Inner City Commercial Property News

An agent’s warnings about the derelict state of a former brothel in Richmond weren’t enough to deter buyers, with the property selling for more than $1.1 million at auction.

Chinese e-commerce giant Alibaba is the latest online retail juggernaut to lay roots in Australia, after opening its first Australian office in Melbourne on the weekend.

Australia’s love affair with Airbnb is over.

A derelict former brothel in inner-city Melbourne could be one of 2017’s biggest bargains, if proposals to demolish the site are approved after it is sold next month.

Celebrity chef Matt Moran won’t have to wander far for a beer and a steak after he and pubs partner Bruce Solomon picked up the Clovelly Hotel. This article originally appeared on theaustralian.com.au/property.

Lend Lease has scooped up the development rights to one of Melbourne’s major education and technology hubs, the Carlton Connect precinct, in what has been billed as a new innovation precinct for the city. This article originally appeared on theaustralian.com.au/property.

A consortium of property powerhouses including GPT, Brookfield and AMP has lodged a development application for a $1 billion high-rise office and retail precinct at Sydney’s Darling Harbour. This article originally appeared on theaustralian.com.au/property.

Call them Sydney’s own twin towers. This article originally appeared on theaustralian.com.au/property.

The listed Lantern Hotels Group has sold its top gaming hotel, the Five Dock in Sydney’s inner west, after just a week on the market for a massive $28.75 million. This article originally appeared on theaustralian.com.au/property.