Melbourne Commercial Property News

Melbourne’s King St might have a reputation as a night time party hub.

Two of the world’s largest property investors, Connecticut-based Starwood Capital Group and New York-headquartered private equity firm Blackstone, are among the major bidders vying for a Melbourne hotel positioned between the Melbourne Cricket Ground and the CBD in a $200 million deal.

Dodo founder Larry Kestelman is planning to develop a $140 million, 10-storey office building in an inner northern suburb of Melbourne, hoping tenants will see the benefits of working near home instead of in the congested CBD.

A 300-apartment ‘supersite’ has hit the market in Melbourne, worth an estimated $200 million.

Melbourne’s iconic Grosvenor Hotel is being tipped to sell for more than $11 million after drawing strong attention from investors and developers.

The race is heating up for an eight-level office block in Melbourne’s busy St Kilda Road corridor, with three buyers believed to be left in a fierce bidding war for the building.

Investors were quick to move in on a small Brunswick warehouse that is home to removals company Little Red Trucks. The property at 43-45 Edward St, in Melbourne’s inner north, sold at auction for $2.4 …

A new Melbourne apartment tower by Malaysia-backed EcoWorld International will feature one of the latest must-haves for unit dwellers: a co-working space.

Ivanhoe Pigeon Club’s final chapter has ended with a bang, with the headquarters of local avian-appreciators soaring beyond reserve at auction.