Banks Commercial Property News

A young investor is being sought for the Westpac Bank premises in the heart of Manly.

Buyers will need a hefty deposit to secure this Romanesque-style former bank in Brunswick, which the agent says could be the next Penny Black.

The mid-market has emerged as the sweet spot in office leasing at the start of this year but big requirements from banks looking to split their operations and from flexible space groups could see larger deals struck later this year.

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.

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.

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.

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, …

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. 

An investor has splashed significant cash on a retail site in Clayton, buying the building a whopping $1.3 million over reserve.