Latest Commercial Real Estate News

Lendlease has signed a $4 billion contract to develop a mixed-use redevelopment on a 100ha brownfield site in Milan, Italy, which would become the city’s new innovation district.

Heavyweight property group Brookfield has put the Jessie Street Centre in the heart of Parramatta up for sale amid expectations it will go for about $400 million.

The amount of empty office space around the country has reached the lowest levels in almost six years despite a modest slowing in the rate of absorption.

A tightly held retail precinct in the Liverpool region has sold for a whopping $17.3 million.

A South Melbourne childcare centre has broken through the eight-figure mark in the biggest sale in the suburb for the year.

Almost a month after the expressions of interest campaign closed, negotiations are reportedly underway to hopefully finalise a deal to sell the iconic Manly pub known as The Drain.

A tenanted unit block along one of Fairfield’s thoroughfares has been snapped up for nearly $3 million.

In almost every sphere, Melbourne and Sydney are sworn enemies and if a new survey is to be believed, the southern capital has just taken a major title from the harbourside city; as the preferred destination for Australian-based commercial property capital.

Perth’s office sector is set to outperform the rest of Australia’s major CBD markets this year, according to leading commercial real estate services and investment firm CBRE. CBRE expects the West Australian capital to record the …