NSW Commercial Property News

An offshore group has swooped on a half stake in Sydney’s landmark Grosvenor Place in a deal valuing the entire tower at about $2bn, as international players back the recovery of Australia’s office markets.

A 30.35ha property on the Hawkesbury River with roots to the First Fleet is on the market after being owned by the same family for 40 years.

North Sydney could become the city’s “CBD North” as major tech, media and telecom businesses move out of the city centre, new data has revealed.

A backpacker’s paradise with development potential the heart of Byron Bay is set to hit the market for the first time in 37 years.

An indoor climbing centre on Sydney’s Northern Beaches has rocked the commercial property market, having been snapped up for $4.87 million.

The nation’s hotel market is slowly coming back to life, with China’s Greenland Group preparing to list the landmark five-star Sydney CBD Primus Hotel at an asking price of about $170m, while the Accor Invest Australia portfolio, worth around $200m, is back on the market after the collapse of a sale to fallen investor Michael Gu.

A much loved inner west icon is on the market for the first time in over 20 years with a sweetener for the Sydney developers.

Developers are circling a prized parcel of land on the door step of the Western Sydney Aerotropolis.

Development and construction company Grocon claims it is in a David and Goliath-style fight against the NSW government as it warns it may have to make 80 staff redundant so it can fund a legal battle over its costly exit from Sydney’s harbourside Barangaroo precinct.