CBD Commercial Property News

Vacancy in Sydney’s CBD office market is at an eight-year low and is expected to keep diving, new research says.

DEXUS Property Group has put one of the Adelaide CBD’s biggest office towers up for sale as the city continues its 2016 resurgence.

Australian marketing company Salmat will move its Melbourne headquarters across the CBD after taking out a lease on eight floors of a La Trobe St tower.

AMP Capital is advancing plans for its $2 billion Quay Quarter development after a key tenant of the existing 50 Bridge Street tower, Rothschild Australia, struck a deal to shift to nearby Aurora Place. This article originally appeared on theaustralian.com.au/property.

South African real estate company Redefine Properties is expected to make a major play in Melbourne’s student accommodation market after paying $30 million for a Carlton car park.

Melbourne’s laneways are as sought after among retailers as they are among shoppers, with just three shops in the CBD core currently available for lease.

The consortium developing Brisbane’s Queens Wharf casino precinct has bolstered its foothold close to the high-profile project by purchasing a nine-storey car park for $45 million. This story originally appeared on theaustralian.com.au/property.

James Packer is one step closer to kicking off development of the Crown Sydney high-rollers ­casino at Barangaroo. This article originally appeared on theaustralian.com.au/property.

A commercial property portfolio belonging to renowned architect, the late Walter Pollock, will be auctioned throughout May.