NSW Commercial Property News

The snap $45 million purchase of retail billionaire Gerry Harvey’s prized Byron at Byron resort on the NSW North Coast has further bolstered the Australian hospitality holdings of Syrian billionaire Ghassan Aboud.

The Yeh’s Group has bought the Seasons Harbour Plaza Sydney in a long-running play that will bolster a quiet Sydney hotel market that’s seen few deals struck this year.

Sydney-based real estate investor Markham has become the latest player to enter the city’s rising southern office precinct, proposing a new top-class office complex in Alexandria.

The top end Sydney’s office market is seeing a surge of activity at the start of the second half of 2019 with more stock likely to the hit the market as global buyers drive a wave of new deals.

Sydney’s landmark Chifley Tower and Plaza has become part of the Charter Hall empire, with the listed group taking control of the $1.8 billion office building after striking a partnership with its owner, Singaporean sovereign wealth fund GIC.

Media company Nine Entertainment Co has locked in a deal to consolidate its operations at its new headquarters in a $1 billion skyscraper in North Sydney.

Prolific artist and passionate wildlife conservationist Nafisa Naomi is on the move.

Abacus could emerge with a slice of one of Sydney’s premier office buildings as it has gone into due diligence on an interest in a tower being sold by Dexus and the private Perron Group for about $650 million.

Sydney’s pub boom remains in full swing with the well-known Commodore Hotel at McMahons Point sold to The Good Beer Company for $18.5 million.