Coronavirus Commercial News

The private Milligan Group has won initial approval for plans to develop a near $2bn skyscraper in the heart of the Sydney CBD.

A Lygon St institution and International Pizza Hall of Famer is up for lease.

Industrial property assets are likely to remain in hot demand despite interest rate rises, experts predict, with some office assets also likely to remain unaffected.

One of the first major portfolio sales of freestanding commercial property on the eastern seaboard since the federal election is expected to highlight investors’ voracious appetite for the ‘known quantity of fast food’ and the ‘strong and stable’ childcare sector.

The lease for a picturesque riverside cafe and marina in northern NSW is on the market, with buyers attracted to the potential growth it offers.

As business executives eschew Zoom meetings and holidaymakers increasingly start travelling, Sydney hoteliers are noticing big improvements in operating profits.

The traditional workplace is changing post-COVID with workers being presented with wellness offerings, food and experiences as they make their way back into office life.

For a niche asset, wineries attract a surprisingly broad range of buyers, from treechangers to hospitality operators and large-level investors.

Investor appetite for securely-leased commercial investments remains strong as buyers chase commercial assets that deliver steady incomes.