60 Seconds with CRS Property

60 Seconds with CRS Property

60 Seconds with crs PROPERTY

Hello, I’m Lincoln McConnell-Brown and welcome to 60 seconds with CRS.

It is hoped that these regular series of videos will help us share relevant news and tips from the world of CRS Property.

Watch Episode 1: https://youtu.be/zB0FYMjjN8w

Watch Episode 2: https://youtu.be/h8bFPlSoV5c

Watch Episode 3: https://youtu.be/v5QEAQzMfn0

Watch Episode 4: https://youtu.be/DcwhVeU8yls 

Watch Episode 5: https://youtu.be/rUCgT8LwD9g

 

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CRS PROPERTY

Level 4, 256 Queen Street
Melbourne VIC 3000 AUS

Phone: +61 3 9670 1255
Fax: +61 3 9670 3373
Email: contact@crsproperty.com.au

Copyright CRS Property 2021

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Brand New Five Story Building Fully Leased by CRS

Brand New Five Story Building Fully Leased by CRS

BRAND NEW Five Story Building Fully Leased by CRS.

As part of our multi-faceted service delivery, CRS is proud to announce that the property situated at 243 Flemington Road, North Melbourne is now fully leased.

Comprising a ground floor medical centre, café, first floor childcare centre as well as 19 residential apartments, the property was ideally located opposite the hospital precinct on Flemington Road.

Confirming the interest shown in the commercial component of the property and by way of example, CRS Commercial secured Royal Park Medical as the ground floor anchor tenant.  The transaction was finalised with the key tenant undertaking a ten (10) year net lease at a passing rental of $500m2.  Rental reviews were 3% annually with the usual market reviews at commencement of further terms.

Our proactive residential team, CRS Residential has leased the two bedroom apartments at terrific rentals ranging from $580 and $650 per week.  The one bedroom apartments were leased at $390 to $450 per week.

Key to these results were the interest generated via students of the University of Melbourne and from professionals who are based at the opposite hospital precinct.

“Securing key commercial occupants in concert with leasing up the residential spaces enabled members from both our commercial and residential teams to work in harmony to create a fantastic result for our client” said Lincoln McConnell-Brown, Senior Principal and Head of Asset Management for CRS Property.  “The rentals achieved by our residential team set a new benchmark in the North Melbourne area” he added.

CRS was able to bring together key resources across our Commercial, Residential and Marketing teams to produce the optimum result for our client both initially, and long term with ongoing asset management.

For further info, please contact George Petropoulos (Commercial), Cici Yang (Residential) or Lincoln McConnell-Brown (Senior Principal).

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CRS PROPERTY

Level 4, 256 Queen Street
Melbourne VIC 3000 AUS

Phone: +61 3 9670 1255
Fax: +61 3 9670 3373
Email: contact@crsproperty.com.au

Copyright CRS Property 2021

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Melbourne’s first two level supermarket set for development…

Melbourne’s first two level supermarket set for development…

Melbourne’s first 2 level Supermarket set for Development at the $2.8 billion Melbourne Square Project.


CRS Commercial, a subsidiary of CRS Property have recently concluded the landmark leasing of Melbourne’s first 2 level Supermarket to Woolworths Australia.  The outstanding coup to this prestigious project follows months of planning and negotiations since CRS were first engaged as Retail Advisors to the development in 2016.

The store will be constructed over two levels, comprising 1,325 sqm on the ground floor, and 2,610 sqm on level one, providing a total area of 3935 sqm [approx].  This will be the largest Supermarket in the Melbourne/ Southgate precinct in the foreseeable future.

Whilst the commercial terms of the Agreement to Lease are confidential, CRS can verify that Woolworths have recently confirmed their Boards’ approval to the two-level inner-city super store.

The transaction was negotiated by Myles Snow, Principal of Major Projects for CRS. “This was an outstanding opportunity to introduce a unique retail vision with innovative design to this area of Melbourne” he said.

“It will provide a compelling story for launching both stages one and two as the project evolves over the next 12 months.  The stage two development date is yet to be announced” Mr. Snow said.

He expected retail/restaurant interest in stage 1 to be extremely strong, given the overall unique design of the development along with the strong emphasis on quality urban design for the entire Melbourne Square precinct”.

The two-level Supermarket will be serviced by an internal Travelator and passenger lift, and importantly will have a “shopper friendly” layout with a major emphasis on creating a “sense of difference” in the two-level layout.

Snow added, “The Developers of the Melbourne Square project, along with Woolworths, readily identified with our retail vision and in principal, embraced the concept really from day one. The team identified with the conceptual ideas, and saw them as being both innovative, whilst at the same time providing a strong underlying financial model to the retail precinct of the project” he said.

Melbourne Square is currently designed around 6 towers and approximately 3,500 sqm of open space with a projected number of dwellings currently sitting at 2,610. The complex is scheduled to be constructed in 5 Stages with an estimated completion date of 2027.

Further enquiries in regards to this project, please contact Myles Snow of CRS Commercial.

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CRS PROPERTY

Level 4, 256 Queen Street
Melbourne VIC 3000 AUS

Phone: +61 3 9670 1255
Fax: +61 3 9670 3373
Email: contact@crsproperty.com.au

Copyright CRS Property 2021

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Jam Factory Plan in South Yarra Finds Favour

Jam Factory Plan in South Yarra Finds Favour

JAM FACTORY PLAN IN SOUTH YARRA FINDS FAVOUR

CRS Property has completed some extensive transactions in Chapel Street over recent years and welcomes the opportunity for a fresh and vibrant offering to be brought to market.

For information on how CRS Property can assist you with retail sales or leasing, please contact Associate Director Lou Montalti or for Asset Management, Lincoln McConnell-Brown on 9670 1255.

Click the link to read the full article: www.commercialrealestate.com.au/news/jam-factory-plan-in-south-yarra-finds-favour

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CRS PROPERTY

Level 4, 256 Queen Street
Melbourne VIC 3000 AUS

Phone: +61 3 9670 1255
Fax: +61 3 9670 3373
Email: contact@crsproperty.com.au

Copyright CRS Property 2021

FOLLOW US

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information by following us on: