Melbourne Commercial Property News

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.

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.