Preston Commercial Property News

For a Melbourne suburb with proudly working class roots, it’s somewhat surprising that Preston has yet to count a major industrial park among its many warehouses and commercial properties. But that’s set to change, with …

A quirky warehouse studio in Preston is likely to make way for a multi-level development site.

This mouth-watering Preston unit comes with the lot.

A Preston landmark once famous for its undies but left bare has sold under the hammer.

The sale of Preston’s former Rivoli Theatre has been a slow motion production.

A warehouse with a revealing past is a dream conversion waiting to happen.

The Foreign Investment Review Board is the only entity standing in the way of the $157 million sale of Melbourne’s sprawling landmark the Bell City Hotel to offshore interests. 

Hong Kong private equity firm Gaw Capital is moving to buy the landmark Bell City Hotel in Melbourne for more than $160 million in what is shaping as one of the largest hotel deals of the year.

Real estate fund manager Elanor Investors Group is putting Bell City, a landmark hotel, student accommodation and office complex in Melbourne’s northern suburbs, on the block with expectations of more than $180 million. This article originally appeared on theaustralian.com.au/property.