Commercial Property Development News

Commercial property development news and market insights.

Inspiration & Style
HoMo: Plans for stunning five-star MONA hotel revealed
A redevelopment at Hobart’s Museum of Old and New Art will include a five-star, 172-room hotel that extends out over the River Derwent.
Inspiration & Style
Facebook reveals plans for its own town
Facebook is now so big that the social media goliath plans to build its own town in California’s Silicon Valley. According to a post on the company’s blog last week, Facebook plans to develop the …
News
Council gives green light for Perth Plus tower
Canadian giant Brookfield is advancing the development of Perth’s tallest tower at the gateway of the city’s $2.6 billion Elizabeth Quay precinct, winning council backing for the architecturally striking project. This article originally appeared on theaustralian.com.au/property.
News
Singapore developer to build 5000 student beds Down Under
Singapore-listed developer Wee Hur has created a specific trust to fund and build 5000 student accommodation beds in Australia’s major cities, using its existing Brisbane and Adelaide sites as the first tranche. This article originally appeared on theaustralian.com.au/property.
News
Australia Post sells $348m stake in police HQ
Australia Post has sold out of a Melbourne skyscraper that will house the Victoria Police headquarters in a $347.8 million deal just as ­incoming chief executive Christine Holgate prepares to overhaul Post’s operations. This article originally appeared on theaustralian.com.au/property.
News
Gold Coast mayor backs new $600m amusement park
The powerful mayor of the Gold Coast, Tom Tate, is backing the development of a $600 million theme park to be built by one of the world’s biggest operators in southeast Queensland. This article originally appeared on theaustralian.com.au/property.
News
Mandarin Oriental to open new Melbourne luxury hotel
Luxury Hong Kong hotelier Mandarin Oriental has beaten other big name hoteliers such as The Peninsula Group and Aman Resorts in the race to open for business in Australia. This article originally appeared on theaustralian.com.au/property.
News
Water park, new rides part of $50m Gumbuya Park boost
Popular but ageing family fun park Gumbuya Park will receive a $50 million facelift in a bid to make it one of Victoria’s best tourist attractions. The Tynong facility, which has operated for nearly 40 years, will be …
News
Perth to get first Wyndham LUX hotel
American hospitality giant Wyndham Hotel Group is strengthening its presence in Western Australia, announcing its third Perth hotel, set to open in late 2018, and its first in the city under the company’s Wyndham LUX brand. This article originally appeared on theaustralian.com.au/property.
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