Commercial Property Investment

Property magnate Tim Gurner says developers are “kidding themselves” if they try to launch apartment projects of 300 units or more in Sydney or Melbourne amid an exodus of Chinese buyers and a collapse in immigration caused by the COVID-19 pandemic.

Childcare centres remain in strong demand as commercial property investors target essential services sectors during the coronavirus pandemic, with seven centres among $87 million worth of properties sold in the first big portfolio auctions of the year.

One of the Blue Mountains’ most spectacular estates set on a 20ha holding has hit the market with a price tag of about $2.5m.

Heritage-listed and older-style properties across the country took out four of the top 10 spots on realcommercial.com.au’s most-viewed listings this week, proving the past is still a powerful drawcard.

Vicinity Centres, the co-owner of Melbourne’s landmark Chadstone shopping centre, has praised the Victorian government’s handling of the coronavirus pandemic, calling the public health response “world-leading”.

A SYDNEY-based syndicator has swooped on its fourth southeast Queensland asset snapping up an A-grade office building in the heart of the Ipswich CBD.

The collapse of a $3bn-plus bid for Link Group looks to have largely come down to price rather than any glaring red flags.

The corporate regulator has frozen an allegedly illegal $11.3m property investment scheme operating in Perth, after police and investigators swooped on organisers.

Global insurance and investment company Swiss Re will put a massive commercial property portfolio on the block in a move that could garner it more than $1bn.