Commercial
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LeaseInfo, Australia’s largest provider of retail leasing data, has launched Accurait, an advanced digital lease extraction platform set to revolutionise the management of leasing contracts. Accurait is the first in Australia to use artificial intelligence (AI) and machine learning methods as part of the automation process for commercial lease abstraction. The methods were developed in partnership with CSIRO’s Data61, with…
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Savills Australia has brought James Girvan on to the capital transactions team. It’s a return to Savills for Girvan, who brings 13 years’ experience in commercial property agency and valuations to the role. Relocating from Sydney to Melbourne for the role, Girvan has overseen over $3 billion worth of commercial property transactions. Those transactions include 231 Elizabeth Street for a…
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“There are many hundreds of commercial sales agents in Western Australia, so this is a terrific win for Anthony and testament to his hard work and strategic commitment to selling commercial real estate over many years,” said Terry Menage, Director, Raine & Horne Commercial WA. “Anthony’s point of difference is that he has undertaken a great deal of pre-sale work…
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Investors looking for commercial property in Australia are one step closer to finding the right place for them thanks to ‘Invest’, a new digital search experience launched by realcommercial.com.au. One-in-four people visiting realcommercial.com.au are searching for a property to buy as an investment1, with demand highest in Melbourne, Sydney and Adelaide. The new search experience is a key part of…
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Realm Adelaide developers, Parallel Property have announced that Maxcon is the successful builder who will be responsible for bringing Adelaide’s tallest tower, the $200m 40 story Realm Adelaide building to life. Set to change the Adelaide skyline forever, construction on Adelaide’s most exciting residential building project will start next month and the building will be completed by early 2020. Marcello…
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The regeneration of Sydney CBD is underpinning a relatively favourable period for secondary rental growth, making the commercial property market particularly attractive, according to commercial, retail and industrial real estate agency Gunning, led by REIA president Malcolm Gunning. Gunning leasing, sales and brokerage agent Simon Larkins said that, at a time when smaller tenants are becoming more active in the leasing market,…
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Raine & Horne Commercial Toowoomba will be led by Andrew Lynch, principal of Raine & Horne Toowoomba, the group’s best Queensland office based on number of sales and transaction dollar value. The new office will be located in a purpose-built facility at the rear of 611 Ruthven Street, Toowoomba. “Raine & Horne has been part of the furniture in Toowoomba…
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A Polish company has created a handy tool for commercial real estate, allowing real-time analysis of foot traffic in various indoor spaces. Indoorway released their app to “smarten up brick and mortar buildings” and enable precise analysis of foot traffic within retail, office, industrial, public and transit locations. They say that although the smart city trend is constantly increasing, businesses…
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Australia’s apartments pacesetter, Harry Triguboff, is paying no attention to talk of a Sydney market slowdown by unveiling his Meriton group’s plans to release three new projects, collectively worth more than $1 billion, before Christmas. The projects are in Dee Why, Rosebery and Mascot and they are coming on to the market on the heels of Mr Triguboff launching the biggest…
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A number of positive announcements by the NSW Government are set to have a lasting impact on the long term stability of Newcastle City, according to Steve Dick, Co-Principal of Raine & Horne Newcastle. In September, University of Newcastle entered into discussions with the NSW Government[i] about acquiring an additional two hectares of land in three parcels behind Wright Lane…
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A significant parcel of commercial land in southern Brisbane has been secured by premium aged care provider Arcare for a sizeable seven figure sum. “The 8,797 square metre site located at 4 Pauline Avenue, Springwood, which is the former home of Springwood Bowling Club, is one of the largest parcels in the Springwood area, which is part of the Logan City…
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Bondi Beach has become an iconic national brand that will outstrip Paddington and Surry Hills in popularity, according to leading real estate agency Gunning. Gunning Principal Malcolm Gunning said people are beginning to choose Bondi over Paddington and Surry Hills because of the unique offering that Bondi presents. “Bondi is a destination that gives people the ability to be able…
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For the past six weeks apartments in Hindmarsh’s new Idalia development have sold at the rate of around three every week with a cross section of buyers – led by young professionals – vying to be a part of Woden’s transformation. Idalia is now over 70% sold, an impressive result that demonstrates not only the sophistication and quality of the…
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Property portal CommercialVIEW.com.au is targeting Queensland as part of the next phase of its national expansion. CommercialVIEW CEO Daniel Bignold said we are offering commercial real estate agents in Queensland a new viable alternative to the major media portals. “Our launch event in Brisbane last night, supported by Macquarie Bank and the Real Estate Institute of Queensland, saw CommercialVIEW incredibly well received by…
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