Northern Suburbs Commercial Centres Lead the Way

The nine suburban central business districts in the Northern Suburbs of the Illawarra are continuing to show the benefits of increased tourist visitation and a sustained residential population growth. Evidence of these thirving conditions is the sale made by MMJ Wollongong of 43-45 Princes Highway, Fairy Meadow. This transacted prior to auction, to an established local investor at a record yield of 4.2% net.  

Northern Suburbs Commercial Centres Lead the Way

Northern Suburbs Commercial Centres Lead the Way

The nine suburban central business districts in the Northern Suburbs of the Illawarra are continuing to show the benefits of increased tourist visitation and a sustained residential population growth. Evidence of these thirving conditions is the sale made by MMJ Wollongong of 43-45 Princes Highway, Fairy Meadow. This transacted prior to auction, to an established local investor at a record yield of 4.2% net.  

#LEASED Agent helps long-time owner mitigate risk with purpose-designed refurb.

#LEASED Agent helps long-time owner mitigate risk with purpose-designed refurb.

Long-time owner-occupiers, Pivot Point, recently sought advice to maximise the potential of their vacant property located on Lonsdale Street in the Melbourne CBD. MMJ Real Estate's Melbourne office was appointed to consult on the refurbishment and leasing of the property which had been used for many years as a hairdressing school.

Canberra offices back in investor frame

Canberra offices back in investor frame

Canberra’s office market is again on the radar of local institutions, which wracked up a busy second half in 2017 after foreign buyers had set the early pace.  In two of the most recent deals, financial services group Challenger swooped on a Childers Square office tower and superannuation fund-backed manager ISPT picked up a complex in Barton in the parliamentary triangle.

New Role for Chris Geers at MMJ Real Estate

New Role for Chris Geers at MMJ Real Estate

Chris Geers has been appointed Managing Director of MMJ Real Estate (WA), with a focus on driving business growth in 2018.  

 

Chris, who joined the company in 2001 as a trainee valuer while still at university, became Director of Valuations in 2014 and a shareholder the following year.  In his new role as Managing Director of MMJ Real Estate (WA) he is responsible for sales and leasing operations, as well as the company’s valuation business units.