Latest Commercial Real Estate News

Chinese-backed developer Poly Australia has secured its first acquisition in Queensland and has unveiled plans for a major residential project in the Brisbane suburb of Ascot.

Lendlease’s flagship Australian shopping centre fund is dealing with hefty redemption requests by offering up a half-stake in the $1.5 billion Westfield Marion shopping centre in Adelaide.

The former Jackie’s cafe site in Bondi Beach owned by philanthropist Tanya Nelson Carnegie has sold for just under $9.7 million to a local investor as a long-term hold.

Melbourne’s new-look Jam Factory precinct in South Yarra will pave the way for the suburb’s office market to almost double in size over the next four years.

A former primary school site is about to deliver an eight-figure windfall to the state government in an upcoming sale to developers.

The Foreign Investment Review Board has approved the purchase of the largest single parcel of broadacre agricultural land to a Saudi investment fund.

Fresh from its acquisition of Darwin’s casino operations, US hospitality giant Delaware North is continuing its aggressive drive into Australia’s tourism industry, buying the rights to operate and develop the popular Lane Cove River Tourist Park in Sydney.

Griffith University has acquired the first large development site in the former Commonwealth Games Athletes Village on the Gold Coast for an $80 million facility that will specialise in design and manufacturing.

Investor eyes are on regional Victoria amid cooler Melbourne market conditions and following a Federal Budget tipped to boost towns and cities outside the state capital.