CBD Commercial Property News

A company backed by a Macau gaming dynasty has emerged as the buyer of a prize office complex opposite Sydney’s Hyde Park in a deal worth about $265 million.

One of Canada’s largest property investors, Oxford Properties Group, has joined the race for the $1.4 billion office component of Grocon’s vast Central Barangaroo project on Sydney Harbour.

Suncorp has snapped up more than 4600sqm of office space in the Adelaide CBD, in what is understood to be the city’s largest leasing deal this year.

The West Australian capital is seeing a flurry of building sales as sentiment in Perth’s office leasing market picks up, with more than $600 million of assets now in play.

Plenty of folks dream of owning a pub, but how about Melbourne’s oldest watering hole?

A building in the heart Melbourne’s bustling Chinatown has sold for $6.3 million, delivering a staggering 237% lift in value in just five years.

A Melbourne laneway has been snapped up for about $600,000, amid intense interest from more than 100 potential buyers.

Global luxury watch brand Longines is set to open its second Australian boutique despite headwinds facing the retail sector that have seen a wave of less prestigious labels close their doors. 

Property scion Daniel Grollo’s company Grocon is backing the development of an ultra-skinny 60-storey apartment tower that would become Melbourne’s tallest, as it recasts its operations after losses on projects in Queensland.