Latest Commercial Real Estate News

The Australian arm of student accommodation group Urbanest has been put on the block by US pension fund Washington State Investment Board for more than $2 billion in the country’s largest ever offer in the maturing property sector.

Collingwood could soon have its first major hotel, cementing a turnaround for a suburb once known for its drug culture.

Manly’s Hotel Steyne has a new owner, who has reportedly paid a “record price” of between $60 and $80 million for the iconic pub.

A client of UBS Asset Management is preparing to strike Brisbane’s next major office deal and could pay about $220 million for the city’s former “wedding cake” building.

The 111-room hotel will form part of PDG Corporation’s $450m redevelopment of the Melbourne’s historic Munro site.

A $60 million shopping centre project is the first step to creating the Armstrong Creek Town Centre, which will become the retail, leisure and entertainment hub of Geelong’s south, developer Andrew Welsh says.

The newly acquired Art Series brand of French hotel group Accor is set to debut in Western Australia under a $90 million plan by developer George Atzemis.

Sydney businessman Victor Comino is angling to boost his holdings on the city’s glittering Pitt Street mall strip and is in the frame to buy a half-interest in the $700 million 135 King St and Glasshouse complex in the heart of Sydney.

Melbourne’s hotel accommodation market remains buoyant on the back of international and local sporting events, according to a report from HTL Property.