ACT Commercial Property News

A medley of commercial property types attracted interest over the Christmas-New Year season from offices to shopfronts, medical facilities and warehouses.

Pubs are attracting a lot of attention in the commercial property market as interest in the hotel and leisure sector grows after COVID-19 lockdowns.

A record number of industrial and warehouse listings, including a novel opportunity for people to create their own ‘city cave’, made last week’s most-viewed commercial properties.

From caravan parks to country pubs and old world farming estates, there has been healthy demand for commercial property during the coronavirus pandemic. 

Industrial sites, warehouse listings and a massage parlour proved popular in last week’s commercial listings on realcommercial.com.au.

A Top End fishing lodge and adventuring business in the Tiwi Islands continued to attract prospective buyers, sparking an astounding amount of interest in the commercial property market last week.

Multi-billionaire Harry Triguboff has stopped construction of a serviced apartment tower in the heart of Melbourne and ditched plans for the development of others towers in Canberra and the western Sydney hub of Liverpool, saying it is too risky to pursue further hotel projects at this time.

Tony Fung’s listed casino company Aquis Entertainment remains open to offers to buy the Casino Canberra in the wake of a deal to sell it to Sydney-based funds manager iProsperity Group collapsing in January.

ACT commercial property tenants and landlords have been impacted dramatically by the coronavirus, with businesses hit hard through lockdowns and a subsequent loss of trade. So what support is available for ACT tenants and landlords …