CBD Commercial Property News

CBD commercial property news, commercial real estate market data, business news and insights.

News
Marprop moves in on Bendigo Bank’s Docklands headquarters
Sydney-based Marprop is stepping up an expansion drive with the group eyeing off the Melbourne headquarters of Bendigo and Adelaide Bank in a deal worth about $80 million.
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Plans move forward for Sydney’s GPO
The owners of Sydney’s GPO complex are preparing a masterplan for the hotel tower that is part of the development as they prepare to introduce The Fullerton Hotels and Resorts brand in October.
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Sydney hotel supply sees room rates fall
The long overdue increase in supply of new hotels in Sydney is contributing to a drop in occupancy and average daily room rates, but investors and developers are continuing to spruik hotels for sale.
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Perth to lead nation for office rent growth: CBRE
Perth’s office sector is set to outperform the rest of Australia’s major CBD markets this year, according to leading commercial real estate services and investment firm CBRE. CBRE expects the West Australian capital to record the …
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Crown Sydney reaches halfway mark
Every morning Chuck Clatterbuck takes the construction lift a minute and half up the face of Crown Resorts’ $2.1 billion casino, hotel and apartment tower taking shape on Sydney Harbour, and walks down floor by floor.
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Meriton shuns apartments for serviced accommodation in Melbourne
Unit giant Meriton has joined the ranks of Sydney developers forging into Melbourne but its entry is taking a twist with the company planning to build a serviced apartment project rather than sell flats in the sluggish market.
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City of Sydney buys heritage-listed Customs House
One of the country’s most prominent heritage buildings, Customs House, has been bought by the City of Sydney from the federal government for an undisclosed sum.
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Singapore’s JustCo takes on Sydney co-working market
Sydney’s co-working boom is showing few signs of slowing with a new entrant from Singapore taking on the expanding field of local players setting up in the city.
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$1.2m upgrade a part of the deal at historic Launceston building
A stunning and immaculately restored building in Launceston’s CBD could be one of the value buys of 2019.
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