CBD Commercial Property News

A pair of Singaporean groups, Roxy Pacific and Tong Eng. Group, are set to become the latest owners to cash in on Sydney’s office boom as they bring a Clarence Street building to market that could sell for than $160 million.

Sydney businessman Victor Comino has swooped on the historic Pitt Street Mall building that has housed the Soul Pattinson pharmacy for almost 150 years in a dramatic off-market play valuing the complex about $100 million.

Mirvac Group is the first developer to present plans for a new Suncorp tower in Brisbane’s CBD, proposing a “city within a building” at 80 Ann Street.

Sydney’s office market continues to run hot with the Mah family emerging as the buyer of a $90.8 million complex opposite Hyde Park while another nearby site that could sustain a major hotel development has hit the block.

Middle Eastern airline Qatar Airways has expanded its international hotel portfolio, buying the landmark Sheraton Melbourne for about $135 million.

Co-working giant Hub will open its second Melbourne space at the top of one of the city’s best-known skyscrapers.

Chinese developers have swooped on a series of major buildings and sites across the country’s west and east coast markets as they stock up on properties ahead of the next market cycle.

Development giant Frasers Property Australia and Sekisui House Australia are close to striking a major deal at their landmark Central Park project on the southern edge of Sydney’s central business district to house the University of Technology Sydney’s graduate health school.

Singapore-listed infrastructure and civil engineering company OKP Holdings has made its maiden property acquisition in Australia, buying a Perth office tower for $43.5 million.