CBD Commercial Property News

Landlords providing tenants with more flexible leasing options may be the remedy to softening demand for office space in towers in the Sydney and Melbourne central business districts.

Global house Invesco has stamped its authority on Perth’s property market with the purchase of a half-stake in an $800 million skyscraper being developed by Canadian giant Brookfield as the headquarters of oil and gas giant Chevron.

Perth funds manager Realside is making a major play in Adelaide’s office market in which it will pick up a half-stake in four buildings worth $200m from Pep Rocca’s private funds business.

Mirvac has outlined plans for a dramatic $1 billion revamp of the Harbourside Shopping Centre at Darling Harbour via the NSW government’s controversial unsolicited proposals scheme.

Boutique property manager Centennial Property has swooped on the former City Ford site in the inner Sydney suburb of Woolloomooloo in a $104 million deal that gives it control of a prime mixed-use building.

A home that encourages you to leave it behind and see the world is coming to the banks of the Yarra River.

The co-working industry is showing signs of flourishing locally with the listed Victory Offices taking space in the heart of Sydney even as rival WeWork stumbles globally and landlords take a more cautious stance towards some smaller operators.

Subdued business conditions and a lift in new developments have prompted a drop in space being taken up in office towers in the heart of Sydney but demand in the country’s resources capitals is holding up.

A brand new Sebel hotel in Canberra has sold for $48m to DWS, a global real estate investment manager, and Pro-Invest.