Melbourne Commercial Property News

Melbourne commercial property news, commercial real estate market data, business news and insights.

Centuria rides data boom launching AI factory with ResetData
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Centuria rides data boom launching AI factory with ResetData
Centuria and ResetData will launch the nation’s first sovereign AI factory later this year, leveraging Nvidia chips to provide AI capabilities at a fraction of other players’ cost.
Melbourne’s tallest building project faces strife as manager taps out
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Melbourne’s tallest building project faces strife as manager taps out
The developer behind plans for the nation’s tallest building is trying to find a backer, despite the project management company of the $2bn Southbank skyscraper falling into administration.
Wendy’s burgers: Manor Lakes set to be home to first store in Victoria
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Wendy’s burgers: Manor Lakes set to be home to first store in Victoria
A global fast-food giant could be eyeing a spot in one of Melbourne’s fastest-growing suburbs, with major brands tipped to join a booming new retail hub.
Melbourne CBD office vacancy rate stuck at 18 per cent, the Property Council says
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Melbourne CBD office vacancy rate stuck at 18 per cent, the Property Council says
Near record highs of new office supply was added to Australia’s major cities in the last year, but Melbourne’s CBD vacancy rate continues to be a concern to the Property Council.
High Street Memories: Alice ‘in Frames’ Zaslavsky on North Road, Ormond
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High Street Memories: Alice ‘in Frames’ Zaslavsky on North Road, Ormond
From high school teacher to MasterChef Australia alumni, Alice Zaslavsky – also known as Alice in Frames – cultivated her culinary curiosity on North Road, Ormond in Melbourne’s south-eastern suburbs. “I spent a lot of …
Simonds Group buys Dennis Family Homes for $10m in move that will affect thousands of Aussies building a new house
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Simonds Group buys Dennis Family Homes for $10m in move that will affect thousands of Aussies building a new house
Simonds Group have announced a $10m purchase of Dennis Family Homes, with hundreds of home builds to be transferred. And it’s being billed as a major confidence boost for housing.
David Jones Bourke St: iconic Melbourne store sell for more than $223m
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David Jones Bourke St: iconic Melbourne store sell for more than $223m
The David Jones store at the heart of Melbourne’s Bourke St mall has sold in a $223.5m dollar deal that has put the store back in Australian hands for the first time in a decade.
High Street Memories: Jo Stanley on Glenhuntly Road Elsternwick
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High Street Memories: Jo Stanley on Glenhuntly Road Elsternwick
When radio personality Jo Stanley left her northern home suburb of Yallambie for the southern suburbs as a university student, Glenhuntly Road Elsternwick became her regular shopping strip. It was the early ’90s, she was …
Elsternwick: Tennis court block served up with multimillion-dollar asking range
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Elsternwick: Tennis court block served up with multimillion-dollar asking range
A block consisting of two tennis courts in Melbourne’s inner south has been listed with a multimillion-dollar asking range — more than double its suburb’s median house price.
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