Melbourne Commercial Property News

Vicinity Centres has grabbed the 25% of Melbourne shopping mecca DFO South Wharf that it doesn’t own, agreeing to buy out joint owner Plenary Group.

An agent’s warnings about the derelict state of a former brothel in Richmond weren’t enough to deter buyers, with the property selling for more than $1.1 million at auction.

Chinese e-commerce giant Alibaba is the latest online retail juggernaut to lay roots in Australia, after opening its first Australian office in Melbourne on the weekend.

Developer Golden Age has put the Sheraton Hotel Melbourne on the block for up to $140 million as it looks to reshuffle its holdings after buying another major site in the city. This article originally appeared on theaustralian.com.au/property.

It could be the ultimate job brief: design an office space for a toy company.

ANZ has been confirmed as the anchor tenant at LendLease’s new office tower at 839 Collins St, alongside the bank’s existing Docklands headquarters. In a deal confirmed on Monday, the bank will lease 26,500sqm of the …

The picturesque Morning Star Estate on Victoria’s Mornington Peninsula has been put on the block by long-time owner Judy Barrett, with the property expected to sell for more than $30 million. This article originally appeared on theaustralian.com.au/property.

Australia’s love affair with Airbnb is over.

Rents for prime office space in Sydney and Melbourne have powered ahead with a shortage of properties tipped to worsen.