CBRE’s National Auction Platform Sees Over $20 Million in Property Transactions

CBRE’s National Auction Platform has been a roaring success, with over $20 million in property changing hands across various sectors. The platform, which showcases premium assets nationwide and involves multiple CBRE agents, has seen a diverse range of properties come to market.

CBRE Managing Director Mark Lafferty emphasized the strong results achieved through the auction platform, attributing its success to the diverse buyer pool and the belief that we are near the peak of the interest rate cycle. With 11 more campaigns set to launch soon, the momentum shows no sign of slowing down.

CBRE Capital Markets General Manager Adrian Sacco remarked on the increased activity from opportunistic purchasers and the rise in stock levels, leading to the announcement of the third National Auction Series event to be held in Sydney later this year. The positive start to the year is expected to continue, further supporting the success of the auction platform.

The transacted properties include a mix of residential, commercial, and development sites across New South Wales, Victoria, and Queensland. From Neutral Bay apartment blocks to office/warehouse spaces in Victoria and development sites in Queensland, the variety of properties sold highlights the appeal of the National Auction Platform to a wide range of investors.

With the strong performance of the auction platform and the promising outlook for the future, CBRE’s National Auction Platform continues to be a key player in the real estate market, connecting buyers and sellers in an efficient and effective manner.