Business News

Bunnings Warehouse has opened its first UK pilot store this weekend, marking the beginning of local brand Homebase’s transition into the Australian chain’s iconic green and red colours.

Telecommunications giant Telstra has opted to stay put at its Brisbane premises with the group striking fresh leases at properties owned by Charter Hall Group’s unlisted Prime Office Fund and Singapore-listed Keppel REIT in one of the city’s largest leasing deals. This article originally appeared on theaustralian.com.au/property.

This year will no doubt prove to be very interesting for commercial property and global economy, not least because of Donald Trump’s inauguration on January 20.

After years of ignoring Airbnb, international hoteliers have admitted the homestay network is affecting business, declaring that any hotel operators ­ignoring the disrupter will pay a price. This article originally appeared on theaustralian.com.au/property.

Embattled theme park Dreamworld is banking on a retail expansion that includes Australia’s first LEGO Certified Store as it attempts to ride out a revenue slump.

The Gold Coast’s re-emergence as an international holiday hotspot has been given a major boost, with Hong Kong billionaire Tony Fung planning a $440 million six-star beachside hotel.

Australia’s petrol industry will undergo one of the biggest shakeups in its history after Woolworths announced it is selling its 527 petrol station sites to BP for almost $1.8 billion.

From Bunnings to brothels to Dreamworld, it’s been a huge year in Australian commercial property. 2016 ran the full gamut when it comes to news, and here are the 10 stories you couldn’t get enough of.

Private investment firm Pro-invest Group has snapped up a second hotel site in Melbourne’s central business district and will develop a Holiday Inn Express on the $30 million property. This article originally appeared on theaustralian.com.au/property.