{"id":39549,"date":"2024-10-17T17:07:28","date_gmt":"2024-10-17T10:07:28","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=39549"},"modified":"2024-10-18T10:29:14","modified_gmt":"2024-10-18T03:29:14","slug":"this-shopping-complex-is-australias-hottest-commercial-property-and-further-updates","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/this-shopping-complex-is-australias-hottest-commercial-property-and-further-updates\/","title":{"rendered":"This shopping complex is Australia\u2019s hottest commercial property, and further updates"},"content":{"rendered":"
\"\"
Image from realcommercial.com.au<\/figcaption><\/figure>\n

For PropertyGuru\u2019s real estate news roundup, Australian commercial property investors are expected to hotly pursue this Hobart asset when it hits the market. In other news, Thailand\u2019s electric vehicle industry will have implications for the country\u2019s commercial real estate industry. Lastly, the Department of Human Settlements and Urban Development (DHSUD) of the Philippines said its national housing programme transforms communities into resilient and sustainable living spaces.<\/p>\n

AUD50 million: Cutting-edge shopping complex to test Australian retail sector<\/b><\/p>\n

Commercial property investors are expected to hotly pursue this Hobart asset when it hits the market.<\/p>\n

Opened in August 2022, Glebe Hill Village will test investor demand in the retail sector, with what is described as \u201cone of Australia\u2019s finest neighbourhood shopping centre developments\u201d. The Tipalea Partners development will be offered for sale exclusively by JLL directors, Stuart Taylor, Jacob Swan and Tom Noonan. It will be sold via an expression of Interest campaign.<\/p>\n

The owners are seeking a price circa AUD50 million.<\/p>\n

JLL\u2019s Stuart Taylor said the centre represents an asset of unparalleled quality, a level of craftsmanship unseen in the neighbourhood sector. \u201cWe are expecting significant national and offshore interest in this campaign from a range of purchaser types, primarily due to the quality and performance of the asset, but also because there is a major undersupply of quality assets to the market,\u201d he said in realcommercial.com.au<\/a>.<\/p>\n

Thailand\u2019s electric vehicle industry to power commercial real estate – JLL<\/b><\/p>\n

Thailand is well positioned to become Southeast Asia\u2019s leading market for electric vehicle (EV) manufacturing and innovation which will have implications for the country\u2019s commercial real estate industry. According to JLL, the potential for sustained growth in Thailand\u2019s EV industry, backed by government policies and foreign investment, will create an addressable real estate market of least USD6.5 billion (THB220 billion) by 2030, to support the country\u2019s emergence as a regional manufacturing and innovation leader in the space.<\/p>\n

In a RETalk Asia<\/a> report, JLL\u2019s forecast for the size of the real estate market required to support Thailand\u2019s EV industry is based on several key developments in this space. The implementation of the Government of Thailand\u2019s ambitious 30@30 policy, which aims for 30 percent of all vehicles made in Thailand to be electric by 2030, will frame the real estate requirements of the sector from now onward. The 30@30 policy initiative includes substantial subsidies, tax cuts, and the EV 3.5 incentive package covering 2024-27.<\/p>\n

\u201cThailand has made a clear statement through the implementation of the 30@30 policy and EV 3.5 package \u2013 we have the ambition and the drive to become the leading EV manufacturing hub in the region. The incentives are incredibly appealing to investors, manufacturers and suppliers operating in the EV industry, but for the potential of this industry to be fully realised at a national level, the role of commercial real estate to form the backbone of the longer-term sustainability of the market cannot be understated,\u201d said Michael Glancy, Managing Director, Thailand and Indonesia, Jones Lang Lasalle (JLL).<\/p>\n

Philippines: DHSUD features fair housing and urban renewal on National Shelter Month<\/b><\/p>\n

The Department of Human Settlements and Urban Development (DHSUD) said the national housing programme transforms communities into resilient and sustainable living spaces.<\/p>\n

A week-long fair is part of the celebration of National Shelter Month with the theme, \u201cMatibay na Tahanan, Matatag na Komunidad Para sa Bagong Pilipinas\u201d.<\/p>\n

\u201cUnder these programmes, we will push for ‘New Communities for New Citizens’ who care for their fellowmen, surroundings, and the nation,\u201d DHSUD Secretary Jose Rizalino Acuzar said in PNA<\/a>.<\/p>\n

Through the Pambansang Pabahay para sa Pilipino (4PH) Program, the PLANADO (Plan & Do) Program and the Pasig Bigyang Buhay Muli (PBBM) project, the DHSUD ensures collaboration between the public and private sectors to “further propel vibrancy in the housing and real estate industry.”<\/p>\n

The Property Report editors wrote this article. For more information, email: <\/i>propertyreport@propertyguru.com<\/i><\/a>.<\/i><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Australia\u2019s hot retail property, Thailand\u2019s EV market, Philippines\u2019 National Shelter Month<\/p>\n","protected":false},"author":12,"featured_media":39550,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[840,4101,3519,2382,3802,638],"class_list":["post-39549","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-commercial-property","tag-electric-vehicles","tag-government","tag-housing-programme","tag-news-roundup","tag-real-estate","news_country-australia","news_country-philippines","news_country-thailand","news_author-property-report"],"acf":[],"yoast_head":"\nThis shopping complex is Australia\u2019s hottest commercial property, and further updates | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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