We ensure our clients access more buyers, capital and knowledge to achieve better results, faster. Our key to this capability is the efficient network of communication across our global business, with a particular focus on Asia. Our teams across this key region for Australia have a wealth of knowledge and experience to access new capital and create opportunities for our Australian clients.
OUR SOLUTIONS
Site Selling
Institutional Investment
International Investments
Development Funds Throughs
CASE STUDIES
231 Elizabeth Street, Sydney, NSW
Situation
A fully leased office building to Telstra on a short 2.5 year WALE with 3x5 year options that ideally suited redevelopment to residential (and possibly hotel) in the longer term. Offered by International EOI closed 25/10/2017.
Observation
There has been a noticeable increase in demand from Hong Kong based buyers who see Australia and in particular Sydney as a safe harbour for capital. There has been an increase in enquiry from Malaysia, Korea and Vietnam however most of these buyers are not yet committing to acquisitions. Australian investors, institutions and developers are plentiful and active.
Result
8 written EOI’s received, 3 shortlisted buyers, 2 of which are Asian offshore and 1 Australian Institution. Strong pricing at $342 million.
477 Collins Street, Melbourne, VIC
Situation
A B Grade office building of 19,409 sqm on a site of 1,949 sqm. The building was 98% leased with over 50% expiring in the next 2.5 years. The owner obtained DA approval for a 29,489 sqm GFA mixed use residential, hotel and retail development.
Observation
Record yield for a Melbourne CBD office tower. Sold for $414 million.
17-21 Harcourt Parade, Cremorne, VIC
Situation
A fully leased office building to Telstra on a short 2.5 year WALE with 3x5 year options that ideally suited redevelopment to residential (and possibly hotel) in the longer term. Offered by International EOI closed 25/10/2017.
Observation
There has been a noticeable increase in demand from Hong Kong based buyers who see Australia and in particular Sydney as a safe harbour for capital. There has been an increase in enquiry from Malaysia, Korea and Vietnam however most of these buyers are not yet committing to acquisitions. Australian investors, institutions and developers are plentiful and active.
Result
8 written EOI’s received, 3 shortlisted buyers, 2 of which are Asian offshore and 1 Australian Institution. Strong pricing at $342 million.
59 Goulburn Street, Sydney, NSW
Situation
A B Grade office building of 19,409 sqm on a site of 1,949 sqm. The building was 98% leased with over 50% expiring in the next 2.5 years. The owner obtained DA approval for a 29,489 sqm GFA mixed use residential, hotel and retail development.
Observation
As the property is opposite World Square the interest from ‘Asian’ investors and developers was high. Interestingly the attitude towards this location for office space has noticeably improved and there are now several major cashed up investors keen to acquire assets in the southern sector.
Result
As the property is opposite World Square the interest from ‘Asian’ investors and developers was high. Interestingly the attitude towards this location for office space has noticeably improved and there are now several major cashed up investors keen to acquire assets in the southern sector.
Santos Place, 32 Turbot Street, Brisbane, QLD
Challenges
A major tenant Aurecon Australia, occupying 11,071sqm will be vacating the building at the end of the lease (31/03/2019).
Opportunities
Colliers promoted the supply and demand forecast for the A-grade office market and potential for effective rental growth in the 2019021 period.
Result
4 bids were received following inspections with 10 interested parties that confirmed interest at required pricing.
OFFICE CAPITAL MARKETS
We ensure our clients access more buyers, capital and knowledge to achieve better results, faster. Our key to this capability is the efficient network of communication across our global business, with a particular focus on Asia. Our teams across this key region for Australia have a wealth of knowledge and experience to access new capital and create opportunities for our Australian clients.
OUR SOLUTIONS
Site Selling
Institutional Investment
International Investments
Development Funds Throughs
CASE STUDIES
231 Elizabeth Street, Sydney, NSW
Situation
A fully leased office building to Telstra on a short 2.5 year WALE with 3x5 year options that ideally suited redevelopment to residential (and possibly hotel) in the longer term. Offered by International EOI closed 25/10/2017.
Observation
There has been a noticeable increase in demand from Hong Kong based buyers who see Australia and in particular Sydney as a safe harbour for capital. There has been an increase in enquiry from Malaysia, Korea and Vietnam however most of these buyers are not yet committing to acquisitions. Australian investors, institutions and developers are plentiful and active.
Result
8 written EOI’s received, 3 shortlisted buyers, 2 of which are Asian offshore and 1 Australian Institution. Strong pricing at $342 million.
477 Collins Street, Melbourne, VIC
Situation
A B Grade office building of 19,409 sqm on a site of 1,949 sqm. The building was 98% leased with over 50% expiring in the next 2.5 years. The owner obtained DA approval for a 29,489 sqm GFA mixed use residential, hotel and retail development.
Observation
Record yield for a Melbourne CBD office tower. Sold for $414 million.
17-21 Harcourt Parade, Cremorne, VIC
Situation
A fully leased office building to Telstra on a short 2.5 year WALE with 3x5 year options that ideally suited redevelopment to residential (and possibly hotel) in the longer term. Offered by International EOI closed 25/10/2017.
Observation
There has been a noticeable increase in demand from Hong Kong based buyers who see Australia and in particular Sydney as a safe harbour for capital. There has been an increase in enquiry from Malaysia, Korea and Vietnam however most of these buyers are not yet committing to acquisitions. Australian investors, institutions and developers are plentiful and active.
Result
8 written EOI’s received, 3 shortlisted buyers, 2 of which are Asian offshore and 1 Australian Institution. Strong pricing at $342 million.
59 Goulburn Street, Sydney, NSW
Situation
A B Grade office building of 19,409 sqm on a site of 1,949 sqm. The building was 98% leased with over 50% expiring in the next 2.5 years. The owner obtained DA approval for a 29,489 sqm GFA mixed use residential, hotel and retail development.
Observation
As the property is opposite World Square the interest from ‘Asian’ investors and developers was high. Interestingly the attitude towards this location for office space has noticeably improved and there are now several major cashed up investors keen to acquire assets in the southern sector.
Result
As the property is opposite World Square the interest from ‘Asian’ investors and developers was high. Interestingly the attitude towards this location for office space has noticeably improved and there are now several major cashed up investors keen to acquire assets in the southern sector.
Santos Place, 32 Turbot Street, Brisbane, QLD
Challenges
A major tenant Aurecon Australia, occupying 11,071sqm will be vacating the building at the end of the lease (31/03/2019).
Opportunities
Colliers promoted the supply and demand forecast for the A-grade office market and potential for effective rental growth in the 2019021 period.
Result
4 bids were received following inspections with 10 interested parties that confirmed interest at required pricing.