Melbourne Commercial Property News

The family behind one of Melbourne’s favourite coffee brands has made bank selling their property in the epicentre of Brighton’s cafe culture.

It pays to buy and hold onto neighbouring properties, as one patient Wantirna seller is about to find out.

Unit giant Meriton has joined the ranks of Sydney developers forging into Melbourne but its entry is taking a twist with the company planning to build a serviced apartment project rather than sell flats in the sluggish market.

US real estate firm Hines has forged into office development in Australia with the purchase of a site in the inner Melbourne suburb of Collingwood where it will build a timber tower.

A Rosebud beachside shop leased to National Australia Bank is the latest Mornington Peninsula property to sell on a skinny yield, proving that investor interest in the holiday hotspot is more than just a summer fling.

Office property and funds management powerhouse Dexus is poised to buy QIC Global Real Estate’s prized 80 Collins St complex in central Melbourne, in a deal approaching $1.4 billion in value.

With Melbourne gripped by Harry Potter fever as The Cursed Child leaves Princess Theatre audiences spellbound, this quirky inner northern shop could prove to be the right tonic to mundane muggle life.

Melbourne is locking in its status as the country’s most chased office market with at least two major transactions close to being finalised in deals worth close to $2 billion.

The race for QIC Global Real Estate’s prized Collins St complex in the heart of Melbourne central business district is coming to a head with two major listed Australian players, Dexus and Charter Hall, in contention as another prime contender, Mirvac, bows out.