Inner City Commercial Property News

A St Kilda property touted for its development potential will instead remain as public housing, after a local housing group overcame developers and a gruelling buyer elimination process to secure the site.

Brisbane’s industrial sector is soaring, with an ongoing flight to quality seeing occupiers take advantage of low prices to snap up A-grade warehouse space.

Perth syndicate Kerching Capital has picked up its third IGA-anchored shopping centre in Queensland, buying Sandstone Village for $10.4 million.

A group of Adelaide investors led by Pep Rocca of Australasian Property Developments will overhaul the University of Adelaide’s Thebarton Campus, after buying it for a price in the mid-$20 million range. This article originally appeared on theaustralian.com.au/property.

Former Federal Court judge Annabelle Bennett and her sister Jennifer Darin are selling two prime commercial buildings in Chatswood, with hopes of reaping more than $40 million.

Vacancy on inner-city Melbourne thoroughfare St Kilda Rd has fallen to its lowest level in eight years, amid predictions the precinct will one day be overwhelmingly residential-based.

The NSW government has abruptly terminated negotiations at Fort Denison that would have seen a new food and beverage operator appointed for the heritage-listed Sydney Harbour icon. This article originally appeared on theaustralian.com.au/property.

Singapore-listed Ascendas Hospitality Trust has tapped advisers as it readies to bring the Pullman and Mercure hotel in Melbourne’s leafy Albert Park to market. This article originally appeared on theaustralian.com.au/property.

Hotel operators and student accommodation groups are among those already vying for the Church of Scientology’s Sydney headquarters, just days after it hit the market.