Melbourne Commercial Property News

Shopping centre owners have been slammed by the latest clampdown on retail in Victoria with restrictions hitting larger regional shopping malls particularly hard as they rely on discretionary retail and department stores.

The listed BWP Trust, which owns Bunnings warehouses around the country, says it is well positioned for the challenges created by the global COVID-19 pandemic, even as its anchor tenant readies for trade restrictions in Melbourne.

Supermarket giants Coles and Woolworths have introduced new trading hours during Melbourne’s Stage 4 coronavirus restrictions.

Melbourne’s constructions sites have not been spared under the new Stage 4 restrictions announced this week.

Stage 4 restrictions are in place across metropolitan Melbourne as the city attempts to slow the spread of COVID-19.

A second Northcote development site linked to former Melbourne footballer Clint Bartram is being sold under mortgagee instruction.

The powerful construction industry is pushing for major projects in Melbourne to remain open as the Victorian government prepares to impose strict rules on business amid fears a harsh shutdown could lead to a deep recession.

Melbourne’s stage four lockdowns will have a sweeping impact on the commercial property market, as the city begins another six weeks under more severe restrictions.

A property development and investment company co-run by a Hawthorn premiership player has been revealed as the buyer of David Jones’ Bourke Street Mall menswear store.