NSW Commercial Property News

Chinese property developer Poly Global has snared strong interest in the $500 million tower it is building at Sydney’s Circular Quay, with local listed company GPT eyeing off a play to buy into the development.

A private Hong Kong family has swooped on a major office tower in the heart of Sydney, picking up the O’Connell St block from the Oxford Investa Property Partnership for about $315 million.

Major developers are jostling to build a new office tower in North Sydney that could be worth about $330 million with the contest for the site drawing interst from heavyweights including US group Hines and local player Primewest.

In the largest gaming hotel deal negotiated in Australia this year, the publicly-listed Redcape Hotel Group has sold the St George Hotel in the western Sydney suburb of Belmore for $47.1 million, to two private hoteliers.

Industrial land values have more than doubled across Sydney in the last five years according to new figures that show booming infrastructure projects are driving demand. 

It’s been described as a “hole in the wall” but one of central Sydney’s smallest retail spaces could prove to be a gold mine for one lucky investor. 

Commercial property investors with a penchant for cheeseburgers may see a golden opportunity in this new Maccas site listing that is just 11km from the Newcastle CBD.

Western Sydney University has partnered with home builder Mirvac to redevelop its Milperra campus as it transitions towards vertical campuses.

Sydney shopping centres are holding their own against the tide of falling values and sluggish trading conditions with activist funds manager Fortius buying Cammeray Square from property trust Stockland for $39.05 million.