CBD Commercial Property News

Sydney’s Darling Harbour is closer to having a new skyscraper, with a fourth $1 billion-plus tower for the Cockle Bay precinct winning the support of an independent planning panel after a redesign by partners GPT, Brookfield and AMP Capital.

Melbourne has locked in its status as a prime international investment destination with its central business district recording the greatest yield compression over the past three years across CBD office markets globally, real estate group Savills said.

A prominent Chinatown property leased to the popular Shark Fin House restaurant has netted its owners a huge price gain.

A client of UBS Asset Management is preparing to strike Brisbane’s next major office deal and could pay about $220 million for the city’s former “wedding cake” building.

It’s no secret that Melbourne loves a rooftop bar, but now there’s a rooftop farm in development that locals can soon explore.

Sydney businessman Victor Comino is angling to boost his holdings on the city’s glittering Pitt Street mall strip and is in the frame to buy a half-interest in the $700 million 135 King St and Glasshouse complex in the heart of Sydney.

It’s taken seven years but American brand Hyatt is returning to the Sunshine State with the hotelier set to open a Hyatt Place hotel on Brisbane’s southside.

The nation’s second-largest health fund, HBF Health, has drawn strong bidding for the Perth office tower it occupies, with German investment house Union Investment Real Estate heading the field of interested parties.

Sydney-based Marprop is stepping up an expansion drive with the group eyeing off the Melbourne headquarters of Bendigo and Adelaide Bank in a deal worth about $80 million.