Melbourne Commercial Property News

Melbourne commercial property news, commercial real estate market data, business news and insights.

US operator to run Palais Theatre for next 30 years
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US operator to run Palais Theatre for next 30 years
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.
Commercial investors flock to regional Australia
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Commercial investors flock to regional Australia
What does record low interest rates, solid yields and fierce competition in metropolitan areas mean for investors? They’re moving into regional Australia.
Brighton East aged care smashes reserve by 75%
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Brighton East aged care smashes reserve by 75%
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.
Deals: Doncaster welcomes another high-rise
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Deals: Doncaster welcomes another high-rise
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 fund to sell $80m green Docklands office
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Lend Lease fund to sell $80m green Docklands office
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.
Major CBD office shortage to hit Melbourne
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Major CBD office shortage to hit Melbourne
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.
Flinders St car park tipped to nudge $30m
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Flinders St car park tipped to nudge $30m
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.
VIDEO: This might be Australia’s best office
Inspiration & Style
VIDEO: This might be Australia’s best office
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?
ARA closes in on $600m Southbank purchase
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ARA closes in on $600m Southbank purchase
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.
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