Melbourne Commercial Property News

Price tastes right for Chapel St building, John Holland moves harbourside in Sydney and The Hospitality Store served up for sale. MORE NEWS AND DEALS.

Receivers KordaMentha will sell two major office towers on Melbourne’s leafy St Kilda Road with hopes of reaping more than $100 million for the assets. This article originally appeared on theaustralian.com.au/property.

Melbourne’s CBD has lost one of its last remaining adult cinema venues after the owner of Chinatown’s Dendy Cinemas – a founder of the Sexpo exhibition – put the building on the market.

James Packer’s Crown Resorts and Schiavello have appointed property consultants Knight Frank to market the One Queensbridge apartment project in Melbourne’s CBD. This article originally appeared on theaustralian.com.au/property.

Veteran developer Lang Walker has clinched another tenant for his $2.5 billion Collins Square project in Melbourne, securing gaming giant Tabcorp for the recently completed Tower 2. This article originally appeared on theaustralian.com.au/property.

Retail landlord Vicinity Centres has ruled out building apartments at Melbourne’s Chadstone Shopping Centre in the near future, but preparations will begin for a new hotel in the next two years. This article originally appeared on theaustralian.com.au/property.

Australia’s eastern seaboard metro office markets are seeing increasing levels of investment as buyers find themselves priced out of the CBD or chasing juicier yields.

The Singapore-listed Frasers Hospitality Trust has forged into the Melbourne hotel market with the purchase of the Novotel Melbourne on Collins from US giant LaSalle Investment Management. This article originally appeared on theaustralian.com.au/property.

The Myer family has finalised a deal to sell its remaining one-third stake in its own Bourke St store to funds manager TH Real Estate for more than $151 million.