CBD Commercial Property News

A fund managed by listed property fund manager Primewest has sold the iconic “Chambers” building and an adjoining eight-storey office building “The Tower” in Brisbane’s CBD for $47.4 million.

The contests for two of Sydney’s premiere office towers are coming to a head as the year closes, with bidding on the two offers — one by US private equity giant Blackstone and the other by Macquarie Group — putting their combined value at more than $1.5 billion.

New Town residents have welcomed Hobart City Council’s refusal of a private hospital proposed for New Town Rd.

A consortium led by Singapore-listed First Sponsor has joined forces with ICD Property to redevelop the iconic City Tattersalls Club project in Sydney, signalling the group’s first Australian project.

The shock rejection of The Star casino’s plans for a hotel and luxury apartment tower in harbourside Pyrmont has rocked the development industry and may damage Sydney’s standing as investment destination.

Singapore-based SC Capital is advancing plans to pre-sell its planned $700 million mixed-use hotel and office tower in the heart of Sydney, with the project going into exclusive due diligence.

Sydney’s Pitt St Mall has been named the seventh most expensive retail precinct in the world, with rents on the famed strip growing faster than any other top ranked location.

David Jones has officially listed one of its flagship Bourke St Mall stores, with price expectations in excess of $150 million.

Property fund ISPT is further pushing into the flexible workspace area with a new location in Brisbane set to expand the company’s presence across the eastern seaboard as it looks to sweeten the value proposition for potential tenants.