Melbourne Commercial Property News

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

News
Malvern hardware building to nail a sale after 95 years
The home to one of Stonnington’s longest running businesses is set to go under the hammer before the end of the month.
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Pub baron snares Melbourne’s Royce Hotel for $55m
Prominent Melbourne hotelier and pub baron Mazen Tabet has agreed to terms to buy Melbourne’s luxury Royce Hotel in St Kilda in a deal worth about $55 million, even though market expectations for the boutique property were initially put at more than $60 million. 
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Sorrento’s Continental Hotel back on the market
Sorrento’s iconic Continental Hotel on Victoria’s Mornington Peninsula is back on the market with a price bump of more than $5 million, less than 18 months after a developer bought it.
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WeWork announces ‘massive’ rollout in Melbourne, Sydney
The $US20 billion ($26 billion) global co-working space operator WeWork sees “massive” opportunities for expansion locally after opening its first Melbourne office and is actively looking for more sites.
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Historic lease: Jack’s Magazine a blast from the past
When it comes to Australia’s most unique commercial properties, this one might take the cake. The chance to lease and revitalise the historic Jack’s Magazine site in Melbourne looms as a once in a lifetime …
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Woolworths’ Mulgrave distribution centre sold for $91m
The listed Growthpoint Properties Australia has offloaded a Woolworths national distribution centre and the attached Victorian state head office in Melbourne’s eastern suburbs to a private group in a deal worth $90.75 million. The sale …
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Melbourne inner-city pubs continue to bubble
Popular inner-city pubs continue to be a source of major interest in the Melbourne market, with a number of well-known watering holes hoping to find new owners before Christmas. 
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Top 5: Plibersek’s former office our most-viewed property
Politicians’ former offices, stunning converted churches and trendy inner-city Sydney bars were among the most-viewed properties sold and leased through realcommercial.com.au over the last week. Check them out here. Top 5 SOLD commercial properties 1. 2/142-152 …
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Perth investor pays $1m over reserve for Brighton shops
Premium prices are par for the course when it comes to residential properties in the upmarket Melbourne bayside suburb of Brighton.
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