Inner City Commercial Property News

The dual-listed Investec Australia Property Fund has capitalised on the heat in Brisbane’s office tower market, offloading an Ann Street tower for $94m to a new entrant into Australia.

Brisbane property developers are not shying away from challenging restoration projects, transforming once run down and decrepit historic homes, ice cream factories, dairy farms and even a mortuary.

St Kilda’s former Greyhound Hotel site will be developed as planned after several months in limbo and more than $1 million was wiped from the cost of the patch of dirt.

Melbourne private investor Marks Henderson has expanded its Sydney portfolio with a high-profile $92.75 million office acquisition in inner-city Darlinghurst.

The Pallas Group has forked out $32.74 million to buy a landmark corner site on Double Bay’s Bay St and Guilfoyle Avenue, with the existing premises to be converted into its new headquarters along with retail and extra commercial space.

Max Cooper is about to clock off as a watch and jewellery repairer for the last time, after selling the Footscray store that’s been in his family for 81 years.

US group Hines is looking to stamp its authority on the local office development market and is in pole position to build a new tower in North Sydney that could be worth about $330 million.

Flamboyant businessman John Singleton and former Qantas boss Geoff Dixon have finally offloaded Balmain’s popular The Unity Hall Hotel for $20 million, more than double its $10 million 2011 acquisition price.

The opportunity to be the very first owner of a new Aldi supermarket is up for grabs in inner-city Melbourne. Scheduled for completion next year as part of the Lyric Building development in Fitzroy, the …