NSW Commercial Property News

Commonwealth Bank has issued a major space requirement in Sydney’s central business district in a move viewed as a precursor to the spin-off of its wealth management and mortgage broking businesses.

Specialist adviser to wealthy Asians, iProsperity Group, has quietly sold its Park Regis Hotel in Sydney for $54.18 million, a 23% increase on its purchase price of less than two years ago.

The Polish Club in Ashfield has joined forces with neighbouring properties to sell part of their inner west real estate profile.

A private Hong Kong group has swooped on a North Sydney tower, buying it from a fund managed by Propertylink that is backed by investment bank Goldman Sachs. 

Four NSW universities will band together to create a world-class science, technology, engineering and maths education facility within the new Western Sydney Aerotropolis.

A funeral home and a popular Queensland Hungry Jack’s were among about $50 million worth of commercial property sold over two days of Burgess Rawson investment auctions this week. Nine of 12 properties on offer …

Development major Lendlease is selling the uniquely configured The Exchange complex planned for Sydney’s Darling Square, with hopes of fetching about $70 million.

Fund manager Anton Real Estate Partners is cashing in on the Sydney office boom by offering up a $150 million-plus tower in the northern suburb of St Leonards.

The western Sydney hub of Parramatta is on track to hit 1 million square metres of office space by 2022 as major tenants look for new space that could drive construction of new towers.