CBD Commercial Property News

Brisbane’s office tower market is gathering pace with a run of purchases under way showing that investors are keen to capitalise on the city’s rising rents and heavy infrastructure spending.

Office property and funds management powerhouse Dexus is poised to buy QIC Global Real Estate’s prized 80 Collins St complex in central Melbourne, in a deal approaching $1.4 billion in value.

Another prime Hobart CBD site is set to hit the market to will allow the existing business to expand.

Perth’s newest four-star hotel, DoubleTree by Hilton Perth-Northbridge, has been listed for sale by Malaysian-based developer SKS Group, with offers of about $100 million expected.

Melbourne is locking in its status as the country’s most chased office market with at least two major transactions close to being finalised in deals worth close to $2 billion.

The top end of Sydney’s office tower market is being dramatically reshaped by technology tenants that are turning parts of the city into hi-tech zones.

The race for QIC Global Real Estate’s prized Collins St complex in the heart of Melbourne central business district is coming to a head with two major listed Australian players, Dexus and Charter Hall, in contention as another prime contender, Mirvac, bows out.

The Melbourne skyline is changing and 80 Collins is one of the show-stopping designs taking shape at the ‘Paris end’ of Collins St in the CBD.

Singapore-based SC Capital has unveiled plans for a $700 million mixed-use hotel and office tower in the heart of Sydney for which it will seek investors later this year.