Melbourne Commercial Property News

Singaporean groups are setting a fierce pace in buying up existing city hotels and sites where they can develop new properties across Australia.

A “no regrets” mentality from a decade in elite sport spurred AFL footballer-turned property gun Steven Salopek to take a punt in the commercial sector.

German supermarket giant Kaufland has stepped up its push into the Australian market with the purchase of its second site, this time in Melbourne’s outer southeast. 

A proposed apartment tower in Melbourne is being reimagined as student accommodation as developers see better opportunities elsewhere. 

Melbourne’s luxury accommodation market will soon welcome a new boutique offering, with a South Yarra hotel currently under construction and to be sold ahead of its expected completion in 2019.

Melbourne’s stunning Olderfleet building may be among the city’s older architectural icons, but it’s about to become the centre of a very modern wave of commercial property.

Property giant Mirvac has offered a bullish outlook for new office projects in Melbourne based on its strong population growth and relatively affordable housing.

Manulife Real Estate, the global real estate arm of Canada’s biggest insurer, Manulife Financial, is looking to stamp its authority on the local property market with the purchase of the Myer headquarters at Victoria Harbour in the Docklands for close to $300 million.

Another wealthy Melbourne family has taken advantage of soaring prices for top commercial assets, with Morry Schwartz and his family selling a hotel and historic pub for close to $100 million combined.