Latest Commercial Real Estate News

Sorrento’s Continental Hotel is back on the market, with receivers having taken over the landmark property after repeated issues with its $100 million redevelopment.

A prime Wantirna South corner site has been relisted with planning permits for a high-rise residential and commercial development.

Major building projects involving shops, offices, airports and hotels are set to be delayed by at least a month because of the corona­virus, amid calls for a national ­security strategy to bolster the country’s fuel and medicine stocks.

Popular Central Coast hotel The Anglers Rest in Brooklyn has been put on the market with price expectations around the mid $4 million mark.

The Australian Hotel in Cooma, located some 45 minutes away from the New South Wales snowfield gateway of Jindabyne, has been sold on the eve of its public auction for a rumoured $3 million-plus figure.

Australian companies are sending their staff home at an increasing rate with some employees in a Sydney office building told to self-isolate after a person working there might have been exposed to the coronavirus.

Melbourne-based Pelligra Group has acquired two major regional distribution facilities, one in Goulburn, NSW, and the other in Warwick, Queensland, from a Melbourne-based private investment group for about $70 million.

Neighbourhood shopping cen­tres in Queensland are trading at crisp rates with the returns reflecting the desire of investors for safe assets.

It might not have kerb appeal but there’s one property investment that’s almost certain to attract visitors.