The Reserve Bank has kept rates on hold at 2% for yet another month, with record rates staying in place since May. Economist had widely predicted the RBA would not make a move on rates with Christmas looming, but suggested a cut could be on the cards for the New Year given global economic conditions. […]
CityBeat | November 2015
MMJ Real Estate City Beat Publication for November 2015… MMJ Real Estate produces the CityBeat publication monthly. The newsletter acts as a snapshot into the commercial market listing sales and leasing transactions of interest at the most up to date financial market indicators.
Loyal Lieutenants take equity stake in MMJ Real Estate Business
MMJ Real Estate Perth, is pleased to announce long time employees Mr Chris Geers and Mr Simon Hannam have become equity partners. Mr Geers, currently Director of Valuations, has been with MMJ close to 14 years having joined as a cadet valuer. Mr Geers is a Certified Practising Valuer and Registered Sales Representative. He […]
MMJ Real Estate announces new Melbourne office as it continues the expansion of its national commercial network.
MMJ Real Estate has announced the opening of a key CBD commercial office in Melbourne, bolstering the company’s rapidly expanding national network. The addition of the Melbourne office completes MMJ’s east coast offering, with its commercial platform now comprising of six offices in Sydney, Melbourne, Brisbane, Perth, Canberra and Wollongong. MMJ Real Estate Chief Executive, […]
MMJ Wollongong September Auction
The Ilawarra’s property market showed no signs of slowing down last night with 7 properties up for Auction last night at the MMJ Wollongong event. The event was held at Wollongong Golf Club and saw residential land, commercial buildings, a sea-side house and CBD apartments go under the hammer. Auctioneer Daniel Hastings said that there […]
Iconic Yass Highway Service Centre Sells for $23 million
AMP Capital Investors, on behalf of the Property Income Fund, has sold the Yass Highway Service Centre for circa $23 million, reflecting a passing yield of approximately 8%. The property which is underpinned by a new 10 year lease to Caltex for 70% of the passing income, is the last of the properties to be […]
Development Developments 16
Bringing you the latest Canberra commercial property development news. Development Kicks off at University of Canberra The ACT Government is set to approve a raft of legislative changes to facilitate up to $1billion worth of commercial and residential development at the UC’s campus. The variations to the Crown Lease and Territory Plan will allow various additional […]
Auction results update
Further to our recent issue of Development Developments, we can now report on auction results of development sites listed below: COOMBS Three multi unit sites sold at auction last week: Block 1 Section 28 – 1.16ha – SOLD for $6.4m Block 1 Section 40 – 1.31ha – SOLD for $6.9m Block 1 Section 38 – […]
Development Developments 15
Welcome to 2015 and our first client update for the year. We look forward to continuing to bring you the latest Canberra commercial property development news. Upcoming Development Site Auctions KINGSTON – The largest development site on Kingston Foreshore is to be auctioned on 31st March 2015. The mixed use site is zoned CZ5 and […]
Development Developments 13
Bringing you the latest Canberra commercial property development news. The Canberra Times last week featured a report on the next stage of the Constitution Avenue upgrade. Read the update here. Two lake front development sites in Yarralumla were purchased by Canberra Girls Grammar School for a total of $1,780,000.Blocks 15 & 16, Section 17 […]