Latest Commercial Real Estate News

An iconic cherry farm on the Mornington Peninsula is ripe for the picking.

The shopping centre industry has been rocked by the largest deal of the year, with a half stake in the $1.34bn Westfield Marion in Adelai­de selling to Singapore-listed SPH REIT, in a transaction showing an 8% discount to the mall’s December value.

Property fund ISPT is further pushing into the flexible workspace area with a new location in Brisbane set to expand the company’s presence across the eastern seaboard as it looks to sweeten the value proposition for potential tenants.

Publican Justin Hemmes and investor Robert Whyte have inspected Byron Bay’s popular Beach Hotel but it is understood neither is progressing with a purchase of the property which hit the market with a $100 million price tag back in September.

When Michelle Blom saw that her local cafe was collecting bottle tops for a charity fundraiser, an idea popped into her head like a delicious bolt of caffeine.

Canadian behemoth Brookfield has won a major foothold in Australia’s retirement living sector, with Aveo shareholders voting to approve its takeover scheme.

Hotel and pub barons the De Angelis family have purchased western Sydney’s Raby Tavern and Shopping Centre for over $30 million.

The former Carlton & United Breweries’ headquarters in Abbotsford has been listed for sale as the head of the development firm who owns it grapples with a $100 million tax debt.

Burgess Rawson has celebrated one of the most successful Portfolio Auctions in the agency’s history, selling $135.28 million worth of commercial property in one day.