Banks Commercial Property News

Commercial property news & insights about banks.

News
Sale’s historic AMP building moves on from nightclub days
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.
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Rosebud NABs another strong deal
A Rosebud beachside shop leased to National Australia Bank is the latest Mornington Peninsula property to sell on a skinny yield, proving that investor interest in the holiday hotspot is more than just a summer fling.
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Bank of Sydney collects seven-storey Pitt St office
The Bank of Sydney has swooped on a Pitt St office block in the heart of Sydney’s central business district, buying the complex from Kingsmede for about $50 million.
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Nab a beachside bank in popular holiday spot
A bank on a Rosebud strip dubbed the “Golden Mile” is on the market, offering a rare Mornington Peninsula beachside opportunity. The NAB-leased property at 1053-1055 Point Nepean Rd will be auctioned on December 7, …
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Growthpoint hopes to snare Bank of Queensland building
The listed Growthpoint Properties Australia is stepping up its push into resources capitals, with the trust looking to buy the Bank of Queensland building in Brisbane in a deal that could top $200 million. 
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Clayton NAB cashes in to smash reserve
An investor has splashed significant cash on a retail site in Clayton, buying the building a whopping $1.3 million over reserve. 
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Does Landmark Geelong building have apartments in its future?
A formerly grand old bank building could become the latest city landmark to undergo an apartment-driven conversion after going on the market. The three-storey building at 130 Moorabool St, Geelong, was home to the Commercial Bank …
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CBA ramps up hunt for major Sydney CBD space
Commonwealth Bank has issued a major space requirement in Sydney’s central business district in a move viewed as a precursor to the spin-off of its wealth management and mortgage broking businesses.
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Bank this bank for less than $500,000
Dreams of owning a bank don’t have to be limited to corporate high flyers — and they can be realised for under $500,000 in country Victoria. The circa 1879 former Bank of Australasia (ANZ) at …
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