CBD Commercial Property News

The rapid development of Adelaide is gathering pace with the $330m reopening of SkyCity casino­ on November 28, with the complex to include several high-profile bars and restaurants and shine a spotlight on the city which has benefited from early border reopenings.

Billionaire Andrew Forrest’s private Fiveight operation has snapped up a Perth office building for about $55m, flagging a push into commercial property at a time when many listed groups are selling down.

Workers are increasingly making the commute back to CBD offices, with most markets seeing a rise in occupancy last month.

Middle Eastern airline Qatar Airways is showing its confidence in the Australian market by looking to purchase Sydney’s Primus Hotel for close to $140m.

Listed property giant GPT has joined the ranks of office block sellers, putting a one quarter stake in Sydney’s landmark Governor Phillip and Governor Macquarie Towers on the block.

A hospitality group has listed an inner city backpackers in the heart of Sydney with development potential.

The chronic lack of hotel guests, and plunging room and occupancy rates, are not deterring Asian investors from pursuing city hotels, judging by recent purchases in Sydney and Brisbane.

In one of the most significant property deals since the coronavirus crisis struck David Jones parent company, Woolworths Holdings, has gone into exclusive talks with property firm Charter Hall about the sale of its Elizabeth Street site in the Sydney CBD.

Three car parks in prime locations across Melbourne CBD and the St Kilda Rd district have hit the market. The largest of the car parks, located at 1 Queens Rd, covers six levels with 523 …