Commercial property deals

The historic Pitt St Mall building that has been home to the Soul Pattinson pharmacy for almost 150 years is on the market for the first time.

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.

Property funds manager Forza Capital has finalised a deal to buy a South Brisbane office tower from Armada Funds Management for $65.5 million. This article originally appeared on theaustralian.com.au/property.

Marprop Real Estate Partners has bought back into the booming Parramatta market, finalising a $42 million deal for an office tower with the potential for redevelopment. This article originally appeared on theaustralian.com.au/property.

Would you like rooms with that? A beachfront resort near Coffs Harbour in northern NSW is up for sale, but the hotel’s 67 strata-titled accommodation villas aren’t included.

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.

The Sunshine Coast’s property market is preparing for its own version of Australia’s “mining boom”, as the development of the region’s $5.3 billion Oceanside Health Hub gathers pace.

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.

A wave of industrial property deals worth more than $1.3 billion is set to be completed over the next month with Charter Hall Group and Ascot Capital emerging as the contenders to buy a $300 million portfolio of assets. This article originally appeared on theaustralian.com.au/property.