Melbourne Commercial Property News

Co-working giant Hub will open its second Melbourne space at the top of one of the city’s best-known skyscrapers.

Sydney-based Heathley Asset Management has put a $40 million portfolio of high quality industrial logistics on the eastern seaboard on the block as it focuses its attention on medical property.

The much-loved beachside Esplanade strip in St Kilda could soon house a major luxury unit development with veteran Sydney developer Greg Shand putting the Novotel Hotel on the block for more than $100 million.

Impact Investment Group is pushing ahead with a $50 million redevelopment of a former warehouse in Melbourne’s inner west after receiving planning approval for its first stage.

A piece Romsey history is attracting buyers from the local area and Melbourne.

Another high-rise apartment block could appear in suburban Melbourne, with Jeff Xu’s Golden Age Group submitting plans for a $350 million tower in Box Hill.

Melbourne’s Pullman on the Park has been listed for sale with expectations of a five-star price to top $200 million.

Ex-bookmaker and Betstar founder Alan Eskander has pocketed a more than 100% windfall on the sale of a South Melbourne office he bought less than five years ago.

The long run of extraordinary returns from the property market is coming to an end as rising interest rates eat into yields and prices soften, according to analysis from BIS Oxford Economics.