melbourne office market
Investor pays $1.075m for Queen St office floor
LOCAL investor Mark Gurry has paid $1.075 million for a 419 sqm office floor at 20 Queen St in the Melbourne CBD. ... Full story
Plenty of deals still to be done in Melbourne
CBRE estimates that $800 million worth of Melbourne CBD office property investments will change hands this year. ... Full story
Perth CBD offices will soon command $1k per sqm
PERTH CBD A-Grade office rents have skyrocketed by 19% to $694 per sqm over the 12 months to March 2012 and it is only a matter of time before it breaks the $1,000 per sqm barrier, according to Colliers International. ... Full story
Ballieu gung-ho on $6bn West Melb redevelopment
THE Victorian Ballieu government is pressing ahead with its plans for the $6 billion redevelopment of the 23 ha E-Gate rail yard site in West Melbourne in two years time. ... Full story
Valad offers up 575 Bourke St
MELBOURNE'S office market is set to be tested for the first time this year with the offering of 575 Bourke St by the newly privatised Valad Property Group. ... Full story
Office vacancy steady but Perth tightens further
THE vacancy rate across CBD office markets has remained steady at 7.2% in the Q1. However in the Perth CBD, there is an acute shortage of space as vacancy levels fall to just 2%, according to Jones Lang LaSalle. ... Full story
Centuria makes a mint from St Kilda Rd sale
THE Centuria Direct Property Fund has sold an office building at 607 St Kilda Rd for $28.54 million, 10% above the current book value. ... Full story
Office rents poised to increase by 3.8% pa
PRIME net face rents are forecast to increase by 3.8% across Australia per annum during the 2012-2016 period, led by the Perth CBD market, according to CBRE. ... Full story
Legal eagles swoop on William St strata
A GROUP of barristers have paid $1.29 million for a strata office suite at 271 William St in the Melbourne CBD. ... Full story
Centuria snaps up St Kilda Rd office
CENTURIA Property Funds has bought an office building at 441 St Kilda Rd Melbourne for $58 million from the Dexus managed AXA Wholesale Australian Property Fund. ... Full story
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