ACT Commercial Property News

Charter Hall is targeting the purchase of the Australian Taxation Office headquarters complex in Canberra’s Civic for about $290m.

Canberra’s Fyshwick Markets has been sold to a local investor for an undisclosed sum said to be the highest selling price for an ACT commercial property at auction in 2021.

Growthpoint Properties Australia has bought a government-leased office complex in Australia’s major health policy precinct in Canberra for $84.6 million.

A Bunnings, fast food stores like KFC and childcare centres will feature in a $210 million commercial property auction as investors chase “pandemic-proof” essential services assets with long leases and big-name tenants.

First-time investors keen to get into the commercial property market are chasing entry-level opportunities in the first big portfolio auctions of the year.

Commercial search activity hit a record high last week as the 2021 market kicks into gear. ‘For sale’ search volumes on realcommercial.com.au rose by 3.1 per cent last week, hitting a new historic high. Compared …

An eclectic mix of commercial properties drew interest last week, from a warehouse conversion in Melbourne’s inner-west to a billionaire’s refined estate and mansion in the Gold Coast hinterland with a $50 million price tag and a beautiful church in downtown Hobart.

The impacts of the coronavirus pandemic were not uniformly felt across the commercial property market in 2020, with some sectors emerging more resilient than others.

Industrial and warehouse listings dominated interest in commercial property last week amid a flood of new listings after the festive holiday hiatus.