Inner City Commercial Property News

Inner city commercial property news, commercial real estate market data, business news and insights.

News
Lang walks: $400m Fortitude Valley office tower dumped
Tycoon Lang Walker has dumped plans to build a $400 million office tower in Brisbane’s Fortitude Valley, offloading the site to fund manager EG for $27.72 million.
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No kidding around as Sth Melb childcare with rooftop playground fetches $10m
A South Melbourne childcare centre has broken through the eight-figure mark in the biggest sale in the suburb for the year.
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Sale imminent for Manly’s Hotel Steyne
Almost a month after the expressions of interest campaign closed, negotiations are reportedly underway to hopefully finalise a deal to sell the iconic Manly pub known as The Drain.
News
Bondi’s former Jackie’s Cafe site sells for almost $10m
The former Jackie’s cafe site in Bondi Beach owned by philanthropist Tanya Nelson Carnegie has sold for just under $9.7 million to a local investor as a long-term hold.
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Jam Factory to help double South Yarra office market
Melbourne’s new-look Jam Factory precinct in South Yarra will pave the way for the suburb’s office market to almost double in size over the next four years.
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Hong Kong firm’s double dive into Sydney office market
The listed CC Land Holdings, the Hong Kong-based firm controlled by Chinese property magnate Cheung Chung-kiu, has quietly emerged as one of the canniest investors in Australia’s most recent office property cycle.
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US firm to build timber office tower in Collingwood
US real estate firm Hines has forged into office development in Australia with the purchase of a site in the inner Melbourne suburb of Collingwood where it will build a timber tower.
News
Historic former Chippendale dance school twirls onto market
A historic warehouse in Chippendale, which once housed a renowned Sydney dance school, has made its debut on the market this week.
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Manly’s Hotel Steyne could go ‘cheap’
The high-profile owners of Manly’s Steyne Hotel are fielding several offers from local buyers, with the highest bids coming in at above $60 million, well short of the $90 million initially expected by co-owner John Singleton.
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