Melbourne Commercial Property News

Melbourne commercial property news, commercial real estate market data, business news and insights.

News
Qatar Airways buys Melbourne’s Sheraton
Middle Eastern airline Qatar Airways has expanded its international hotel portfolio, buying the landmark Sheraton Melbourne for about $135 million.
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Huge 44-unit Elsternwick block to fetch eight figures
Elsternwick could be set for a new apartment project with a massive block in search for a new owner. 
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Hub takes second Melbourne co-working space to the top
Co-working giant Hub will open its second Melbourne space at the top of one of the city’s best-known skyscrapers.
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Heathley offers $40m industrial logistics portfolio
Sydney-based Heathley Asset Management has put a $40 million portfolio of high quality industrial logistics on the eastern seaboard on the block as it focuses its attention on medical property.
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Apartment future: St Kilda’s beachfront Novotel on the market
The much-loved beachside Esplanade strip in St Kilda could soon house a major luxury unit development with veteran Sydney developer Greg Shand putting the Novotel Hotel on the block for more than $100 million.
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Younghusband Wool Store’s dramatic $50m transformation
Impact Investment Group is pushing ahead with a $50 million redevelopment of a former warehouse in Melbourne’s inner west after receiving planning approval for its first stage.
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Old Romsey shire office a spicy proposition
A piece Romsey history is attracting buyers from the local area and Melbourne.
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$350m tower plans for yet another Box Hill site
Another high-rise apartment block could appear in suburban Melbourne, with Jeff Xu’s Golden Age Group submitting plans for a $350 million tower in Box Hill.
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$200m asking price for Melbourne’s Pullman on the Park
Melbourne’s Pullman on the Park has been listed for sale with expectations of a five-star price to top $200 million.
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