Commercial Property Development News

Commercial property development news and market insights.

Huge 44-unit Elsternwick block to fetch eight figures
Elsternwick could be set for a new apartment project with a massive block in search for a new owner. 
Younghusband Wool Store’s dramatic $50m transformation
Impact Investment Group is pushing ahead with a $50 million redevelopment of a former warehouse in Melbourne’s inner west after receiving planning approval for its first stage.
Inspiration & Style
Calls for ‘green roofs’ on all commercial buildings
Australia’s peak body for landscape architects has stepped up calls for local governments to make green roofs compulsory on new commercial buildings for the environmental benefit of cities.
Hobart rides $215m construction boom
The Hobart City Council issued development permits worth $82 million in January this year as it heads toward a five-year high.
New Hervey Bay retirement village given green light
Ingenia Lifestyle has been granted a development approval for a new over 50s lifestyle community at Hervey Bay.
Allianz joins NAB at Wynyard Place
Global real estate company Brookfield is close to securing a major new financial services tenant at its $1.8 billion Wynyard Place Sydney development and is moving to sell down some surrounding properties.
Wanda finalises sale of $1bn mega-projects
Companies linked to one of China’s most controversial businessmen, billionaire Huang Xiangmo, have outlaid more than $1 billion to buy two major development sites from an arm of troubled Chinese conglomerate Dalian Wanda Group.
Marriott to push ahead with Melbourne hotel
The first Marriott International hotel built in Australia in 20 years will proceed even if the bulk of residential apartments that form part of The Docklands project are on the market.
Japanese developer has second crack at Sunshine Coast resort
A Queensland council has been overwhelmed by the response to a proposal for a $900 million five-star hotel and apartment development opposite the mothballed Palmer Coolum Resort.
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