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Buyer to occupy Abbotsford office
Image originally from Realcommercial.com.auAgents of Jones Lang LaSalle and Colliers International have sold an office building in Abbotsford, Victoria.

When in Roma
Image orignally from Realcommercial.com.auA partially-leased banking and retail building in Roma, Queensland, has been sold at auction by agents of Colliers International and Rosenberger Realty.

Surge in South Sydney
Sales over the three months to December 2009 totalled over $76.2 million, an increase from the $49 million recorded in September 2009, though not reaching the $138.1 million recorded in June 2009.The latest research from Cityscope regarding sales in South Sydney’s major commercial centres has found the market rising again, repeating the pattern of previous quarters.

Under the hammer in Everton Hills
Image originally from Commercialrealestate.com.auAn office and warehouse property in Everton Hills, Queensland, has been sold at auction by agents of Raine & Horne Commercial.

Adelaide bank bought
Image originally from Realcommercial.com.auA former banking chamber in Adelaide, South Australia, has been sold at auction by agents of Brock Commercial in conjunction with Gaetjens Real Estate.

New in Carrum Downs
Built by Elite Property Group at 39 Colemans Road, Carrum Downs, the property is located on a corner site in the Parks Industrial Estate.A brand new office and warehouse project in Carrum Downs, Victoria, is being marketed for sale or lease by agents of Crabtrees Real Estate.

Fund sells Perth office
Colonial First State Property, manager of the Commonwealth Property Office Fund, has announced that it has entered into an unconditional contract to sell 16 Parliament Place, West Perth.An office building in West Perth, Western Australia, has been sold by an office fund as part of a debt retirement strategy.

Macquarie Park market slows
Sales over the three months to December 2009 totalled over $27.2 million, a decrease from the $42.9 million recorded in September 2009 and the $27.6 million recorded in June 2009.The latest research from Cityscope regarding sales in Macquarie Park’s major commercial centres has found the market to sliding back down from the upward trend recorded in the the previous quarters.

Deal made in Law Court
The building at 8 Law Court, Sunshine, was sold subject to a lease to Hammelmann Australia for seven years, backed by a six month bank guarantee and annual 4% increases.An office and warehouse property in Sunshine, Victoria, has been sold after auction by agents of CVA Property Consultants.

Chosen in Chatswood
Image originally from Realcommercial.com.auThree new leases have been signed for space in a Chatswood office building, bringing it close to its full office capacity.

Return of investor sentiment
The survey, conducted in October amongst investors controlling more than $121 billion of real estate, paints a very different picture from twelve months ago, when sentiment towards commercial property investment was experiencing a rapid decline, with investors now optimistic of both short and medium term gains.The Jones Lang LaSalle 2009 Survey of Investor Sentiment has found that short-term commercial investor sentiment has sharply reversed from 2008, with respondents expecting improved investment performance and transaction volumes in 2010.

New deals in North Melbourne
Vantex is understood to have been acquired by US giant Ingram Micro as part of its strategies to expand its global presence.A retail point-of-sale distributor is planning a relocation following its recent acquisition and has sold two of its North Melbourne properties through agents of ICR Property Group.

Brisbane market to recover
While 2009 has found to have been a challenging year for Brisbane commercial property by agents of Jones Lang La Salle, activity at the close of the year exceeded most expectations held at the beginning, with signs of the emerging recovery set to gain momentum in 2010.

Gold Coast grows
Research by Cityscope in the three months to December 2009 recorded 57 sales for a total of $146.6 million, with $29.5 million of this being commercial, $14.5 million commercial strata, $35.6 million retail and $32.2 million retail strata, with $34.8 million of other sales.The latest research from Cityscope regarding sales in the Gold Coast’s major commercial centres has found the market to be continuing to rise in accordance to the precedents set in the previous quarters.

Chatswood drops off
Sales over the three months to December 2009 totalled over $19.7 million, a decrease from the $27.1 million recorded in September 2009 but an increase from the $8.7 million recorded in June 2009.The latest research from Cityscope regarding sales in Chatswood’s major commercial centres has found a drop in the market from the jump in sales recorded in the previous quarter.

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