CBD Commercial Property News

Manulife Real Estate, the global real estate arm of Canada’s biggest insurer, Manulife Financial, has bought Myer’s headquarters at Victoria Harbour in the Docklands for close to $300 million.

Eastern seaboard office markets continue to strengthen with ­vacancy rates dropping below 5% in the country’s two largest cities, driven by upbeat economic conditions in Melbourne and a withdrawal of office space from the market in Sydney.

A new co-working hub is set to open in Melbourne, with flexible workspace provider Spaces signing a leasing deal with global real estate giant Pembroke across two levels in the T&G Building. 

Developers of the latest student accommodation in Brisbane expect to have the 753 rooms filled by the end of the year, with some renting for $549 a week.

One of Sydney’s most iconic public precincts is for sale, with the entire King Street Wharf area on the market amid a retail property boom in the city. The LaSalle Investment Management-owned waterfront precinct, home …

The first Marriott International hotel built in Australia in 20 years will proceed even if the bulk of residential apartments that form part of The Docklands project are on the market.

Chinese property developer Yuhu which was linked to a donations scandal that engulfed the Labor Party last month is understood to be in talks to buy two landmark property sites in Sydney and the Gold Coast in a deal that could top $1 billion.

Fresh from opening his latest Sydney CBD hotel, international billionaire hotel tycoon Michael Kum has at least two other real estate deals in play on Australia’s east coast.

A Charter Hall trust has received state government approval for a new office tower in the Melbourne CBD that will take its total investment in the Wesley Place precinct to $1 billion.