NSW Commercial Property News

Hong Kong-based K Wah has joined the array of Asian buyers that have snapped up Sydney towers and has just struck a deal to buy a building from funds giant TH Real Estate for about $192 million. 

NRMA has further bulked up its $500 million-plus tourism and travel portfolio by snapping up caravan parks and tent sites on the central Queensland coast and the NSW central west.

It is shaping up as the year of the mega deal for top shopping centres, after mall landlord Vicinity Centres and Singapore’s sovereign wealth fund GIC agreed to swap assets worth a combined $1.1 billion.

Politicians’ former offices, stunning converted churches and trendy inner-city Sydney bars were among the most-viewed properties sold and leased through realcommercial.com.au over the last week. Check them out here. Top 5 SOLD commercial properties 1. 2/142-152 …

The Chester Square Shopping Centre in Sydney’s southwest has been sold by a Smorgon family-linked company for $68.5 million on one of the tightest ever yields at which a neighbourhood shopping centre has traded.

Funds management giant TH Real Estate has secured a buyer for its A-grade office block in Hunter Street in central Sydney with Hong Kong-based K. Wah angling to purchase the building for more than $190 million.

Controversial plans to surround one of Sydney’s grandest colonial mansions with burial grounds ­appear to have ended with Rookwood General Cemeteries ­Reserve Trust walking away from plans to buy the Fernhill Estate in Mulgoa.

They say you shouldn’t bring your work home with you. But if current design trends offer any cues, there’s nothing wrong with bringing your home to work with you. Workplaces, including construction company Richard Crookes …

The disparity in residential property prices between Sydney and Melbourne is also manifesting in the industrial rental market, where the price gap has widened dramatically over the last five years, according to new figures. CBRE …