Melbourne Commercial Property News

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.

A Victorian fruit farm is shaping as a sweet deal for investors, with the regional asset the most-viewed commercial property in the state over the past week.

South African department store chain Woolworths Holdings has sold the David Jones menswear store on Melbourne’s famed Bourke Street mall to funds manager Newmarket Capital in a $121m deal that could bolster the beaten-down sector.

Singaporean sovereign wealth fund Government Investment Corporation has kept up its property buying spree during the coronavirus pandemic, picking up a half stake in a Melbourne office tower in a deal valuing the building at about $410 million.

An affordable service station investment at one of suburban Melbourne’s most prominent locations could spark a race to the pump for investors.

The next six weeks will be critical for Melbourne’s commercial property market at it waits to learn the full impact of the city’s second coronavirus lockdown. REA Group chief economist Nerida Conisbee says maintaining consumer …

A discount chemist in Melbourne’s south-east could provide real value for investors, with the property’s location and potential affordable price point already proving a hit. The Direct Chemist Outlet at 1146-1148 North Road in Oakleigh …

Childcare is big business and investors continue open their wallets for the asset class, with a Melbourne centre snapped up for $11.5 million. The Footscray Nino Early Learning Adventures Centre, is  Australia’s first childcare centre sold to …