CBD Commercial Property News

NAB will shift its Queensland headquarters and 650 employees to Brisbane’s Golden Triangle after leasing 8000sqm of space from the Investa Commercial Property Fund.

Vacancy levels in the Brisbane CBD are predicted to peak at 19% this year, but industry commentators are confident growing demand from the health care and IT industries will counteract any further rise.

Chinese-backed Visionary Investment Group will launch 131 luxury apartments on Castlereagh St in the Sydney CBD this month, marking its first play since late 2014. This article originally appeared on theaustralian.com.au/property.

Developers, investors and tenants interested in being part of the Sunshine Coast’s new Maroochydore CBD are being welcomed with open arms, as expressions of interest officially open.

Melbourne is on the verge of its last major influx of CBD office space ahead of a shortage that could last beyond 2020, according to new research.

Sydney’s new CBD and South East Light Rail network is set to deliver a shot in the arm for commercial property in the city’s south, agents say.

Melbourne’s dwindling CBD car park stocks are expected to take another hit, with a Flinders St car park with 315 bays to be sold for around $30 million.

The heavyweight Scentre Group is chasing a deal to acquire Sydney’s landmark David Jones menswear store in a $350 million-plus play. This article originally appeared on theaustralian.com.au/property.

It’s a developer’s perfect storm: a sublimely located block of Sydney CBD land with more people in the immediate vicinity than at any other location in Australia.