Investment News

The Greg Paramor-led Folkestone has struck a deal that will see it develop a $70 million shopping centre and large format retail site in the Melbourne suburb of Altona North. This article originally appeared on theaustralian.com.au/property.

A Chinese developer has splashed more than $30 million on one of the largest individual landholdings on the Mornington Peninsula. The 63ha Morning Star Estate in Mt Eliza was sold by CBRE for $36.2 million when it changed …

It took almost 500 bids for a buyer to secure a former motel site with redevelopment potential at a marathon auction in Sydney’s inner west. Six bidders slugged it out for more than an hour …

The tide of global capital chasing commercial property in Australia could accelerate this year with key cities still seen as good value in the global context despite a ­series of blockbuster deals.

Global hotel operators have set their sights on Australia with a string of recent deals offering buoyancy to an otherwise lacklustre market.

The median value of Queensland farmland jumped an astonishing 10.3% in 2016, according to Rural Bank’s new Australian Farmland Values report.

Commercial property sales in Australia fell nearly 60% in the first quarter of the year after a stampede to buy assets caused a shortage of stock across the Asia-Pacific region, according to ­researcher Real Capital Analytics. This article originally appeared on theaustralian.com.au/property.

Bold investment in major city infrastructure has been identified as key to Australia’s booming commercial property market.

Hopping between office buildings at street level in your capital city could soon be a thing of the past, with ride-sharing goliath Uber revealing it has plans to introduce flying taxis. Speaking to FastCompany, Uber confirmed …