NSW Commercial Property News

The contest to develop new skyscrapers above railway stations for Sydney’s planned metro network has drawn some the biggest names in local and international property, with local giant Lendlease going up against Canada’s Brookfield, a bid by Spanish-backed giant CIMIC and Grocon and another from Malaysia’s UEM Sunrise.

Despite repeated calls to decentralise the NSW public service, and push workers into the ­regions, one of the state’s biggest commercial office space users, the NSW government, is seeking up to 22,000sqm of high-quality ­office space in Sydney CBD or the southern CBD in a bid to amalgamate several agencies. 

Village Roadshow has signed a deal to sell its western Sydney Wet’n’Wild water park to Spanish theme park operator Parques Reunidos for at least $40 million.

Tucked in between shops of a slightly older vintage, Adwill Place is worthy of the title of a North Ryde landmark.

A rare corner block property which includes a Metro service station, mechanical workshop and residential dwelling has come on to the market in Randwick. 

Investors have dived back into the commercial property market with gusto at the most recent Burgess Rawson portfolio auctions. After a slower first half of the year the June auction rebounded in a big way, …

Major fashion and tourism events helped lift Sydney hotel occupancies and room rates to record levels in May.

David Jones chief executive David Thomas admits retail can be a brutal game but he is banking on cashed-up locals backing his grand plans for the chain’s $200 million redevelopment of its flagship Elizabeth St …

A Ryde property that was once home to the former RTA has sold for $3.756 million.