buyer.

Located between Brisbane and the Gold Coast, the property at 19 Peachey Road forms part of the Ormeau Town Centre, comprising a two level retail complex anchored by a Woolworths Plus petrol station.

Totaling 1,518sqm, the two level retail centre is tenanted by a range of food and beverage, medical and commercial tenants transacting at a rate of circa $6,900per sqm of building area.

CBRE’s Nick Willis and Michael Hedger negotiated the sale.

“The sale reaffirms the increase in interstate investment and, in particular, the penetration of southern capital into Queensland’s retail investment market,” Mr Willis said.

“We are seeing a number of Melbourne and Sydney based private investors and syndicates actively seeking to grow their property portfolios along the eastern seaboard, with a specific focus on south east Queensland.”

Mr Hedger said the property’s location between south east Queensland’s major metropolitan centres was a key factor underpinning the deal.

“The purchaser was keen to secure a presence in this growing area, which will inevitably capitalise on the continued strengthening of the south east catchment,” Mr Hedger said.

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About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.​

 

 

 

 

 

 

 

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