Inner City Commercial Property News

A string of shops in popular Melbourne bayside suburb Hampton will make way for a multi-storey apartment and retail complex, after a developer paid a record price for the site.

Boutique funds manager Newmark Capital, led by former AFL star Chris Langford, is eyeing off the purchase of South Yarra’s Como Centre for close to $230 million. This article originally appeared on theaustralian.com.au/property.

Malaysian developer SP Setia has made another land grab in Melbourne, paying $10 million for a permitted site in inner-city Prahran.

Sydney-based developer Oceania Property Group has sold a residential development site in Sydney’s inner west, as developers flip sites in the wake of tougher market conditions. This article originally appeared on theaustralian.com.au/property.

It’s been years since a Bunnings Warehouse was put up for sale in Western Australia, so it’s no surprise that investors came from the clouds when one hit the market north of Perth.

It’s been a boarding house, a funeral parlour, a yoga school and a Salvos hostel, and now one of Melbourne’s most historic properties could become a residential mansion once more.

The upcoming completion of the $1.5 billion International Convention Centre and a boom in international tourism is behind the sale of Sydney’s Radisson Hotel.

National cinema chain Palace Cinemas has bought a $3.5 million South Yarra office in a deal that will see it move its headquarters from its traditional home in Balwyn.

Stephen Day’s Propertylink has partnered with the private ­Grosvenor Group to acquire four North Ryde properties for $94 million. This article originally appeared on theaustralian.com.au/property.