Melbourne Commercial Property News

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

News
CFMEU sells Melbourne HQ for student accommodation
The CFMEU has sold its Melbourne headquarters to South African student accommodation developer Redefine Properties for about $27 million. This article originally appeared on theaustralian.com.au/property.
News
Renowned design team to revamp The Espy
The Espy will be revamped by the design team behind some of Melbourne’s most cutting edge restaurant and bar interiors.
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Celebrity tenants: Armadale shop has Judd connection
An Armadale shop tenanted by former Carlton footballer Chris Judd’s and his wife Rebecca’s athletic apparel company is set to be put on the block. The building in the upmarket High St retail strip is …
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Former Southbank car park to become 3700sqm green zone
Southbank’s green future has been showcased in plans for a 3700sqm park beneath a new development comprising six apartment towers.
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Commercial sales fall as demand for stock bites
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.
News
CBD retailers look up in quest for better returns
CBD landlords are looking to improve their returns by adding retail tenants in more places than only the ground level, while retailers are taking the opportunity to add extra floor space at limited extra cost, agents say. This article originally appeared on theaustralian.com.au/property.
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Tiny kiosks all the rage as 12sqm property hits market
Australia’s smallest commercial properties are enjoying a moment in the sun as investors chase cheaper entry points into the commercial market. A tiny 12sqm kiosk at Melbourne’s Northcote Plaza is the second kiosk to be …
News
Melbourne to welcome world’s tallest student housing
Specialist accommodation group Scape Student Living has refined its plans for a tower opposite Melbourne’s RMIT University and flagged that it will introduce its City Living ownership model at the site. This article originally appeared on theaustralian.com.au/property.
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Sydney, Melbourne fringe rents hit prime time
Rents on office space in Sydney and Melbourne are soaring with fringe markets lifting in popularity, according to real estate agency Colliers International. This article originally appeared on theaustralian.com.au/property.
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