Leading Wollongong based family office, Quality Green Group (QGG) has made its first property purchase outside of the Illawarra.

Chris Geers has been appointed Managing Director of MMJ Real Estate (WA), with a focus on driving business growth in 2018.  

Chris, who joined the company in 2001 as a trainee valuer while still at university, became Director of Valuations in 2014 and a shareholder the following year.  In his new role as Managing Director of MMJ Real Estate (WA) he is responsible for sales and leasing operations, as well as the company’s valuation business units. 

MMJ Real Estate has today announced the further growth of its national commercial network with the current McGees Sydney office merging with MMJ Sydney’s business.

The addition of the McGees Sydney operations further complements MMJ’s national commercial platform, which currently comprises six offices in Sydney, Melbourne, Brisbane, Perth, Canberra and Wollongong.

This brand new 96 place licensed purpose-built child care centre located at 29 Morwell Street, Yanchep was auctioned this morning and saw 3 parties bid for the sought after investment.

In what sets a new benchmark for commercial asset sales in Wollongong, a 6,719m2 A-grade office building with a sub 5-year WALE has just sold for $33.3 million, reflecting a 7.25% nett yield and approx. $5,000/m2 of building area. The property, 77 Market Street, was sold by MMJ Commercial (Wollongong) on behalf of Medibank Private Limited.