Office

Tycoon Lang Walker has brushed aside rival developers to win a tender to house about 4200 NSW public servants in a Parramatta office tower being pitched as the country’s largest.

The Defence Department has flagged a major shake-up of its property holdings that could see it shift to new digs in Sydney, Melbourne and Canberra, in one of the department’s biggest ever real estate moves.

Tycoon Lang Walker has dumped plans to build a $400 million office tower in Brisbane’s Fortitude Valley, offloading the site to fund manager EG for $27.72 million.

Heavyweight property group Brookfield has put the Jessie Street Centre in the heart of Parramatta up for sale amid expectations it will go for about $400 million.

The amount of empty office space around the country has reached the lowest levels in almost six years despite a modest slowing in the rate of absorption.

Thinking of investing in commercial property but not sure where to start? Here’s an overview of each segment of the commercial market.

In almost every sphere, Melbourne and Sydney are sworn enemies and if a new survey is to be believed, the southern capital has just taken a major title from the harbourside city; as the preferred destination for Australian-based commercial property capital.

Perth’s office sector is set to outperform the rest of Australia’s major CBD markets this year, according to leading commercial real estate services and investment firm CBRE. CBRE expects the West Australian capital to record the …

Melbourne’s new-look Jam Factory precinct in South Yarra will pave the way for the suburb’s office market to almost double in size over the next four years.