Melbourne Commercial Property News

Commercial property landlords in Victoria will receive further land tax concessions as they battle the ongoing impact of the coronavirus on business.

Victoria’s small commercial landlords will share in a new $60 million hardship fund to help them weather the COVID-19 restrictions currently in place across the state.

Victorian commercial property tenants will be further protected from rent increases and evictions under renewed measures from the State Government during the second wave of coronavirus.

Solomon Lew’s Premier Investments has hit back at criticism of its hardline tactic of not paying rent when it closed stores during the coronavirus pandemic and for receiving the JobKeeper subsidy, and will close a store in a Melbourne mall co-owned by Salta Properties, which had called out the retail chain.

Food and beverage operators are seeking smaller, kitted out premises as the demand for takeaway and home delivery grows due to the coronavirus pandemic.

Blue-chip companies and advisory firms are seeking to sublease space in key city towers as the coronavirus crisis hits home for corporate Australia.

COVID-19 has transformed aged-care facilities across Melbourne into a place few would want to call home.

Seven silos connected to those beneath Melbourne’s iconic Nylex Clock are being prepared for “a pretty careful bit of demolition” — by a robot named The Punisher.

Funds manager Centuria Capital has taken its property empire close to $10bn, with its listed industrial fund snapping up a Telstra data centre for $416m.