Melbourne Commercial Property News

Melbourne’s historic Palais Theatre in St Kilda has quite literally been given a new lease on life, with a new operator winning a bid to lease the iconic venue for the next three decades.

What does record low interest rates, solid yields and fierce competition in metropolitan areas mean for investors? They’re moving into regional Australia.

Intense competition between a trio of aged care providers saw the price of a Brighton East respite facility, owned by Benetas, soar to $19 million – $8 million above its reserve.

Former Doncaster office site to become apartments, a new shopping centre for Sydney’s west, a chance to run your own nightclub, and which inner-city suburb is the flavour of the month? MORE DEALS.

Lend Lease’s unlisted Australian Prime Property Fund Commercial has appointed agents to sell one of its highest-profile green buildings in Melbourne, The Gauge, seeking a price of about $80 million. This article originally appeared on theaustralian.com.au/property.

Melbourne is on the verge of its last major influx of CBD office space ahead of a shortage that could last beyond 2020, according to new research.

Melbourne’s dwindling CBD car park stocks are expected to take another hit, with a Flinders St car park with 315 bays to be sold for around $30 million.

It’s won design awards and is decked out like a five-star hotel. So is this office – for sale on Melbourne shopping strip Chapel St – Australia’s best?

Singapore-listed ARA Asset Management is seeking more major assets in Australia as it gets deeper into due diligence on Dexus Property Group’s landmark Southgate complex in Melbourne. This article originally appeared on theaustralian.com.au/property.