Commercial Market Update – Docklands Cityscope

The latest research from Docklands Cityscope shows property sales have decreased in the past three months.

Sales recorded in the quarter ending April 2015 totaled $220.5 million, a decrease from the $262.9 million recorded in the three months to January 2015, and from the $566.1 million recorded to October 2014.

This data brings the 12 month total to $1.49 billion, an increase from the $484.6 million recorded the same time last year.

The table below shows sales recorded for the past eight updates of Docklands Cityscope.

Docklands Cityscope Quarterly Sales

 

Recent standout sales in Docklands include:

  • 105 Pearl River Road, Docklands, 440 Docklands Drive, Docklands and 52-90 Waterfront Way, Docklands, The National Ice Sports Centre (known as The Icehouse), a 2-level sporting and entertainment complex, the Harbour Town Melbourne Shopping Centre, a complex of 170 retail outlets over 38,000 sqm and Harbour Town East Car Park, a 7-storey, 1,300-space car parking station, was bought for $142.3 million.
  • 733 Bourke Street, Docklands, The Goods Shed North, an extensively refurbished 1889 heritage building with 11,235 sqm of retail and commercial space, was bought for $76.5 million in a sale arranged by Colliers International and JLL – Melbourne.


Properties for sale in Docklands in April 2015 include:

  • Unit 11R, 223 Harbour Esplanade, Docklands, a retail unit with an area of 180 sqm is for sale at $1.3 million through Lucas Real Estate.
  • Unit G4, 439 Docklands Drive, Docklands and Unit 6G, 439 Docklands Drive, Docklands, a 188 sqm retail premise and a 279 sqm retail strata unit for sale together at $2.5 million through Lucas Real Estate.


Significant leasing opportunities in Docklands in April 2015 include:

  • Ericsson Commercial Tower, 818 Bourke Street, Docklands, a six-level office building above a car park of three split level has a whole floor of 3,815 sqm available for lease through Knight Frank and Colliers International.
  • 720 Bourke Street, a 22-storey, 47,000 sqm office building with 70 car parking spaces has 251 to 11,659 sqm available for lease through Colliers International and Knight Frank.

 

Docklands Quarterly Sales Graph

 

CoreLogic RP Data Commercial


 

Cityscope covers 28 predominantly capital city CBD markets across Australia and New Zealand, providing a rich level of property level data including building attributes, tenancy detail, sales and ownership.For more information on Cityscope or any other CoreLogic RP Data products call 1300 734 318 or visit the website at www.corelogic.com.au/products/cityscope.


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About Commercial Research

CoreLogic RP Data Commercial Cityscope is a web-based service. Access is sold by geographic regions (Cityscope areas). There are 25 geographic regions across Australia (three in New Zealand), clustered around the cities of Sydney, Melbourne, Brisbane, Adelaide, Perth, Canberra and Newcastle. Darwin and Hobart CBD centres aren’t covered. Cityscope Areas in NSW and QLD also include lease expiry data for the most complete commercial coverage available. For more information call 1300 734 318.

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