NSW Commercial Property News

A new residential development has launched in Mascot and is set to be a breath of fresh air for the suburb’s dated shopping strip.

Private equity and property giant Blackstone is poised to double its money on an investment in Sydney’s Top Ryde City Shopping Centre by putting the site on the block for $700 million, just over five years after taking over the asset.

Listed groups Charter Hall Retail REIT and Vicinity Centres has sold almost $100 million worth of smaller shopping centres as they switch focus to higher value ­assets.

The US consulate will move from Sydney’s CBD for the first time in 25 years, and into North Sydney. 

A $500 million portfolio of retail homemaker centres is set to hit the market with properties up for grabs in Queensland and New South Wales.

The Abu Dhabi Investment Authority, the world’s third-largest sovereign investment fund, is putting its flagship hotels at Sydney Olympic Park on the market in what could be the year’s largest single hotel transaction.

Shanghai-based property developer Heworth has submitted a $135.3 million development application for the old Balmain Leagues Club even though the NSW government is looking to compulsorily acquire the site for a major infrastructure project.

US online commerce juggernaut Amazon is expanding its Australian presence, striking a deal to lease a new warehouse in western Sydney owned by Goodman Group.

The new Australian Taxation Office building at Gosford has recently been sold to the City of Brisbane Investment Co for $43.5 million.