CBD Commercial Property News

A property development and investment company co-run by a Hawthorn premiership player has been revealed as the buyer of David Jones’ Bourke Street Mall menswear store.

The most exciting, potential-packed commercial leasing opportunity in Hobart right now would have to be the FitzGerald’s Building in Collins Street.

Singaporean sovereign wealth fund Government Investment Corporation has kept up its property buying spree during the coronavirus pandemic, picking up a half stake in a Melbourne office tower in a deal valuing the building at about $410 million.

Leasing opportunities at new shopping hubs continue to be a shining light in the hard-hit retail sector, with future cafe space outside a new Coles supermarket the latest to win over potential tenants.

Property group Dexus will put a stake in Sydney’s landmark Grosvenor Place on the block, with expectations that it will approach pre-crisis pricing on the $2bn-plus asset as deal-making on high-quality office towers picks up.

The next six weeks will be critical for Melbourne’s commercial property market at it waits to learn the full impact of the city’s second coronavirus lockdown. REA Group chief economist Nerida Conisbee says maintaining consumer …

Corporate Australia is girding for an extended slowdown as it deals with lockdown restrictions in Melbourne, with the clampdown delaying the return-to-work plans of major businesses in the Victorian capital.

The coronavirus has slugged major regional malls while listed property groups with an exposure to Victoria have also been hit in recent days as lockdowns return.

One of the hotels at the centre of Melbourne’s coronavirus outbreak is being put up for sale.