CBD Commercial Property News

Property developers are ending the year by unveiling a series of major projects in Sydney and Melbourne, in a sign their confidence has not waned in the face of weak demand for residential property.

The commercial property boom shows little sign of abating despite the chill winds ripping through housing and shopping centres with a series of record-breaking office deals being struck just head of Christmas.

Heavyweight funds group LaSalle Investment Management, acting for the California State Teachers’ Retirement System, has assembled a major parcel in Brisbane’s prized Golden Triangle worth about $200 million.

Pub mogul Justin Hemmes has taken the biggest bet of his career, buying a large Sydney CBD site adjoining his Ivy party palace for a multi-storey development valued at more than $1.5 billion.

A new venture between property executive Chris Lock and investment house Wingate has bought an Adelaide office tower for about $103.5 million in a sign of demand for assets in South Australia.

The Development Consent Authority has approved a proposed 38-storey luxury hotel and apartment complex in the Darwin CBD.

Co-working giant Hub opened its newest Australian location in Brisbane’s Anzac Square late last month, spread over four levels of the award-winning building. And the new sharespace continues the trend of bringing the home into …

If ever there was a shining example of the astronomical prices buyers will pay for retail on prime capital city streets, this is it.

Upmarket watch brand Rolex is buying the Victorian Liberal Party’s long-time headquarters in Exhibition St in Melbourne’s central business district for $37.1 million.