CBD Commercial Property News

Canada’s Oxford Properties has emerged as the biggest winner in the race to build towers above Metro stations in Sydney. As its prize it will develop a build-to-rent apartment tower and an office block above …

US private equity group Blackstone and Canada’s Ivanhoe Cambridge have become the latest players to cash in on Sydney’s office tower boom, offloading a stake in the $1.6 billion-plus ANZ headquarters tower in a deal showing record pricing.

Power lunches could soon be replaced by midday yoga, pilates or ballet-inspired barre sessions at Melbourne’s premier business address, 101 Collins Street, where an entire floor of carparking has been revamped to make way for a new state-of-the-art holistic wellness centre.

Top local and international developers are readying for the offer of one of the largest ever sites in Melbourne’s CBD that is set to be offloaded by VicTrack next to the city’s railyards.

WeWork is continuing its dramatic expansion in Australia even as doubts emerge about the valuation of the float of its global operations, with reports it could attract a price of less than half of initial expectations of about $US47 billion ($68 billion).

Shimao Group, controlled by Hui Wing Mao, has proposed an ultra-luxury tower overlooking Sydney’s Hyde Park that would be worth more than $1bn after the Chinese-Australian billionaire dumped plans to sell a half stake in the office block on the site last year.

Listed entertainment, hospitality and leisure operator Event Hospitality & Entertainment has told investors it will examine funding options for two major Sydney developments that could have an end value of about $1 billion.

After three years of trying, Marquette Properties has snapped up one of Brisbane’s most prominent shopping corners for $77.1 million.

Cashed up investors had one Melbourne CBD vendor purring after selling a laneway building for nearly $1 million above initial price expectations.