Office

Selling homes is the first thing that comes to mind when most people think of becoming a real estate agent, but there are many reasons to consider getting into the world of commercial property.

Billionaire Andrew Forrest’s private Fiveight operation has snapped up a Perth office building for about $55m, flagging a push into commercial property at a time when many listed groups are selling down.

Workers are increasingly making the commute back to CBD offices, with most markets seeing a rise in occupancy last month.

Sydney office buildings are proving the surprise packet of the coronavirus crisis, with deep-pocketed offshore investors and local private buyers looking to snap up at least $500m worth of office blocks.

Macquarie Group has sold out of the Investa Property Group platform, bringing to an end its involvement in the battle over control of the $12bn office property empire.

Listed property giant GPT has joined the ranks of office block sellers, putting a one quarter stake in Sydney’s landmark Governor Phillip and Governor Macquarie Towers on the block.

If you’ve ever dreamt of owning and running your own ice skating rink, now’s your chance.

Property group Dexus is backing up its claim that office values will hold, selling a North Sydney office block for $273m, just above its book value.

Industry superannuation-backed property funds manager ISPT has come through a tough period with its $19bn empire of commercial real estate intact after facing hefty redemption requests as the coronavirus pandemic broke out.