Latest Commercial Real Estate News

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Sale imminent for Manly’s Hotel Steyne
Almost a month after the expressions of interest campaign closed, negotiations are reportedly underway to hopefully finalise a deal to sell the iconic Manly pub known as The Drain.
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Fairfield flats fetch a mint at auction
A tenanted unit block along one of Fairfield’s thoroughfares has been snapped up for nearly $3 million.
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Melbourne trumps Sydney among Aussie investors: report
In almost every sphere, Melbourne and Sydney are sworn enemies and if a new survey is to be believed, the southern capital has just taken a major title from the harbourside city; as the preferred destination for Australian-based commercial property capital.
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Perth to lead nation for office rent growth: CBRE
Perth’s office sector is set to outperform the rest of Australia’s major CBD markets this year, according to leading commercial real estate services and investment firm CBRE. CBRE expects the West Australian capital to record the …
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Big ambition for little Geelong site after auction
City workers can have more reason to look up on Moorabool St in the future after developers swooped on a small commercial holding. The local buyers bought the 210sqm retail and office site at 82 …
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China’s Poly plans major Ascot project
Chinese-backed developer Poly Australia has secured its first acquisition in Queensland and has unveiled plans for a major residential project in the Brisbane suburb of Ascot.
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Half-stake up for grabs at Adelaide’s Westfield Marion
Lendlease’s flagship Australian shopping centre fund is dealing with hefty redemption requests by offering up a half-stake in the $1.5 billion Westfield Marion shopping centre in Adelaide.
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Bondi’s former Jackie’s Cafe site sells for almost $10m
The former Jackie’s cafe site in Bondi Beach owned by philanthropist Tanya Nelson Carnegie has sold for just under $9.7 million to a local investor as a long-term hold.
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Jam Factory to help double South Yarra office market
Melbourne’s new-look Jam Factory precinct in South Yarra will pave the way for the suburb’s office market to almost double in size over the next four years.
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