Latest Commercial Real Estate News

One of the country’s biggest shopping centre owners, Scentre Group, has unveiled a new contactless drive-through service for its Westfield mall retail tenants at as it strives to keep shoppers coming back amid the pandemic that has turned many malls into ghost towns.

He may be a champion of Australia’s ongoing urbanisation but acclaimed architect Karl Fender is branching out from commercial and residential design into winery and upper end luxury accommodation projects.

Hoteliers are scrambling to fill vacant hotel rooms, with the InterContinental Hotel Group recently approaching the beleaguered Carnival-owned Princess Cruises to accommodate hundreds of its crew members.

Accommodation vacancies have surged across Australia after a growing exodus of foreign students and workers, prompting warnings that rents and house ­prices will come under severe pressure this year as the economy ­enters a major downturn.

The Prime Minister Scott Morrison says Australia is “many weeks away” from easing coronavirus restrictions as the country works towards flattening the curve. While we wait for social distancing measures to be relaxed, it’s worthwhile considering what our economy will look like post COVID-19.

The Real Estate Institute of Queensland says it’s “bitterly disappointed” with the Palaszczuk government’s proposed COVID-19 tenancy protection measures, saying they go “too far” and neglect landlords. 

A private investor has paid $7.2 million for a redeveloped service station just 180m from Manly beach – one of a number of big sales in the tourist hotspot.

Buyers seeking a change of pace have the chance to own and run an award-winning country cafe, which is said to be like “eating in your cool grandma’s living room”.

Dating all the way back to 1914, this landmark Lenah Valley building is ready and waiting for a modern transformation. Over the years it has been used as the local Scout group hall and before …