Australian commercial real estate (CRE) investment grew further in Q3 2024, with $11.5 billion in transactions, up from $9.5 billion in Q2. This marks the first two consecutive quarters of growth in CRE transaction volumes since 2020.
The retail sector led the charge in Q3 with its strongest performance since 2021, attracting $3.8 billion in investments. This was supported by the sale of several large shopping centres, including Westpoint Shopping Centre in Blacktown for a reported $900 million – the largest standalone retail transaction in Australian history.
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Australia Capital Markets Marketbeat Report
29/10/2024
MARKETBEAT REPORTS
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