NSW Commercial Property News

Asian investors and developers coupled with cashed-up locals are vying to buy the two biggest commercial real estate projects in Sydney — the $200 million Nine Network head office site and one of the last dowager hotels in the city, the $400 million Sofitel Sydney Wentworth Hotel.

It is home to some of the Coast’s most opulent boats, catering for vessels up to 30m long and offering 71 wet berths, a two-storey commercial building and 45 car spaces.

The pile of shopping centres hitting the market is rising with the GPT Group joining Vicinity Centres and Challenger in putting an asset to market this week, with a property in Sydney’s Leichhardt on the block for about $150 million.

Pub baron Justin Hemmes has opened up to the Wentworth Courier exclusively about why he sold an iconic Potts Point site, owned by his famous family for 31 years for more than $13 million.

Billionaire Brett Blundy and businessman Victor Comino are going against the trend and making a big play for a $700 million-plus retail and office property in Sydney’s Pitt Street Mall.

Multi-millionaire Ian Gowrie-Smith has sold his secluded Berowra Creek retreat on the Hawkesbury River for $3.5 million.

Sydney’s Darling Harbour is closer to having a new skyscraper, with a fourth $1 billion-plus tower for the Cockle Bay precinct winning the support of an independent planning panel after a redesign by partners GPT, Brookfield and AMP Capital.

A property developer has paid a premium price for pub baron Justin Hemmes’s landmark property in Potts Point, Richardson and Wrench Elizabeth Bay agent Jason Boon has confirmed exclusively.

Retailer Gerry Harvey is looking to offload more of his trophy assets, with the luxury Byron at Byron Resort & Spa hitting the market for the first time since the billionaire opened it in 2005.