NSW Commercial Property News

US online behemoth Amazon envisages distributing more than a million parcels a day from its new $500 million distribution facility in Sydney’s west and it will introduce the largest army of its roboticised helpers in the southern hemisphere to get the job done.

Multi-billionaire developer Harry Triguboff will stimulate the embattled tourism economy by reopening 10 of his serviced apartment towers in NSW or Queensland each week for the next 10 weeks, but he says people must get back to work.

The future of a large industrial site at Auburn will be revealed in the coming months, after a Sydney hotel developer bought the property at auction. The private developer paid $4.2 million for the warehouse …

Investment bank Macquarie Group is again negotiating to sell an under-construction skyscraper in the heart of Sydney that it is developing above the new Martin Place metro station that it was close to selling for almost $1bn before the coronavirus crisis struck.

Australian tech giant Atlassian has detailed plans for its new headquarters at the tech precinct at Sydney‘s Central Station, with the company declaring the building will generate 2500 jobs and nearly $1bn for the local economy.

A half vacant commercial office block in Parramatta has sold to a local investor for nearly $40 million – some eight years after it sold fully leased for $18 million.

Office powerhouse Dexus has completed the sale of a major Sydney tower at a price higher than its book value a year ago and flagged relatively strong property valuations, showing a dip of about $200m, as prime office towers hold up.

The opening of the Commonwealth Bank‘s latest office building in the inner Sydney suburb of Redfern provided a stark glimpse into the future of office work.

Few commercial properties get Australians as excited as the chance to buy a small local pub. And the Blue Goose Hotel at Junction Hill, north of Coffs Harbour, is no exception, with interest in its …