CBD Commercial Property News

James Packer’s Crown Resorts and Schiavello have appointed property consultants Knight Frank to market the One Queensbridge apartment project in Melbourne’s CBD. This article originally appeared on theaustralian.com.au/property.

Australia’s eastern seaboard metro office markets are seeing increasing levels of investment as buyers find themselves priced out of the CBD or chasing juicier yields.

The Singapore-listed Frasers Hospitality Trust has forged into the Melbourne hotel market with the purchase of the Novotel Melbourne on Collins from US giant LaSalle Investment Management. This article originally appeared on theaustralian.com.au/property.

It’s taken a multi-billion dollar development and the creation of a completely new neighbourhood in the heart of the CBD to give Sydney a dynamic, authentic, organic business precinct that rivals anything on the planet.

The Myer family has finalised a deal to sell its remaining one-third stake in its own Bourke St store to funds manager TH Real Estate for more than $151 million.

A string of high profile Parramatta properties have been put on the market, including a number of properties owned by the Salvation Army.

The Bank of China has stamped its authority on Sydney, buying a $130 million office building for its new headquarters, as mainland financial institutions expand their footprints down under. This article originally appeared on theaustralian.com.au.

Pumped-up demand for office investments is behind property and funds manager GDI Property Group’s decision to sell a pair of office towers in the Sydney and Brisbane CBDs.

Black Caviar owner Neil Werrett’s Galileo Group proposes a gold-coloured luxury skyscraper at the northern end of Hyde Park in the heart of Sydney’s legal district. This article originally appeared on www.theaustralian.com.au/property.