Commercial Property Development News

In 1959, Sydney Lord Mayor Henry Jensen came very close to putting a wrecking ball through Sydney’s much-loved Queen Victoria Building.

Student accommodation company Scape has begun its redevelopment of “The Block” in the Sydney suburb of Redfern into a 554-room building as it also moves ahead with the building of several major east coast projects it plans to bring on line by the end of 2021.

A striking glass facade will modernise the iconic state building, and a 1500-seat theatre will dramatically increase its capacity.

GPT is looking to steal a march on its rivals by unveiling designs for a premium office tower that will sit atop Melbourne Central and become the central business district’s largest timber building.

It’s good to know that young homebuyers aren’t the only ones being turned away by the big banks.

Plans to convert the old Geelong Advertiser building for student accommodation will provide a boost for the resurrection of the city centre, a local commercial real estate agent says.

A striking artwork has completed a Melbourne property developer’s regeneration of a Belmont retail building.

Victoria’s wealthy pub kings, the Zagame family, are planning a national expansion of boutique hotels in NSW and Queensland after last year coming close to selling their $300 million casino and hotel empire to pub operator Redcape and investment bank Moelis.

Sydney’s Darling Harbour is closer to having a new skyscraper, with a fourth $1 billion-plus tower for the Cockle Bay precinct winning the support of an independent planning panel after a redesign by partners GPT, Brookfield and AMP Capital.