Latest Commercial Real Estate News

The Foreign Investment Review Board has approved the purchase of the largest single parcel of broadacre agricultural land to a Saudi investment fund.

Fresh from its acquisition of Darwin’s casino operations, US hospitality giant Delaware North is continuing its aggressive drive into Australia’s tourism industry, buying the rights to operate and develop the popular Lane Cove River Tourist Park in Sydney.

Griffith University has acquired the first large development site in the former Commonwealth Games Athletes Village on the Gold Coast for an $80 million facility that will specialise in design and manufacturing.

Investor eyes are on regional Victoria amid cooler Melbourne market conditions and following a Federal Budget tipped to boost towns and cities outside the state capital.

The listed CC Land Holdings, the Hong Kong-based firm controlled by Chinese property magnate Cheung Chung-kiu, has quietly emerged as one of the canniest investors in Australia’s most recent office property cycle.

The family behind one of Melbourne’s favourite coffee brands has made bank selling their property in the epicentre of Brighton’s cafe culture.

The love affair with real estate is ingrained into the Australian psyche. You can touch it, see it, drive past it and improve it. But with home prices falling, policy questions over tax incentives and less availability of credit, perhaps the love affair with residential property investment is over. So what does this mean for commercial real estate?

Every morning Chuck Clatterbuck takes the construction lift a minute and half up the face of Crown Resorts’ $2.1 billion casino, hotel and apartment tower taking shape on Sydney Harbour, and walks down floor by floor.

It pays to buy and hold onto neighbouring properties, as one patient Wantirna seller is about to find out.