Investment News

A huge Tweed Heads car dealership with four marques under its roof has sold for $11.2 million, after attracting big interest from major investor groups. The dealership, leased to Sharp Motor Group, was once operated …

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.