Melbourne Commercial Property News

Investors hit the stores in Victoria last year, snapping up nine neighbourhood shopping centres for a combined value of close to $200 million. That compares with similar shopping centre sales of $60 million in 2012 …

Melbourne’s iconic The Block Arcade is on the market for the first time in 20 years. The historic shopping centre in the heart of Collins St is expected to fetch more than $100 million, with …

When the iconic Melbourne restaurant the Stokehouse burnt down, it was a reminder to all business owners that disasters can happen.

Investors are snapping up CBD office blocks to turn them into apartments, in a ripple effect from the nation’s strong housing market. This emerged as a key trend in 2013 and industry experts are expecting it to continue in the year ahead.

Privatisation and automation are reshaping Australia’s container port market. Once the home of a cosy duopoly, Australia’s ports are set for a fight for market share for the first time in decades, with real ramifications for the freight industry and investors in transport properties.

More land for future development is on the Christmas wish-list for Australia’s industrial property market. Market experts believe logistics companies on the hunt for locations close to road, rail and port hubs will help drive the market in 2014.

There’s a shift on in Melbourne, with major business moving out of their suburban homes and into the CBD. A new report shows 16 companies moved from the suburbs to the CBD and its fringe in the past 12 months – up from three in the previous 12 months.

While recent GDP numbers proved disappointing, there’s a distinct lack of gloom in the CBD office sector, with agents predicting vacancies will fall in 2014.

Australian building owners are going green in a bid to boost the value of their asset and attract more tenants and buyers. Wyndham Civic Centre in Melbourne’s outer west recently became the nation’s first building registered for the Green Buildings Council of Australia’s Green Star – Performance rating.