CBD Commercial Property News

An offshore group has swooped on a half stake in Sydney’s landmark Grosvenor Place in a deal valuing the entire tower at about $2bn, as international players back the recovery of Australia’s office markets.

The nation’s hotel market is slowly coming back to life, with China’s Greenland Group preparing to list the landmark five-star Sydney CBD Primus Hotel at an asking price of about $170m, while the Accor Invest Australia portfolio, worth around $200m, is back on the market after the collapse of a sale to fallen investor Michael Gu.

Victoria’s commercial property and business recovery could be swift as stage four lockdown restrictions begin to ease, experts say. The Victorian Government on Sunday outlined its ‘roadmap’ for reopening the state, which has been in …

Online retail behemoth Amazon is negotiating a move to a new $1.5bn precinct being developed by the Charter Hall in Melbourne’s central business district in one of the largest office developments since the onset of the coronavirus pandemic.

James Packer’s Crown Resorts has proposed reorienting a major site in Melbourne where it once ­planned a $2bn hotel and apartment scheme into a new tower with a major office component.

An almost $10 million project located three doors down from the site of a recently rejected redevelopment proposal would provide a mix of residential apartments and student accommodation in inner Hobart.

Sonya Alexander is anything but gloomy about the future of central business districts.

Blue-chip companies and advisory firms are seeking to sublease space in key city towers as the coronavirus crisis hits home for corporate Australia.

Central, the technology precinct emerging around Sydney’s Central Station, has taken a forward step with top local and international architects appointed to build a $2.5bn project for Dexus and Frasers.