Commercial Property Development News

Brisbane’s office market has turned into a battle for the banks.

A mixed retail and residential complex proposed for Harrington St in Hobart would set a dangerous precedent for the city, a former Hobart City Council architect says.

Dodo founder Larry Kestelman is planning to develop a $140 million, 10-storey office building in an inner northern suburb of Melbourne, hoping tenants will see the benefits of working near home instead of in the congested CBD.

A joint venture between Ashe Morgan and DMANN Corporation has secured approval for a 26-storey modern office block in Brisbane’s CBD as more developers seek to cash in on the city’s improving office leasing market.

A new Melbourne apartment tower by Malaysia-backed EcoWorld International will feature one of the latest must-haves for unit dwellers: a co-working space.

Lendlease is pushing ahead with its Two Melbourne Quarter office tower, selling the $550 million project to First State Super and to one of its funds as it signs anchor tenant EnergyAustralia.

Poly Australia could push ahead with a Melbourne office development even without precommitment from a major tenant, as space in the city’s tight office market remains in high demand. 

Cbus Property could embark on a $1 billion project to rival the Pantscraper building in size and scale as new developments push ahead in Melbourne, with local developers picking up the slack as foreign developers tread with caution.

Brisbane’s first new five-star hotel in 20 years will open in June, marking the re-entry of the W brand into Australia.