Commercial Property Development News

Commercial property development news and market insights.

News
Lang walks: $400m Fortitude Valley office tower dumped
Tycoon Lang Walker has dumped plans to build a $400 million office tower in Brisbane’s Fortitude Valley, offloading the site to fund manager EG for $27.72 million.
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China’s Poly plans major Ascot project
Chinese-backed developer Poly Australia has secured its first acquisition in Queensland and has unveiled plans for a major residential project in the Brisbane suburb of Ascot.
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Jam Factory to help double South Yarra office market
Melbourne’s new-look Jam Factory precinct in South Yarra will pave the way for the suburb’s office market to almost double in size over the next four years.
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Accor signs on for new Rouse Hill hotel
Lewis Land Group has struck a deal with French hotelier group Accor to manage a new 78-room mid-scale hotel at Rouse Hill, about 45km from the Sydney CBD.
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Dexus to pull trigger on $1.4bn deal for 80 Collins St
Office property and funds management powerhouse Dexus is poised to buy QIC Global Real Estate’s prized 80 Collins St complex in central Melbourne, in a deal approaching $1.4 billion in value.
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Parramatta office tower boom picks up steam
The western Sydney hub of Parramatta is on the rise with a brace of new office towers under way even as the residential property slump cripples the prospects of new apartment buildings.
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Sydney office market engulfed by new tech tenants
The top end of Sydney’s office tower market is being dramatically reshaped by technology tenants that are turning parts of the city into hi-tech zones.
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80 Collins sale to set billion-dollar tone for Melbourne market
The race for QIC Global Real Estate’s prized Collins St complex in the heart of Melbourne central business district is coming to a head with two major listed Australian players, Dexus and Charter Hall, in contention as another prime contender, Mirvac, bows out.
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Entire top floor for sale at Adelaide’s Quest Hotel
It’s long been regarded as one of Adelaide’s most iconic city high-rises, built during the boom years following World War I.
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