CBD Commercial Property News

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.

The Melbourne City Council is proposing a $232 million revitalisation plan covering most of a city block, including new council offices and a community precinct.

One of Sydney’s most famed public precincts has sold, with private real estate group Markham paying $125.5 million for the King Street Wharf.

Auctions of commercial property have been spared the gloom that has descended on the residential market with the latest CBRE portfolio reaping an 86% clearance rate as almost $48 million worth of property was sold.

German funds manager Deka Immobilien has swooped on the Bvlgari store in the heart of Sydney, picking up the bulk of the building that houses the luxury retailer in a deal worth about €36 million ($56 million) as the very top end of the market defies gloomy retail conditions.

Is this an office trend you’ll start to see more of?

The Victoria Liberal Party has today revealed the sale of its long-time headquarters in Exhibition St in Melbourne’s central business district for the higher-than-expected price of $37.1 million.

IBM has leased seven floors at 259 George Street in the Sydney CBD, with the technology giant consolidating from four to two Sydney locations.

It might not look much like timber from the outside, but step inside this brand new office tower and Brisbane and it’s a very different story. The 10-storey building at 25 King St has just …