Melbourne Commercial Property News

A derelict former brothel in inner-city Melbourne could be one of 2017’s biggest bargains, if proposals to demolish the site are approved after it is sold next month.

A high-flying Brunei prince has emerged as the latest global heavyweight to cash in on Melbourne’s property boom, nabbing a near 40% premium on an office tower in less than two years. This article originally appeared on theaustralian.com.au/property.

Private investment firm Pro-invest Group has snapped up a second hotel site in Melbourne’s central business district and will develop a Holiday Inn Express on the $30 million property. This article originally appeared on theaustralian.com.au/property.

Office vacancy rates across Melbourne’s CBD are set to fall and rents will rise as a spike in the Victorian economy drives business confidence.

A pair of KFC fast food outlets were an early Christmas treat for buyers at Burgess Rawson’s final investment auctions of the year, where $109 million worth of commercial property sold in two days.

Competition between retailers and office users for space on Melbourne’s Flinders Lane has pushed rents to an all-time high.

Chinese buyers are still coming to the Victorian capital as the mystery buyer of former Toll Holdings chief Paul Little’s $60 million Docklands twin towers development is revealed. This article originally appeared on theaustralian.com.au/property.

The race for office space across Sydney is on as the city experiences its greatest spike in market growth in more than 20 years.

Health fund Australian Unity has bolstered its property holdings with the purchase of a Springvale warehouse and office complex for almost $13 million.