Latest Commercial Real Estate News

Westfield owner the Scentre Group has received a share market boost after announcing it has secured more bank facilities in a move that lifts its liquidity position to $3.1 billion over the next two years.

Retailer David Jones is moving closer to selling the site of its flagship menswear store in Melbourne’s famed Bourke Street shopping precinct, winning strong interest around the $120 million mark with Newmark Capital one of the groups in the ring.

It is something every senior management team and board will have been engaged with over recent years: disaster planning.

Australia’s commercial property owners and tenants face uncertain times as they come to grips with the impact of the coronavirus. So what does COVID-19 mean for commercial property and business in the coming weeks and …

Shopping centre owners and key national retailing bodies have reached a deal to negotiate behind closed doors about how they will confront the fallout from coronavirus, with unilateral walkouts by tenants threatening to tear up their leases taken off the table.

A warehouse vibe and hints of the Big Apple will be part of a recently approved Collingwood development.

Shopping centres have been rocked by the six-month freeze on evictions ordered by Scott Morrison on Sunday night.

Major resorts and hotels including the multi-billionaire Oatley family’s flagship Hamilton Island in Queensland’s Whitsundays have closed, while Malaysian gaming giant Mulpha has shut its newly refurbished ultra-luxe InterContinental Hayman Island as the spread of COVID-19 continues apace.

Australia’s banks have offered new and unprecedented protection and relief for commercial property landlords and tenants as they face the financial challenges brought on by the coronavirus.