NSW Commercial Property News

Hoteliers report a strong upsurge in the popularity of regional boutique hotels and retreats, but the same strong performance can’t be said of city properties in the ongoing global pandemic.

A 6.32ha senior living development blocked by the NSW Land and Environment Court in 2018 is back on the market with new DA approved plans.

The lack of hip hotels in Byron Bay, the iconic hippy township dominating northern NSW, coupled with a spike in the drive tourism market, has sealed the first hotel sale on the back of the pandemic.

Multi-billionaire Harry Triguboff has stopped construction of a serviced apartment tower in the heart of Melbourne and ditched plans for the development of others towers in Canberra and the western Sydney hub of Liverpool, saying it is too risky to pursue further hotel projects at this time.

A Bankstown building that is home to a number small office suites has become the most-viewed commercial property in the country.

The buyer of a major Sydney development site, with views to the Sydney Harbour Bridge, Cook + Phillip Park and St Mary’s Cathedral, says he is not concerned about COVID-19 and its substantial affect on apartment development sentiment.

WANTED: Celebrity chef with deep pockets and lifestyle aspirations to establish Byron Shire’s next destination restaurant.

Office developers are focusing their attention on suburban areas as major tenants look for alternatives to city centres in the wake of the coronavirus crisis.

North Sydney is set for a commercial development boom worth more than $1.5 billion, and major tenants are believed to already be interested in crossing the bridge.