CBD Commercial Property News

Singaporean company ARA Asset Management is again looking to bolster its Australian empire and is targeting the purchase of Adelaide’s Allianz Centre for about $150 million as more institutions look to place funds in the South Australian capital.

Property executives are pinning their hopes on the country’s resurgent office markets with Nat­ional Australia Bank’s Com­mercial Property Index showing office property scored the best results for future capital and rental growth.

Rising appetite for office space has pushed the vacancy rates in Melbourne and Sydney’s CBDs to their lowest level in 10 years, according to the Property Council’s Australian Office Market Report.

The sale of a ground floor gym in Melbourne CBD has torn through its reserve by more than 20%, selling amid heated auction competition from six bidders.

One of the last dowager hotels of Sydney, the landmark Sofitel Sydney Wentworth, is about to hit the market as it faces increasing competition from rival hoteliers across the city.

Iconic Melbourne live music and entertainment venue Cherry Bar is on the move, announcing a city-wide search for a new home and revealing it will leave AC/DC Lane early this year. The bar’s co-owner James …

Australia’s office markets have recorded their lowest vacancy rates in five years as Sydney has experienced the least amount of empty office space since the 2000 Olympics, according to JLL.

In contrast to dire headlines about the state of the residential market, Sydney’s office markets are running hot, with both rents and capital values rising in the last quarter 2018, according to a new analysis by property agency Savills.

Hotels, apartment and office towers surrounded by open public spaces should be built over unsightly rail lines in the heart of Melbourne, according to the designer of Eureka Tower.