Commercial property deals

Wholesale specialist Eureka Funds Management has put a local group into due diligence on a tower at 55 Clarence St in Sydney’s CBD at a price close to $150m. This article originally appeared on theaustralian.com.au/property.

Notorious St Kilda boarding house The Gatwick is set to become an upmarket hotel, with groups in the final stages of negotiation over its sale.

An iconic warehouse in Petersham that was home to Sydney’s first furniture removal and storage business is up for sale.

A string of shops in popular Melbourne bayside suburb Hampton will make way for a multi-storey apartment and retail complex, after a developer paid a record price for the site.

A picturesque Sunshine Coast hinterland resort that caters for an ever-expanding bed and breakfast, small conference and boutique wedding market has been placed on the market.

Veteran Queensland developer and rich-lister Kevin Seymour will mothball a $200 million apartment project in Brisbane until the next property cycle. This article originally appeared on theaustralian.com.au/property.

Boutique funds manager Newmark Capital, led by former AFL star Chris Langford, is eyeing off the purchase of South Yarra’s Como Centre for close to $230 million. This article originally appeared on theaustralian.com.au/property.

Malaysian developer SP Setia has made another land grab in Melbourne, paying $10 million for a permitted site in inner-city Prahran.

Melbourne’s five-star Novotel Hotel and reborn retail precinct St Collins Lane are on the market with a whopping $500 million price tag.