Inner City Commercial Property News

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

Iconic McPhee’s antiques ends 116 years on Chapel St
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Iconic McPhee’s antiques ends 116 years on Chapel St
One of Melbourne’s most famous antique stores is pulling up stumps after 116 years in the Chapel St retail precinct. McPhee’s, which began trading around the corner on High St in 1901 before shifting to its …
Brisbane casinos weather Chinese investment sting
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Brisbane casinos weather Chinese investment sting
Brisbane real estate deals are collapsing after a new Chinese Government sting on offshore investment.
Flagship BMW dealership to make way for Southbank twin towers
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Flagship BMW dealership to make way for Southbank twin towers
Melbourne’s flagship BMW dealership at Southbank will be sold to developers, paving the way for a colossal development that includes 800 apartments and 600 hotel rooms. BMW has offered the coveted corner site at 58 …
Mega sale: $1bn for half stake in Brisbane shopping centre
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Mega sale: $1bn for half stake in Brisbane shopping centre
Leading shopping centre managers are tipped to bid for Commonwealth Superannuation Cor­p­oration’s half stake in Brisbane’s Indooroopilly Shopping Centre in a deal that could reap the fund up to $1 billion. This article originally appeared on theaustralian.com.au/property.
Mirvac to build Canterbury Racecourse apartments
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Mirvac to build Canterbury Racecourse apartments
Mirvac is bulking up its Sydney development pipeline, striking a partnership with the Australian Turf Club under which it will develop surplus land adjacent to Canterbury Racecourse. This article originally appeared on theaustralian.com.au/property.
Frenchs Forest kindergarten rides childcare boom to $2.73m
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Frenchs Forest kindergarten rides childcare boom to $2.73m
One of the oldest kindergartens on the northern beaches has sold for $2.73 million in a suburb about to get thousands of new dwellings. Frenchs Forest Kindy in Coster St has been operating for more …
Singapore buyer breaks St Kilda Rd office tower price record
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Singapore buyer breaks St Kilda Rd office tower price record
Singapore’s Mapletree Investments has snapped up a $145 million ­office tower on Melbourne’s St Kilda Rd in a deal that shows the highest ever price for a building on the famed boulevard. This article originally appeared on theaustralian.com.au/property.
Mantra pays $52.5m for famous Art Series Hotels
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Mantra pays $52.5m for famous Art Series Hotels
One of the nation’s largest hoteliers, Mantra, has bought the Art Series Hotels group in a $52.5 million deal, in a bid to boost its presence in the luxury sector. This article originally appeared on theaustralian.com.au/property.
Uniting Church to sell 145-year-old South Sydney church
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Uniting Church to sell 145-year-old South Sydney church
An historic gothic-style church in inner-city Sydney has hit the market in one of 2017’s most unique commercial property offerings. The Uniting Church-owned, heritage-listed property was built in 1872 and until recently was occupied by …
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