CBD Commercial Property News

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.

Global real estate company Brookfield is close to securing a major new financial services tenant at its $1.8 billion Wynyard Place Sydney development and is moving to sell down some surrounding properties.

A new city centre being created at Maroochydore on Queensland’s Sunshine Coast will be the first in the world designed specifically for driverless cars.