Latest Commercial Real Estate News

The shock rejection of The Star casino’s plans for a hotel and luxury apartment tower in harbourside Pyrmont has rocked the development industry and may damage Sydney’s standing as investment destination.

The Star Entertainment Group and its partners have bounced back from the rejection of their planned luxury tower in Sydney, with the Queensland government announcing it will begin direct negotiations to fast-track a proposed $2 billion revamp of its Gold Coast casino holdings.

Prominent eastern suburbs investor Vaughan Blank has paid $12.8 million — millions above reserve — for Sydney’s first kosher butcher’s shop in Bondi Beach.

Investors will have their last chance to secure a Bunnings freehold in 2019 when one of the hardware chain’s high-performing regional stores is auctioned next month.

Singaporean-based funds manager ARA Asset Management is leading the pack to acquire the $350 million Victoria Place in East Melbourne office project planned in the tightly held precinct.

Singapore-based SC Capital is advancing plans to pre-sell its planned $700 million mixed-use hotel and office tower in the heart of Sydney, with the project going into exclusive due diligence.

The Independent Planning Commission has rejected The Star Casino’s plans for a hotel tower in Pyrmont – a proposal which caused a storm in government after the planning department recommended rejection earlier this year.

A fresh push is on to find a buyer for a historic Queenscliff hotel after an extensive restoration spanning several years.

Plumpton’s 7-Eleven petrol station is up for auction with a price expectation of between $6.5 million and $7 million.