Latest Commercial Real Estate News

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Overseas buyer splashes $4.5m on Sunbury shops and healthcare
An international investor has splashed $4.51 million on a property in Sunbury’s retail hub.
Lang walks: $400m Fortitude Valley office tower dumped
Tycoon Lang Walker has dumped plans to build a $400 million office tower in Brisbane’s Fortitude Valley, offloading the site to fund manager EG for $27.72 million.
Investors could clean up at Geelong industrial site
Geelong commercial property investors can expect to clean up on a versatile industrial facility in North Geelong’s employment precinct.
Taste test: Five-star food at Brisbane retirement home
When I think of food at a retirement village, I think of slop – large amounts in a bain-marie.
Brisbane’s Westside Private Hospital sells for $62m
A partnership between Heathley Asset Management and inter­national property company Grosvenor Group has sealed its first deal, buying the Westside Private Hospital in Brisbane for $61.7 million.
Milan calls in Lendlease to build $4bn mixed-use district
Lendlease has signed a $4 billion contract to develop a mixed-use redevelopment on a 100ha brownfield site in Milan, Italy, which would become the city’s new innovation district.
Parramatta’s Jessie Street Centre in line for $400m sale
Heavyweight property group Brookfield has put the Jessie Street Centre in the heart of Parramatta up for sale amid expectations it will go for about $400 million.
Office vacancy hits lowest mark since 2012
The amount of empty office space around the country has reached the lowest levels in almost six years despite a modest slowing in the rate of absorption.
Liverpool shops change hands after 50 years
A tightly held retail precinct in the Liverpool region has sold for a whopping $17.3 million.
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