CBD Commercial Property News

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.

The lockdown of Melbourne that has left major firms unsure when they will return to their offices and CBD retailers shuttered is hitting listed property developers and investors.

German investment house Allianz is defying fears about the virus crisis crippling the student accommodation market and has snapped up a pair of student housing buildings in the heart of Melbourne for almost $460 million.