Inner City Commercial Property News

There was a hot half-hour for the Department of Treasury and Finance this month, with the government arm selling two properties it owns in Clifton Hill.

The production offices behind some of Australia’s most popular TV shows are on the leasing market, offering a rare opportunity to secure a readymade creative office hub near Sydney Harbour. The McMahon’s Point studios have been occupied …

National hotel investment levels dropped nearly 50% this year to $1.4 billion due to a lack of saleable hospitality assets and a tightening of overseas capital.

A trio of properties in Victoria’s “golden triangle”, a prime piece of Prahran retail and a childcare centre in Australia’s third-fastest growing suburb are on the block this week at Burgess Rawson’s latest investment portfolio auctions.

Major development and investment companies have swooped on four properties in the parliamentary triangle precinct in Canberra that were sold off by the federal government for a total of $122.5 million and will be turned into new hotels, shops and office space.

An owner-occupier has paid $3.1 million for Abbotsford’s former National Bank building, marking the latest in a string of major sales in the inner-city Melbourne suburb.

Property powerhouse Dexus is looking to bolster its position in North Sydney by snapping up The Christie Centre in Berry St for more than $60 million.

AMP Capital’s wholesale Shopping Centre Fund and Diversified Property Fund have teamed up to strike the year’s largest retail property purchase, with the pair ­buying a half stake in the Indooroopilly Shopping Centre in Brisbane for $800 million, in a deal that will help reset retail property values across Australia.

Tell an investor a property leased to Bunnings Warehouse is for sale and immediately they’ll be expecting to pay big bucks for a tight yield.