Latest Commercial Real Estate News

Strong performances in the office, hotel and industrial sector are helping to counter ongoing weakness in the retail space, the latest NAB Commercial Property Index shows.

The Singaporean family office fund-anchored Xgenesis is looking to cash in on surging interest for Gold Coast hotels by offering the Crowne Plaza Surfers Paradise with price expectations of $100 million-plus. 

A childcare centre and adjoining house on a quiet Crows Nest street are set to make way for high-density apartments. 

Two former Masters hardware sites in Perth have been sold after just four weeks on the market.

Pets, space for the visiting grandchildren to stay, a cinema, beauty salon and in-house medical staff are all part of a $115 million Brisbane seniors project transforming aged care.

Malaysian conglomerate Mulpha Group is investing more than $100 million reinventing its posh Whitsundays resort which is to be rebranded Hayman Island, by InterContinental after the British and American listed hotelier signed a long term management agreement.

Retail landlord Vicinity Centres has unveiled a $147 million lift in the value of its shopping centre portfolio, with its largest assets, including Emporium Melbourne, leading the way.

Geelong businessman Dean Montgomery will spend more than $3 million to buy and carry out maintenance works on the Old Geelong Gaol after councillors agreed to sell the property on Tuesday night.

Coles is set to expand its store network once the supermarket giant demerges from parent Wesfarmers, citing the tailwind of population growth, which reached 1.6% nationally last year.