NSW Commercial Property News

Local property developer Landream has snapped up a major development site in Sydney’s inner-city Pyrmont that can accommodate a landmark mixed-used project that could have an end value of more than $1 billion.

The developer of the troubled Opal Tower has pulled out of its bid to win the lucrative rights to redevelop the high profile Sirius Building in Sydney’s Rocks district following a lobbying effort by powerful NSW councillors and MPs.

Timber buildings are the flavour of the month in the tower design and construction world, and the University of New South Wales is the latest group to jump in on the trend.

Sydney’s northern suburbs have emerged as a drawcard for international property investors with more than $1 billion worth of office towers now in play.

Australia’s office markets have recorded their lowest vacancy rates in five years as Sydney has experienced the least amount of empty office space since the 2000 Olympics, according to JLL.

A multimillion-dollar Cordina chook farm with five sheds and the capacity for up to 90,000 birds is on the market in Kulnura.

It is perhaps the most prestigious building in the heart of Sydney’s finance district that has housed some of the most colourful characters among the country’s corporate elite.

One of Tamworth’s longest standing and most historic worker’s pubs could be shutting off its taps for good, with the Locomotive Hotel on the market and drawing interest from developers.

After ditching plans to convert the old Richmond Post Office into a restaurant and bar, owner millionaire financier and Mortgage Choice co-founder Peter Higgins has put the historic property up for sale.