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Commercial Property Development News
Commercial property development news and market insights.
News
Geelong nightclub making a comeback amid sale
News
Chinese giant to offload Salesforce Tower stake as prime market bounces back
China’s Ping An Real Estate has put its half stake in Sydney’s premier Salesforce Tower up for grabs, with institutional investors tipped to battle for the $900m prize.
News
Keppel swoops on Charles Sturt University campus in $65m play
Singapore’s Keppel has paid $65.5m for Charles Sturt University’s North Sydney campus, as education assets emerge as a bright spot in commercial property.
News
Historic Brighton Bay St shops hit market after 90 years
A piece of Brighton’s retail history comes to an end as century-old Bay Street shops hit the market, expected to fetch $2.4m combined.
News
Lendlease flags plans to grow $10bn funds amid super fund dissent
The investment manager is standing behind three large funds which control $10bn worth of assets, even as they come under threat from rival Mirvac.
News
Mirvac strikes deal with Japan’s Mitsubishi for $2.3bn Harbourside
The Japanese heavyweight is making waves in Australian development, pouring $17bn into local projects.
News
New retail village in Hills District opens ahead of planned estate
A new shopping precinct has opened its doors in Sydney’s Hills District ahead of a planned housing community for 20,000 residents.
News
Lendlease gets the nod to keep $2.8bn retail fund from independents
Independent directors have backed Lendlease to keep managing its $2.8bn retail property fund, dealing a blow to rival Mirvac’s ambitions.
News
McDonald’s scraps plans for controversial Sydney restaurant
McDonald’s has quietly walked away from a multimillion-dollar expansion plan after community revolt.
News
TCA showing class with $390m Melbourne swoop
Singapore fund manager TrustCapital Advisors is eyeing Melbourne’s $390m Monash College complex as GPT’s flagship office trust moves to reduce debt.
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