Melbourne Commercial Property News

Hilton Hotels is accelerating its plans to grow in Australia, saying it is poised to make a major announcement in Melbourne as part of its program to double its existing operations of 23 Australian properties within five years. 

A Macau-backed investor has snapped up an office block on Melbourne’s Collins Street for $40.1 million as offshore money continues to chase opportunities in the city despite yields reaching eye-watering levels.

A former church in Dandenong has sold for $230,000 above reserve to a developer-investor, who swept past four other bidders to snatch up the property for $2.36 million.

Booming membership numbers aren’t the only thing expanding at Richmond Football Club. The 2017 AFL Premiership winners’ sports science training program is moving on up, with the club taking out a new office space on …

Brandon Park shopping centre has been snapped up for a huge sum after languishing on the commercial property market for nearly six months.

Vacancy rates at popular boutique fashion strip High St in Melbourne’s leafy Armadale have dipped to a new low below 3.5%.

The home of celebrity chef Shane Delia’s hip hop inspired eatery Biggie Smalls has sold for $3.58 million, setting a new record for one of Melbourne’s hottest inner-city suburbs.

Abacus Property Group has confirmed its purchase of a $95 million office tower in Melbourne’s busy St Kilda Rd corridor, in conjunction with Singapore-­listed Wing Tai Holdings. 

Malaysian Loh Kian Chong has quietly ­listed Melbourne’s boutique Jasper Hotel with a $60 million price tag, in a bid to cash in on renewed investor demand for the city’s ­hotels.