Latest Commercial Real Estate News

Macquarie Telecom’s $80 million state-of-the-art data centre in Sydney has begun construction after earlier delays.

St Kilda’s former Greyhound Hotel site will be developed as planned after several months in limbo and more than $1 million was wiped from the cost of the patch of dirt.

Surf retailer Billabong’s former headquarters at the Gold Coast’s Burleigh Heads has been picked up by a local developer, The Potter Group, in a $3.8 million deal.

Property developer Stockland has received the green light to start work on the first stage of its $500 million commercial precinct in Sydney’s emerging northern industrial hub.

Melbourne private investor Marks Henderson has expanded its Sydney portfolio with a high-profile $92.75 million office acquisition in inner-city Darlinghurst.

The Pallas Group has forked out $32.74 million to buy a landmark corner site on Double Bay’s Bay St and Guilfoyle Avenue, with the existing premises to be converted into its new headquarters along with retail and extra commercial space.

The contests for two of Sydney’s premiere office towers are coming to a head as the year closes, with bidding on the two offers — one by US private equity giant Blackstone and the other by Macquarie Group — putting their combined value at more than $1.5 billion.

Major retail landlords are coming under pressure from the sluggish performance of anchor tenants, which are dragging on overall complexes even as some areas hold up.

Well-known Sydney hotelier Andrew Lazarus has acquired one of the most iconic pubs in Newcastle, the Beach Hotel Merewether.