Latest Commercial Real Estate News

The Great Western. The Corkman. The Stork. The Greyhound. The Town Hall. The Exchange. To some, they were cultural institutions that deserved better; to others, struggling businesses sitting on valuable land.

If ever there was a shining example of the astronomical prices buyers will pay for retail on prime capital city streets, this is it.

Sydney funds manager Mandala Asset Solutions has snapped up the Knotts Crossing Resort in Katherine, Northern Territory, paying $7.61 million.

Upmarket watch brand Rolex is buying the Victorian Liberal Party’s long-time headquarters in Exhibition St in Melbourne’s central business district for $37.1 million.

A local investor has paid $2.6m for a unique listing at Kenthurst comprising of a residential home and a separate kindergarten.

Melbourne’s central business district office towers are drawing capital from around the world with interests associated with Hong Kong’s Foo Hang Jewellery close to buying a major Collins St tower for about $315 million.

GPT has locked in insurance group QBE as anchor tenant at its $300 million office development in Parramatta.

Byron Bay, the hippie retreat turned billionaires’ playground on the NSW north coast, has become the place where Australia’s wealthiest are heading to open luxury resorts of their own.

A red hot sale of a Country Fire Authority office in Lilydale has been sealed, with the building snapped up by a health organisation.