CBD Commercial Property News

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.

Sydney’s CBD office market is set to remain tight for much of the next five years but Melbourne vacancy rates will lift as new supply hits the market, ­according to Investa Research. 

Property group Dexus and office partner CPP Investment Board have put Adelaide’s ANZ House on the block with expectations of reaping about $200 million.

Melbourne’s central business district office leasing market is firing, with Charter Hall Group’s $500 million Wesley Place development close to winning enough tenant support to kick off and Mirvac’s Olderfleet project drawing further interest as work gets under way.

The owners of the Myer headquarters at Victoria Harbour in the Docklands have kicked off a campaign to sell the complex.

Considering they see, sell and lease thousands of commercial properties and offices every year, it stands to reason that Australia’s top commercial agents would expect to work in some fairly striking office spaces. Savills new …

Brisbane’s commercial leasing market is forecast to generate double-digit rent rises in coming years in a sign the city’s office sector is staging a recovery.

A Lendlease-managed fund has bought a B-grade Sydney office from Centuria, with the vendor tripling its investment over four years.

Cbus Property, the real estate investment arm of industry superannuation fund Cbus, has bought the Mercure Melbourne Treasury Gardens Hotel from Middle Eastern owner Pearl Hotels for about $70 million in an off-market deal.