CBD Commercial Property News

The penthouse of Toronto House in Flinders Lane, Melbourne is on the market for the first time to both residential and commercial buyers with offers expected in excess of $4 million.

Property funds manager Charter Hall has flagged a shift towards developing new office towers and industrial parks as it shrugs off the coronavirus crisis with a wave of new projects.

The COVID-19 pandemic will usher in a “new dawn” for Australia’s struggling central business districts, as falling rents spark an influx of smaller, vibrant firms, ­according to a new report from consulting firm PwC.

Corporate Australia is making a push to get staff back into offices with landlords seeking to reassure them they will be safe due to extensive precautions taken against coronavirus.

Australians as they start their summer breaks are asking when or even if they will make a return to their traditional desks 9-5 next year.

More than a million commuters will be absent from CBDs across Australia’s capital cities as working from home emerges as one of the biggest social shifts due to the COVID-19 pandemic.

The listed Dexus and Canada’s CPP Investment Board are looking to offload Brisbane’s $300m Gold Tower in the city’s largest office sale of the year.

China’s sovereign wealth fund has boosted its stake in Sydney’s landmark $1.85bn Grosvenor Place by purchasing a half interest in the tower in a move expected to spark a flurry of deal-making across major central business districts.

A classic Collins Street building home to Louis Vuitton’s flagship city store has bagged a buyer after attracting mammoth international interest.