Melbourne Commercial Property News

A small news agency opposite Holmesglen TAFE in suburban Melbourne has fetched an astonishing $1.228 million, sending the yield plummeting to just 1.3%.

One of the nation’s largest hoteliers, Mantra, has bought the Art Series Hotels group in a $52.5 million deal, in a bid to boost its presence in the luxury sector. This article originally appeared on theaustralian.com.au/property.

Amazon has confirmed plans to set up a fulfilment centre in Melbourne’s southeastern suburbs as it pushes ahead with rolling out its full retail operation in Australia. This article originally appeared on theaustralian.com.au/property.

A property fund run by sector stalwart the GPT Group has made one of the most expensive shopping mall investments in Australia’s history, snapping up a 25% stake in Melbourne’s Highpoint Shopping Centre, in a $680 million purchase from the city’s wealthy Besen family. This article originally appeared on theaustralian.com.au/property.

A Melbourne developer is planning “hotel-style” accommodation facilities within a South Melbourne office precinct, for the exclusive use of the office tenants and workers.

Singapore-listed developer Lian Beng Group has flipped a Melbourne site for a tidy $10 million profit after owning it for less than two years. This article originally appeared on theaustralian.com.au/property.

Before there was Vivid Sydney and long before Melbourne’s White Night, Prahran laneway Gertrude St was lit up like Christmas, for its annual Projection Festival. The festival, which is celebrating its 10th year, sees musicians and lighting …

Victoria’s Country Fire Authority headquarters is on the market, in one of 2017’s largest suburban office offerings. The three-level office building in Burwood East has been home to the CFA since 1990 and is expected to …

The Giannarelli family has bought the heritage Kozminsky building in the Melbourne CBD for $7.6 million, as values in the city continue to soar. This article originally appeared on theaustralian.com.au/property.