CBD Commercial Property News

One of Darwin’s most historic buildings on the Esplanade is up for sale.

In a shrewd behind-the-scenes play for one of Melbourne’s most coveted restaurant sites, entrepreneur Chris Lucas has secured the building currently occupied by Italian stayer Becco. He will take over the Crossley Street restaurant site, remembered by many as Pellegrini’s tavola freddo cantina, in 2021.

The Yeh’s Group has bought the Seasons Harbour Plaza Sydney in a long-running play that will bolster a quiet Sydney hotel market that’s seen few deals struck this year.

A landmark building in Hobart’s CBD is expected to fetch tens of millions of dollars when it is sold later this month.

Sydney’s landmark Chifley Tower and Plaza has become part of the Charter Hall empire, with the listed group taking control of the $1.8 billion office building after striking a partnership with its owner, Singaporean sovereign wealth fund GIC.

A series of international architects have been short-listed to design Cbus Property’s second commercial office project in Brisbane’s CBD at 205 North Quay.

The former Coogans site in central Hobart has sold and the local retail institution’s Moonah building is also under contract, with a surprising new part owner-occupier.

Co-working giant WeWork is in the midst of striking its largest leasing deal in Australia, lining up a whole building to occupy in the heart of Sydney’s central business district on the corner of Market and Pitt streets.

Improving office leasing markets in the nation’s resources capitals and the rise of co-working tenants in eastern seaboard central business districts are driving expectations that markets will favour landlords.