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Sydney soars to seventh for global investment
Sydney has arrived as a global investment hub, dragging $7.2 billion of offshore investment into its commercial property market last year and placing it seventh on a list of global cities for foreign investment. This article originally appeared on theaustralian.com.au/property.
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Hotel, restaurant: Owner walks away from 10-year labour of love
The owner of historic Claremont House has put the Victorian Italianate mansion on the market.
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Shopping centre appetite continues in Melbourne’s southeast
A shopping centre in Melbourne’s southeastern suburbs has sold for more than $30 million to a new entrant to the market. This article originally appeared on theaustralian.com.au/property.
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Hotels told to lift game for Chinese tourists
China will overtake New Zealand as Australia’s biggest source of international visitors, pumping $13 billion into the economy by 2020, but a global study says local hotels are far from ready. This article originally appeared on theaustralian.com.au/property.
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Nine Good Guys stores fetch good, good price in monster deal
Nine retail outlets leased to bulky goods chain The Good Guys have been sold for $92 million, in a series of deal spanning four states and involving multiple buyers.
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Towering ambition for $50m Box Hill site
Another towering residential development is a step closer in Melbourne boom suburb Box Hill, with a developer paying almost $50 million for a site with permits in place. Local developer CBD Development Group trumped overseas buyers …
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Mirvac launches tech hub at Sydney’s Locomotive Workshops
Mirvac Group has become the latest landlord to embrace the hi-tech sector, launching Hoist, which it is pitching as a co-working partnership with incubator York Butter Factory, starting at the Australian Technology Park in Redfern in inner city Sydney. This article originally appeared on theaustralian.com.au/property.
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Hong Kong developer to build luxury Swissotel hotel on Gold Coast
Aggressive Hong Kong developer Golden Horse Group has committed to building a $60 million luxury hotel on the Gold Coast’s Hope Island, signing with Accor over the 150-room property, which will be branded a Swissotel. This article originally appeared on theaustralian.com.au/property.
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The Pantry owners branch out in Brighton
The owners of Brighton culinary institution The Pantry will open a second eatery just metres away, after leasing a new space. What form the new cafe and restaurant takes at the upmarket bayside Melbourne suburb is yet to …
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