CBD Commercial Property News

Technology giant ­Google is poised to take up more space at its Pyrmont headquarters but remains on track to anchor the transformation of the White Bay Power Station site in Sydney. This article originally appeared on theaustralian.com.au/property.

Telecommunications giant Telstra has opted to stay put at its Brisbane premises with the group striking fresh leases at properties owned by Charter Hall Group’s unlisted Prime Office Fund and Singapore-listed Keppel REIT in one of the city’s largest leasing deals. This article originally appeared on theaustralian.com.au/property.

GPT Group is weighing a play to take full control of the $1.2 billion MLC Centre in the heart of Sydney after nearly completing a dramatic revamp of the historic tower. This article originally appeared on theaustralian.com.au/property.

Rents for prime office space in Sydney and Melbourne have powered ahead with a shortage of properties tipped to worsen.

Accor’s $200 million purchase of 15 budget hotels from the Abu Dhabi Investment Authority ­heralds the start of the French hotel chain’s long-term plan to dominate Australia’s fragmented hospitality sector. This article originally appeared on theaustralian.com.au/property.

The United States proved to be the dominant foreign force in Australian retail investment in 2016, while Queensland tipped New South Wales out of top spot for sales.

A high-flying Brunei prince has emerged as the latest global heavyweight to cash in on Melbourne’s property boom, nabbing a near 40% premium on an office tower in less than two years. This article originally appeared on theaustralian.com.au/property.

Boston-based investment manager AEW Capital Management has swooped on a B-grade tower in Sydney’s Clarence Street for about $169 million. This article originally appeared on theaustralian.com.au/property.

Private investment firm Pro-invest Group has snapped up a second hotel site in Melbourne’s central business district and will develop a Holiday Inn Express on the $30 million property. This article originally appeared on theaustralian.com.au/property.