Inner City Commercial Property News

There are times in life when nothing hits the spot like a doner kebab — and then there are times in life when it seems like a good idea to buy a kebab shop. 

Jim Stynes’ legacy is set to get a $1 million kick forward that could paint it in a whole new light. 

Two of the world’s largest property investors, Connecticut-based Starwood Capital Group and New York-headquartered private equity firm Blackstone, are among the major bidders vying for a Melbourne hotel positioned between the Melbourne Cricket Ground and the CBD in a $200 million deal.

Dodo founder Larry Kestelman is planning to develop a $140 million, 10-storey office building in an inner northern suburb of Melbourne, hoping tenants will see the benefits of working near home instead of in the congested CBD.

Melbourne’s iconic Grosvenor Hotel is being tipped to sell for more than $11 million after drawing strong attention from investors and developers.

The race is heating up for an eight-level office block in Melbourne’s busy St Kilda Road corridor, with three buyers believed to be left in a fierce bidding war for the building.

A “flight to quality” is pouring fuel on the fire in Sydney’s commercial property investment market, agents say. Retail and industrial assets across the city, particularly those in blue chip locations, are shattering price and …

Leading Sydney girls school Ascham has quietly snared a neighbouring property that was marketed as a development site in Darling Point in a transaction believed to be worth more than $14 million.

Investors were quick to move in on a small Brunswick warehouse that is home to removals company Little Red Trucks. The property at 43-45 Edward St, in Melbourne’s inner north, sold at auction for $2.4 …