CBD Commercial Property News

Office yields in Sydney’s CBD have hit lows not seen since the Global Financial Crisis – and they might not be finished falling yet.

Melbourne’s CBD has lost one of its last remaining adult cinema venues after the owner of Chinatown’s Dendy Cinemas – a founder of the Sexpo exhibition – put the building on the market.

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.