Hillington Park’s Post

Western Sydney's mid-2024 gross take-up hits 470,000 sqm in the first half of 2024 - Cushman & Wakefield Development activity in and around Kemps Creek in Western Sydney is on the rise, with the potential for just over 1 million sqm of speculative projects expected to enter the market by the end of 2025. Supporting this growth is substantial investment in infrastructure, with approximately $100 billion in funding allocated across Sydney. This includes the recently opened WestConnex project and the new Western Sydney Airport, both of which are set to enhance connectivity and accessibility. In this dynamic environment, Frasers Property Industrial & Aware Real Estate have successfully leased Lot 8 at The YARDS, comprising 15,815 sqm of warehouse and office space, to PIP ANZ Pty Ltd for a seven-year term. The lease was negotiated by Carl Pearce and Fab Dalfonso of Cushman & Wakefield. Michelle McNally CEO of Aware Real Estate, also welcomed PIP ANZ Pty Ltd to The YARDS. “The community being built at The YARDS is exceptional. The estate has been uniquely designed for businesses and employees to thrive with sustainability and innovation at the forefront. This proposition is resonating with the market and is evident through the leading Australian and global customers that continue to sign on at the estate.” Practical completion of PIP ANZ Pty Ltd’s facility is planned for June 2025. More insights on The INDUSTRIALIST > https://lnkd.in/e-3nEZgB COMMO The ASEAN Developer Fiona Neo Andrew Caldwell Alex Vrzic Robbie Zhang Andrew Hanna Matt Gillett Ian Barter Dominic Meese Roland Martin Reini Otter Troy Whalan Hugh Bennett Cloudia Wilson Melissa B. Allan Austin Ryan Parsons RETalk Asia Tony Iuliano Jake Mckinnon Luke Crawford Dominic Brown Caitlyne H. Tom Barnier Nick Mallett David Hall #cushwake #industrialleasing #industrialland #industrialdevelopment #industrialproperty #logisticsrealestate #westernsydney #fraserspropertyindustrial #industrialinvestment #industrialnews #industrialconstruction #industrialdevelopment

Quick update on trends we are seeing at the coalface from Steve Berrett and I Vail Williams, across the #southeast #property markets

📈South East: Q1 Commercial Property Update We have seen a much more positive and stabilising market develop in the South East in Q1 after a lengthy and tumultuous period of change catalysed by the mini-Budget in September 2022. A lot has changed since then, including another Budget! Thankfully we are now seeing positive movement, with opportunities coming onto the market - both in the office and industrial sectors. This is creating a momentum we hope to see continue in Q2 and beyond, as office and industrial agency partners, Charlie Nicholson and Steve Berrett recently discussed with South East Business Magazine. Read more about their expectations for the South East property market ⬇️ https://lnkd.in/eHvMeeY3 #commercialproperty #southeast #commercialrealestate #marketupdate #officemarket #industrialmarket #officeagents #industrialagents #propertyadvisers #propertyconsultancy

The recruitment and cost of living conundrum How much talent will be lost if homes aren’t available? And are mid to small-sized companies the ones feeling the impact the most? Head of Property and Construction Heather Powell alongside Robert Salter, Director in our Global Mobility team, discuss the housing crisis both in Dublin and the UK together with some of the potential solutions to ensure London doesn’t fall foul as a consequence of similar mistakes: https://hubs.la/Q02VXk9N0 #blickrothenberg I #property I #construction I #homes I #talent I #HousingCrisis

Great transformation

The World of Work is Changing. Is Canary Wharf ready? A host of buildings will require renovations to attract new tenants as major occupants depart. Great article and brilliant graphics by Joshua Oliver, ian bott, Bob Haslett, Justine Williams, Caroline Nevitt, Daniel Clark, Irene de la Torre Arenas and Sam Joiner in Financial Times. "A host of buildings will require renovations to attract new tenants as major occupants depart "The shimmering Canary Wharf estate began rising from east London’s derelict Docklands in the late 1980s to provide London with a modern office district. The regeneration project was championed by then-prime minister Margaret Thatcher and became a symbol of the rise of UK financial services after the “big bang” reforms to the City of London. "The first tenants moved in from 1991, with most major banks ultimately decamping from the City. "It has been through previous downturns. A precursor to CWG went bankrupt in 1992, and the estate lost Bear Stearns and Lehman Brothers during the financial crisis — with JPMorgan taking Lehman’s tower. "Today’s difficult transition period was baked into Canary Wharf from the beginning. The banks that took the lion’s share of the wharf’s original offices did so typically on 25- or 30-year leases, often in several buildings. "Three decades later, those long leases are coming up to their expiry dates and the first cluster of buildings, conceived in the late 1980s and early 1990s, have reached an age when everything from windows to elevators and air conditioners will need expensive upgrades." So know what... What we must do is resist the temptation to demolish anything and instead look to refurbish and repurpose. Avoid the embodied carbon, but take the opportunity to address the operational carbon too. Let's make these buildings the exemplars of a more adaptable, more resilient, more flexible and more sustainable built environment. See: https://lnkd.in/egmwY6cF SDG 11 & 13

Last night, the City of Roswell took a bold step forward by approving a Letter of Intent (LOI) with Atlantic Companies to bring a transformative $100M mixed-use development to Hill Street, directly across from City Hall. This innovative project will revitalize a blighted area and create: ✅ 80,000 square feet of office, restaurant, and retail space ✅ Up to 143 multifamily units ✅ 16 beautiful townhomes What sets this project apart is the creative public-private partnership (P3). Through a strategic land swap and ground lease, the City will generate a significant long-term income stream and even participate in the project’s success—rethinking how governments engage in development and revenue sharing. It’s incredible to be part of a team driving big changes for Roswell, pushing boundaries, and building a brighter future for our community. This is not just about development; it’s about innovation, collaboration, and reimagining the possibilities for public and private partnerships. Stay tuned for updates as this exciting project comes to life! #RoswellGA #EconomicDevelopment #PublicPrivatePartnerships #Innovation #CommunityGrowth

Nothing beats getting together face to face to passionately discuss an important topic, which is why it was a pleasure for Almeda and our MD Brady to host a commercial property breakfast this morning at Ashton Gate. A whole range of topics were discussed including: 1. Investment into the Bristol commercial property sector is down but the prognosis is positive thanks to the growing influence of family offices  2. No surprise that sustainability is a big driver for funders, occupiers and employees  3. A lot of office stock has been taken out of supply and many businesses are re-purposing and downsizing as working patterns change  4. Headline rents have hit around £45 per sq ft and there is a noticeable decline in the secondary market and 'scale-up' space 5. Places of the future will be mixed use destinations but the pace of change needs to speed up. Thank you to Derek Quinn , Hollie Ruddle, Andrew Heath , Phil Morton MRICS , Jessica Booz , Sam Brookbank , Patrick Neville , Ian Lambert , Tom Ball and Gareth Mason for taking part. In the coming weeks we'll be producing a report on the findings, so watch this space. #CommercialRealEstate #SustainableInvestment #FutureOfWorkspaces #AlmedaFacilities

Another setback for Canary Wharf! Moody's is set to join the ranks of major tenants, including HSBC and Clifford Chance, bidding farewell to the area. The rating agency will relocate its London HQ to the City of London when its lease at One Canada Square in the Docklands expires in 2026. Their new office at 10 Gresham Street is currently undergoing a major refurbishment by its owner CBRE Investment Management. Scheduled for completion by 1Q 2025, the 145,000-sf building aims to “deliver £7m worth of social benefits” and become “one of the leading sustainable and low-carbon refurbishments” in London. The push to entice employees back to the office has fueled demand for high-quality office spaces in Central London. According to Cushman & Wakefield, the overall vacancy rate in the City and West End stood at 9.75% and 5.14%, respectively, by the end of 2023, compared to 9.9% and 5.7% in 4Q 2022. It’ll be intriguing to observe whether the strategic repositioning of Canary Wharf, involving the development of additional residential buildings, enhancement of retail elements, and a push into life sciences, will shape and transform the area into a 24-hour cluster! Click the link below for the informative Central London office reports by Cushman & Wakefield. https://lnkd.in/ey93RxB5 #commercialrealestate #officeleasing #relocation #preletting #londonrealestate #canarywharf #cityoflondon #westend #centrallondon #competition #bestinclassoffice #greatlocation

An important achievement, achieving energy efficiency and sustainability goals without 'reno-victions', currently a sore topic in housing circles today. With a focus on energy efficiency and sustainability, Colliers Project Leaders | Canada successfully completed a major retrofit of Sherbourne Estates, two 50-year-old apartment buildings in downtown Toronto. Working with Epic Investment Services and an expert project team, Project Leaders transformed these buildings into bright, modern, and comfortable homes – on time and under budget – while ensuring minimal disruption to tenants. Learn how: https://ow.ly/mHkX50SVYBw #ColliersCanada #AccelerateYourImpact #AccelerateYourSuccess