NSW Commercial Property News

Scentre Group, owner of the local Westfield mall empire, is weighing up interest in the landmark office towers that sit over and around its Westfield Sydney complex, with private equity group Blackstone believed to be most advanced in negotiations.

Student accommodation company Scape has begun its redevelopment of “The Block” in the Sydney suburb of Redfern into a 554-room building as it also moves ahead with the building of several major east coast projects it plans to bring on line by the end of 2021.

Meriton and Crown are among the big-hitting Australian groups jockeying for the $200 million Nine Network head office site in Sydney that attracted early attention from superannuation fund-backed Cbus Property.

Retail magnate Gerry Harvey’s stunning Byron at Byron Resort & Spa is officially on the market, less than a month after news the billionaire was considering selling. The renowned eco-resort, which opened in 2005 and has never been sold, was mooted as a potential $50 million sale and is expected to attract interest both locally and abroad.

A privately owned Parramatta developer has purchased the West Gosford Shopping Centre for $23 million, with a promise to “redevelop and reinvigorate the precinct”.

One of western Sydney’s thriving shopping centres is up for grabs — and it has buyers from near and afar licking their lips.

A young investor is being sought for the Westpac Bank premises in the heart of Manly.

Chris Alison, who has owned the Hyams Beach Store and Cafe for 27 years, is hanging up his hat and is wondering if a certain entrepreneurial food and beverage man is interested in buying the business.

Nine neighbours opposite the Northern Beaches Hospital are selling at the same time in the hope a developer will rescue them from years of frustration.