Colliers Melbourne Metro Sales team transacts two off-market deals in two weeks, capitalising on surging offshore interest.
The Colliers Melbourne Metro Sales team continues to leverage strong offshore relationships, securing two off-market retail transactions in the past fortnight—both acquired by Singaporean investors, highlighting ongoing global demand for quality retail assets within affluent suburbs of Melbourne.
In the latest sale, 12-18 Claremont Avenue, Malvern was sold off market to a private Singaporean investor for $1,850,000, representing a bulding rate of $8,525 per sqm and a yield of 5.73%. The asset sits on a prized 225sqm island site, nestled within a boutique retail strip just off Glenferrie Road and within close proximity to Malvern Train Station.
Lucas Soccio, Executive | Investment Services at Colliers, who negotiated the deal, said, “The result exemplifies the continued strength of Melbourne’s retail investment market—particularly among offshore buyers.”
“We are seeing a noticeable uplift in demand from international capital, particularly from Singapore, seeking secure and well-located retail investments. The Malvern transaction reinforces this trend, and demonstrates the appeal of Melbourne’s inner-suburban retail strips.”
This transaction marks the second in as many weeks to be purchased by Singaporean capital, with Colliers also facilitating the successful off market transaction of 916 Glenferrie Road, Kew.
With offshore interest continuing to rise and strong buyer appetite across the market, current conditions present a compelling opportunity for retail property owners. The Colliers Melbourne Metro Sales team encourages owners to capitalise on this momentum by exploring strategic divestment options.
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