CBD Commercial Property News

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.

Two weeks ago, I wrote that Australia should grab a once in a generation economic opportunity, never thinking we would actually do it.

Listed property group Mirvac and developer John Holland are pushing ahead with a five tower precinct above Sydney’s planned metro railway station in inner-city Waterloo, tapping student accommodation operator Iglu to run a tower for 500 students.