Melbourne Commercial Property News

A Melbourne office building has sold more than $5 million above its reserve price – trumping the reserve by 73% – as demand for sites with development potential remains feverish. Agents described the bidding frenzy …

The much-loved Ivanhoe Pigeon Club is set to leave its nest after almost 70 years.

German supermarket giant Kauf­land will leverage its considerable global muscle to introduce a market-leading fresh food and grocery offer in Australia that could threaten the dominance of supermarket leaders Woolworths and Coles, as well as newer players like Aldi and Costco.

Two Victorian shopping centres have hit the market and are tipped to fetch about $90m.

The co-working revolution is about to hit Melbourne in an even bigger way as two major operators close in on space for hundreds of desks in the Docklands precinct at new projects being ­undertaken by Lendlease.

Imagine being able to boast to your mates you own a pub? 

Talk about an arresting development! Pentridge Prison’s notorious D Division has hit the market, with a price tag of $4.5 million.

Historic Kew mansion turned reception centre Buttleigh Wootton is on the market, with private schools, hospitality operators, foreign consulates and investors expected to vie for the rare prize.

Middle Eastern airline Qatar Airways has expanded its international hotel portfolio, buying the landmark Sheraton Melbourne for about $135 million.