Melbourne Commercial Property News

The tight Melbourne office market is set to get another 28-storey block, after Victorian Planning Minister Richard Wynne approved a second commercial tower for Lendlease’s $2.5 billion Melbourne Quarter project. This article originally appeared on theaustralian.com.au/property.

The Gatwick Hotel will be transformed on an upcoming season of The Block, after Channel 9 finally confirmed it had bought the notorious rooming house.

West Melbourne’s first five-star hotel will feature a rainforest-inspired lobby, moonscape ceiling and futuristic neon car park.

Size was no barrier for an investor who paid $401,500 for one of the smallest commercial properties ever to hit the market. The tiny kiosk at Northcote Plaza Shopping Centre, just north of Melbourne’s CBD, attracted strong bidding …

The Glen shopping centre in Melbourne’s south-east will be the latest Victorian mall to receive a major makeover, with Vicinity Centres announcing a $490 million overhaul that will include a new Aldi supermarket and a host of new fashion brands.

Supermarket chain Woolworths has swooped on the ABC studio at 2-16 Selwyn Street, Elsternwick in Melbourne in a deal worth about $45 million. This article originally appeared on theaustralian.com.au/property.

Live music landmark The Espy has reportedly sold to prolific pub owners, after being closed for almost two years.

Younger professionals are increasingly exerting more influence in where their companies should be based, leading some office landlords to ensure their buildings have good amenities to attract tenants keen on staff retention. This article originally appeared on theaustralian.com.au/property.

A Melbourne investor has pocketed a 287% return on Melbourne CBD building Bourke House in just three years, after selling the property to a Chinese buyer.