Latest Commercial Real Estate News

Brisbane’s rise to become one of the country’s most active office markets has been confirmed with local group Prime Super and advisor Whitehelm Capital swooping on an Adelaide Street tower for more than $150 million.

Competitive e-sports spaces, VR experiences and a quick commute to a co-working space could become part of your shopping experience as malls look to fill the gap created by department store downsizing.

Student accommodation in Australia is set for a new era, with the acquisitive Scape operation locking in its position as the dominant player with the $2 billion-plus purchase of the Urbanest portfolio that spans major capitals.

The heat in Australia’s office market has been put on display, with one of Asia’s largest real estate investment trusts heading the field to acquire an office building beside Westfield Sydney for close to $700 million.

Commercial property transactions are on track to top last year’s record annual total of $37.8 billion, as volumes are driven higher by ever-larger portfolio deals and a slew of big-ticket individual transactions.

Six apartments in Liverpool have been sold in one line at auction for $2,262,500.

Commercial property buyers have seized almost $70 million worth of property at Burgess Rawson’s final Melbourne Portfolio Auction event of 2019.

Vicinity Centres chief operating officer Peter Huddle has one of the biggest tasks in Australian retail property. He is responsible for driving the performance of some of the best luxury malls in the country — including Sydney’s much-loved QVB and Melbourne’s landmark Chadstone — while also turning around some of Vicinity’s less glamorous properties.

The dual-listed Investec Australia Property Fund has capitalised on the heat in Brisbane’s office tower market, offloading an Ann Street tower for $94m to a new entrant into Australia.