CBD Commercial Property News

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.

Australian tech giant Atlassian has detailed plans for its new headquarters at the tech precinct at Sydney‘s Central Station, with the company declaring the building will generate 2500 jobs and nearly $1bn for the local economy.

The country’s premiere office towers are weathering the coronavirus crisis storm with sales being struck at levels showing only slight shifts in values ahead of the pandemic hitting.

The home of Melbourne’s longest-running Indian restaurant has been put up for sale, offering investors the chance to secure one of the city’s strongest hospitality holdings.

Footy fans could find themselves living on the doorstep of Melbourne’s Marvel Stadium after development company Grocon swooped on a site next to the venue in a $67 million deal with the AFL.

Telstra is stepping up its $2bn property and asset selldown and has tapped real estate agency Knight Frank to sell the Pitt Telephone Exchange Building in the hopes of reaping about $300 million.

Social distancing is the new hot ticket in commercial property with agents highlighting the benefits of owning a COVID-safe workplace.

The great retail property sell-off in the wake of the coronavirus crisis is likely to be kicked off by two of the best assets in the country, the David Jones flagship stores in Sydney and Melbourne.

Hotelier Dr Jerry Schwartz is attempting to develop a helipad atop his 38-level hotel in Darling Harbour, arguing its construction will help revive the Sydney CBD economy.