Latest Commercial Real Estate News

A monster property including the Novotel Melbourne Glen Waverley hotel site is up for grabs and could smash the city’s suburban price record.

Tycoon Lang Walker has brushed aside rival developers to win a tender to house about 4200 NSW public servants in a Parramatta office tower being pitched as the country’s largest.

The long overdue increase in supply of new hotels in Sydney is contributing to a drop in occupancy and average daily room rates, but investors and developers are continuing to spruik hotels for sale.

The Defence Department has flagged a major shake-up of its property holdings that could see it shift to new digs in Sydney, Melbourne and Canberra, in one of the department’s biggest ever real estate moves.

An international investor has splashed $4.51 million on a property in Sunbury’s retail hub.

Tycoon Lang Walker has dumped plans to build a $400 million office tower in Brisbane’s Fortitude Valley, offloading the site to fund manager EG for $27.72 million.

Geelong commercial property investors can expect to clean up on a versatile industrial facility in North Geelong’s employment precinct.

When I think of food at a retirement village, I think of slop – large amounts in a bain-marie.

A partnership between Heathley Asset Management and inter­national property company Grosvenor Group has sealed its first deal, buying the Westside Private Hospital in Brisbane for $61.7 million.