NSW Commercial Property News

An opulent hotel development fronting Sydney’s Hyde Park is about to hit the market in a move that will help spark a larger $1 billion-plus project by the listed Dexus Property Group and billionaire Stan Perron.

The final unit blocks in Sydney’s Millers Point sold under the hammer for $8.675 million earlier this week.

Funds manager AMP Capital has tightened its grip on the Sydney precinct surrounding Wynyard station, buying half stakes in two buildings in Carrington St worth about $500 million in their entirety.

Australia’s worst drought in 400 years has led to a significant decrease in the number of farms coming onto the market in New South Wales and Queensland, real estate agents have said. 

The Andrew Roberts-backed RF CorVal is looking to capitalise on Sydney’s hot suburban office market with the offer of a Chatswood tower that can accommodate a new boutique building on surplus land on the site. 

The tightly held Parramatta office market has been shaken up by a major office sale and proposals for two new towers.

A Melbourne-based Chinese developer is set to go ahead with approves plans for 28 townhouses on a massive site next to South Geelong Railway Station.

Every year the Property Council asks which office markets will perform best in the year ahead. For about five years, the answer has been Sydney. Indeed, the Sydney office market has been the best of all the commercial markets over that period.

The Turner family-owned Spicers Retreats is poised to open its ninth boutique hotel on the eastern seaboard after splashing out more than $20 million on a two-year renovation of an existing property.