NSW Commercial Property News

Sydney’s three major rail projects will have the biggest impact of any infrastructure projects on the state’s property markets over the next six years, according to a report by JLL.

Global finance and insurance group Zurich Financial Services is looking to tap into the surge of interest in major towers in North Sydney and will offer the $350 million-plus building it is developing for sale.

A busy childcare centre set in a suburban hot spot has been snapped up by an investor. 

The fourth Manly backpackers in a year is for sale, and this one might be converted into a house.

St Ives Shopping Village in ­Sydney has won the title of Australia’s highest revenue neighbourhood shopping centre, with annual sales of $245.26 million. 

French giant AXA Investment Managers-Real Assets is poised to strike the biggest hotel deal of the year after it entered due diligence to buy three ­hotels at Sydney Olympic Park and a fourth in Canberra for up to $330 million.

Hong Kong investor Longbow Holdings has finalised its purchase of a building in Sydney’s Kent Street occupied by the Central Queensland Univer­sity for $111.8 million.

Wealthy hotelier and cosmetic surgeon Jerry Schwartz is planning to convert the historic Newcastle Post Office into a convention and wedding centre after buying the near-derelict landmark for $3.5 million.

Two regional sales have been struck in NSW and Queensland, with property fund manager MPG Funds Management buying a Bunnings for $44.65 million and Shakespeare Property buying a Sunshine Coast resort and land parcel for about $100 million.