Melbourne Commercial Property News

Melbourne’s rail provider Metro Trains will move its offices, utilities and service vehicle workshop to Clayton in the city’s south-east, after leasing almost 20,000sqm of space.

A St Kilda property touted for its development potential will instead remain as public housing, after a local housing group overcame developers and a gruelling buyer elimination process to secure the site.

Vacancy on inner-city Melbourne thoroughfare St Kilda Rd has fallen to its lowest level in eight years, amid predictions the precinct will one day be overwhelmingly residential-based.

Singapore-listed Ascendas Hospitality Trust has tapped advisers as it readies to bring the Pullman and Mercure hotel in Melbourne’s leafy Albert Park to market. This article originally appeared on theaustralian.com.au/property.

National Australia Bank is set to shake up another city leasing market as it weighs up moving from its Bourke St building in the central business district. This article originally appeared on theaustralian.com.au/property.

A Melbourne commercial agent says overpricing and local government red tape are continuing to hurt Richmond’s Bridge Rd retail strip.

Options abound for enormous Hunter Valley site, one of Victoria’s largest vineyards sells for $22 million-plus and a Brisbane health precinct up for grabs. MORE NEWS AND DEALS.

Dexus Property Group has found buyers for two major commercial properties, including Melbourne’s famous Southgate complex on the Yarra River.

The Australian capital city office vacancy rate is at the highest point in two years, as a growing number of spaces come on to the market and areas outside of Sydney and Melbourne struggle. This article originally appeared on theaustralian.com.au/property.