Office

Melbourne’s Grollo family has sold a suburban office building leased to the Victorian government for $165 million.

Billions of dollars worth of office towers are trading but pricing is fluid as the cost of money heads higher.

It’s anyone’s guess what the future holds for a heritage-listed central Queensland property. Known as the Harbour Board building, the 1898-built Rockhampton property in central Queensland offers a rich history and strong local economic growth.

In one of the most significant signings, social networking operator TikTok is looking at a major chunk of space in Sydney’s soon-to-be tallest office tower.

Two buildings next to the Broadmeadows railway station have been put up for sale, with potential buyers expressing interest in potentially paying up to $30m for the site.

Holdmark has emerged as the buyer of a major Bligh Street complex in the heart of the Sydney CBD that is trading for about $210m.

A 100 per cent government-leased landmark Tasmanian building is up for grabs and set to fetch a multimillion dollar sum.

Work from home mandates dealt a harsh blow to flexible office providers and – for some in the sector – proved too tough to survive. But with offices now open again, the story is starting to shift. And far from spelling the end of the coworking, the rise of hybrid ways of working could actually prove a boon to the flexible office model.

Fund manager Australian Unity has offloaded a Parramatta office block for $87.251m as the national wave of deal-making hits Sydney.