NSW Commercial Property News

A medley of commercial property types attracted interest over the Christmas-New Year season from offices to shopfronts, medical facilities and warehouses.

Aldi has sold a former supermarket site in western Sydney for $21 million to a private investor who eventually plans to redevelop the property.

Pubs are attracting a lot of attention in the commercial property market as interest in the hotel and leisure sector grows after COVID-19 lockdowns.

The iconic hotel which is in a prime position and fully operational, with no vacancies over the holiday season, is a ‘bargain’ for the price

Investors have snapped up a Dan Murphy’s, Starbucks, Red Rooster, KFC, Hungry Jack’s and McDonald’s in auctions totalling $160 million.

Australia’s cities are taking shape in the wake of the coronavirus crisis with capital being poured into major projects including billion dollar-plus office towers and luxury apartment projects in the heart of Sydney and Melbourne.

Acquisitive pub baron Arthur Laundy has capped off a strong year, paying $35 million for Sydney’s Bidwill Hotel in one of 2020’s larger deals.

A record number of industrial and warehouse listings, including a novel opportunity for people to create their own ‘city cave’, made last week’s most-viewed commercial properties.

The property industry has called for a federal government road map to getting workers back into their CBD offices after the number of people returning stalled in the lead up to Christmas in most markets.