CBD Commercial Property News

Designs for stage one of the huge Melbourne Square development at Southbank have been unveiled. Construction on the mixed-use precinct, which will feature six residential and commercial towers and is expected to cost $2.8 billion, …

Major infrastructure and property groups, including Chinese-backed John Holland and Lendlease, are expected to team up with listed trusts to vie for the rights to develop multi-billion-dollar towers above new metro stations in Sydney’s CBD and North Sydney.

Investa Property Group’s main wholesale property fund has become the latest group to capitalise on the surging Sydney CBD office market by putting a Pitt St tower on the block for more than $200 million.

Funds management giant TH Real Estate has secured a buyer for its A-grade office block in Hunter Street in central Sydney with Hong Kong-based K. Wah angling to purchase the building for more than $190 million.

The strength of Sydney’s office market has spurred Credit Suisse to put a major tower occupied by Central Queensland University on the block in a move likely to reap close to $115 million. The sale …

Historic pub the Waterside Hotel has officially reopened after being revamped by Sand Hill Road — the group that bought St Kilda’s landmark Espy Hotel earlier this year.

An international property fund has become the latest player to join Sydney’s pub boom snapping up city watering hole The Republic Hotel from the Ryan family.

The rental market for office space across Darwin remains moribund and it is difficult to see how this will change in the short or medium term.

The commercial property industry is slightly less optimistic overall as confidence edged lower in the buoyant NSW and Victorian office markets, according to a NAB survey.