Latest Commercial Real Estate News

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Ex-servo site offers prime Sunshine Coast views
A former Sunshine Coast service station site with unobstructed beach views is on the market and promises to be hotly contested amongst developers.
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Retail landlords fear surge in competition
Shopping centre managers have expressed concern about rising competition, the threat of online retailing and higher fuel prices, but have been buoyed by interest from international retailers. This article originally appeared on theaustralian.com.au/property.
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$8m tipped for Ball & Chain building
The Hobart real estate agency selling the substantial Ball & Chain building is expecting in excess of $8 million for the heritage-listed complex.
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$25m-plus for rare piece of Bourke St Mall
One of only five privately-owned properties in Melbourne’s entire Bourke St Mall is on the market, with a shop fronting the Royal Arcade listed for the first time in more than 30 years.
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Buy one of the cheapest Bunnings in Australia
They’re one of Australia’s most popular commercial property investments, so Bunnings-leased properties don’t tend to come cheap. Many Bunnings stores sell for well in excess of $10 million, with some selling for as much as $40 …
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Crown dodges $60m in fees on Southbank skyscraper
Crown Casino has dodged State Government planning legislation and saved itself more than $60 million in fees ahead of construction of Melbourne’s tallest skyscraper.
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Tower to ‘bridge gap’ from Docklands to CBD
The tight Melbourne office market is set to get another 28-storey block, after Victorian Planning Minister Richard Wynne approved a second commercial tower for Lendlease’s $2.5 billion Melbourne Quarter project. This article originally appeared on theaustralian.com.au/property.
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Gatwick Hotel confirmed for The Block
The Gatwick Hotel will be transformed on an upcoming season of The Block, after Channel 9 finally confirmed it had bought the notorious rooming house.
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First five-star hotel comes to West Melbourne
West Melbourne’s first five-star hotel will feature a rainforest-inspired lobby, moonscape ceiling and futuristic neon car park.
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