Inner City Commercial Property News

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

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.
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.
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.
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.
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.
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.
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.
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.
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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