CBD Commercial Property News

The listed Event Hospitality & Entertainment has an ambitious development pipeline that could see it build at least two major towers in George St in the heart of Sydney’s CBD.

Singapore’s GIC Real Estate, AMP Capital and West Australian group Primewest are negotiating a deal that would see the sovereign wealth fund take almost full control of Perth’s Exchange Tower in a play that values the asset at close to $330 million.

Chinese-backed developer ICD Property and the City Tattersalls Club have lodged fresh plans for a 49-storey mixed-use project in Sydney’s Pitt Street, more than a year after their first scheme was rejected.

Chinese chemical-based consumer goods company Ousia Investments, a recent investor in Australian real estate, has signed agreements with Marriott International to develop a hotel in west Melbourne.

The South Australian German club will part ways with its home of more than a century, putting the historic headquarters in Adelaide’s CBD on the market. The club bought the 221-225 Flinders St property in 1913 …

The Melbourne CBD is set for another new hotel, with IHG planning to launch its upscale voco brand in a new residential and hospitality project by private developer the Brady Group.

Office buildings in the major east coast capitals are fully priced as a wave of capital seeks assets with long-term leases in place, according to Lendlease chief executive Steve McCann. 

The private owner of the freehold of Sydney landmark Chifley Tower is exploring options that could see it dispose of its interest in the property for more than $100 million.

Two Charter Hall funds have paid $60 million for a Brisbane office building directly across from the new Queens Wharf development.