Top brokerage firms of the global commercial real estate market in 2019 have been named by Real Capital Analytics (RCA). Analysis found that Colliers holds the highest market share for retail investment in both Australia (34%) and Asia Pacific Region (25%).
Colliers were involved in 83% of all retail deals valued at over $100 million in Australia. The team also handled 100% of all regional centre transactions; 78% of all CBD retail centres and 56% of all sub regional centres.
“The Colliers Retail Investment Services team had a productive 2019, which enabled us to work strategically with key clients to accelerate their success across Australia and the Asia Pacific market,” said Lachlan MacGillivray, Head of Retail Investment Services Australia at Colliers.
“Underpinning these results were several major transactions which the team were responsible for, including the sale of 50% interests in Australia’s three largest retail transactions; Westfield Burwood, NSW for $575 million on behalf of Scentre Group, Westfield Marion, SA for $670 million on behalf of Lendlease managed APPF Retail and Garden City Booragoon, WA for $575 million on behalf of AMP ADPF.”
“These last 12 months point to a return of stronger conviction in the retail investment market, primarily led by strategic long-term investors.”
The list from RCA is based on properties valued at $10 million USD and over with currency conversion done as an average of currency during the month of transaction.