logo redirect pin user minus plus fax mobile-phone office-phone data envelope globe outlook retail close line-arrow-down solid-triangle-down facebook globe2 google hamburger line-arrow-left solid-triangle-left linkedin wechat play-btn line-arrow-right arrow-right solid-triangle-right search twitter line-arrow-up solid-triangle-up calendar globe-americas globe-apac globe-emea external-link music picture paper pictures play gallery download rss-feed vcard account-loading collection external-link2 internal-link share-link icon-close2
Australia
  • Global
  • United States
  • Angola
  • Argentina
  • Australia
  • Austria
  • Bahrain
  • Baltics
  • Belgium
  • Brazil
  • Cambodia
  • Canada
  • Chile
  • Colombia
  • Czech Republic
  • Denmark
  • Egypt
  • Finland
  • France
  • Germany
  • Ghana
  • Greece
  • Hong Kong
  • Hungary
  • India
  • Indonesia
  • Ireland
  • Israel
  • Italy
  • Japan
  • Kazakhstan
  • Kenya
  • Korea
  • Latin America / Caribbean
  • Luxembourg
  • Mainland China
  • Malaysia
  • Mexico
  • Morocco
  • Netherlands
  • New Zealand
  • Nigeria
  • Norway
  • Oman
  • Pakistan
  • Panama
  • Peru
  • Philippines
  • Poland
  • Portugal
  • Romania
  • Russia
  • Saudi Arabia
  • Singapore
  • Slovakia
  • South Africa
  • South Eastern Europe
  • Spain
  • Sweden
  • Switzerland
  • Taiwan
  • Thailand
  • Turkey
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • Venezuela
  • Vietnam
Log In
  • Global Intranet
  • myCBRE
  • Services
    • Business Lines
      • Advisory & Transaction Services
      • Asset Services
      • Capital Markets
      • Global Workplace Solutions
      • Valuation & Advisory Services
      • Investment Management
    • Industry & Specialties
      • Office
      • Industrial & Logistics
      • Retail
      • Residential
      • Agribusiness
      • Building, Depreciation & Cost Consultancy
      • Government Real Estate Advisory & Transactions
      • Hotels
      • Sustainability
      • Retirement & Healthcare
    • Services for Investors
      • Debt and Structured Finance
      • Experience Services (CBRE 360)
      • Institutional Investments
      • International Investments
      • Investment Advisory
      • Structured Transactions & Advisory
      • Leasing & Advisory
      • Metropolitan Investments
      • Property Management
      • Property Sales
      • Recovery & Restructuring
      • Valuation & Advisory
    • Services for Occupiers
      • Enterprise Facilities Management
      • Experience Services (CBRE 360)
      • Leasing & Advisory
      • Occupier Consulting
      • Portfolio Services
      • Project Management
      • Sale and Leaseback
      • Structured Transactions & Advisory
      • Transaction Management
      • Valuation & Advisory
      • Workplace
  • Properties
    • Agribusiness
      Hotels
      Industrial & Logistics
      Institutional Investments
      Metropolitan Investments
      Office
      Residential
      Retail
  • Research & Reports
    • About Research
      Australia Research Archives
      Asia Pacific Research
      Global Research Gateway
  • People & Offices
    • Executive Committee
      Local Office Leadership
  • About CBRE
    • Careers
      Case Studies
      Corporate Information
      Corporate Responsibility
      Investor Relations
      Client Tools
      Media Centre
      The Place Makers
      CBRE Who are we?

Previous

Fresh result for hotly contested Yarraville auction

Next

Melbourne market runs red hot in lead up to summer
  • Home
  • About CBRE
  • Media Centre
  • IT firm secures $2.74m slice of South Melbourne

IT firm secures $2.74m slice of South Melbourne

13 December 2015
  • Email
  • Share
  • Tweet
  • Share

Melbourne, 14 December 2015 – A private investor has sold a premium freehold building in South Melbourne for $2.74 million.

Situated in a highly sought after inner-city bayside location, 93-95 Palmerston Crescent comprises a 530sqm three level freestanding building with rear site access and eight onsite car parks.

CBRE’s Paul Tzamalis in conjunction with Nick Lower and Tim Last who negotiated the sale to a multinational IT firm, said the property’s premium location was a key factor underpinning the sale.

“Located within walking distance of the Melbourne CBD, arts and sporting precincts, as well as the Crown Entertainment complex, this property represented an outstanding investment opportunity,” Mr Tzamalis said.

“Sold with vacant possession, this property holds scope for future development, particularly given the strong demand for residential and commercial space in the South Melbourne precinct.”

The property is positioned on 248 metre site and benefits from unobstructed views towards the CBD from levels one and two.

For Australian/international news or global stories, follow us on Twitter.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.​

 

 

 

 

 

 

 

 

 

Media Contacts

Kathryn House Headshot
Kathryn House
Communications Director
Pacific
+61 2 9333 3585
  • Corporate Information
  • Corporate Responsibility
  • Media Centre
  • About CBRE
  • Careers
  • Case Studies
  • People & Offices
  • Executive Committee
  • Investor Relations
  • Contact Us
  • Australia Privacy Policy
  • Privacy Policy
  • Australian Job Applicant Privacy Policy
  • Sitemap
  • Terms of Use
  • Instagram
  • Facebook
  • Twitter
  • LinkedIn
  • Google