Latest Commercial Real Estate News

A mega selldown of 15 terraces along South Melbourne’s iconic Emerald Hill could stand to rake in a total of $50 million. 

Listed shopping centre giant Vicinity Centres has sold Flinders Square in Western Australia for $39.5 million as it shifts focus to larger properties and chases mixed-use opportunities.

Float candidate Redcape Hotel Group has trimmed part of its Sydney portfolio, offloading the Belrose Hotel on Sydney’s northern beaches, after bulking up in other areas.

Mandurah’s historic Sutton Farm has been listed for sale after years of development wrangling with council and heritage authorities.

The multi-billionaire Oatley family is planning to spruce up its Queensland island resort, following hard on the heels of other ­island resort redevelopment by investors such as the Chinese owners of Lindeman and Daydream islands, as well as Malaysia’s Mulpha Group on Hayman Island.

Hong Kong billionaire Francis Choi has sealed a deal to buy a half-stake in the $600 million Northpoint Tower in North Sydney from Cromwell Property Group’s long-time South African backer, Redefine Properties.

Western Australia’s hotel market is to receive a fresh test as property fund manager Primewest puts the historic Esplanade Hotel in Fremantle on the block for more than $100 million.

The embattled owner of Queensland’s Dreamworld theme park, Ardent Leisure, has flagged $86 million in writedowns in its parks unit, amid a slow recovery from the 2016 accident that claimed four lives.

US hospitality giant Delaware North has been linked to two major gaming properties — Vanuatu’s Grand Hotel & Casino and the SkyCity Darwin casino — as it looks to bolster its regional ­operations.