Latest Commercial Real Estate News

Corporate Australia is girding for an extended slowdown as it deals with lockdown restrictions in Melbourne, with the clampdown delaying the return-to-work plans of major businesses in the Victorian capital.

The final piece of a West Melbourne property portfolio part-owned by a pair of Melbourne Cup winning horse owners has been sold for $7 million.

Office tenants are stepping up requests for rental relief as the coronavirus crisis drags out across parts of the nation, with the Australian Unity Office Fund giving an insight into the tough conditions.

Hotel operators are warning the NSW government to declare how many more serviced apartment towers it will need for COVID-19 quarantine, or authorities could run out of available rooms.

Australia’s commercial property leasing market is showing signs of two-paced performance, with fuel retail and quick service restaurants at the head of the field.

Ford will consolidate its parts and logistics teams from across Victoria at a purpose-built new facility 13km north of its former Broadmeadows production line.

Victorian businesses will be provided with further support in the wake of the second coronavirus lockdown, with the State Government announcing a further $534 million support package.

The coronavirus has slugged major regional malls while listed property groups with an exposure to Victoria have also been hit in recent days as lockdowns return.

The Animal Welfare League NSW has quietly sold its former Ingleside shelter to a neighbouring property owner for $6.6 million.