Commercial Property Development News

Chinese-backed developer JQZ has bought the former factory site of confectionary company Darrell Lea in Sydney’s south for an estimated $80 million, with plans to build 550 apartments. This article originally appeared on theaustralian.com.au/property.

Patience has proven to be a lucrative virtue for a savvy family of investors who spent more than 20 years gradually acquiring an entire block of townhouses in Brisbane’s inner west.

James Packer’s Crown Resorts and Schiavello have appointed property consultants Knight Frank to market the One Queensbridge apartment project in Melbourne’s CBD. This article originally appeared on theaustralian.com.au/property.

The Longhurst Group has picked up Sydney’s landmark Edgecliff Centre in a deal worth $138.75 million that positions the developer to overhaul the complex into a major mixed-use project. This article originally appeared on theaustralian.com.au/property.

Plans have been approved for a giant staircase to be built as part of a new community space in the middle of Manhattan.

Listed developer Villa World and its Sydney-based partner Greenfields Development Company have purchased a 153ha development site south of Brisbane for $50 million, with plans to build 1500 homes. This article originally appeared on theaustralian.com.au/property.

A prime 2.96ha waterfront development site in the heart of Townsville’s Breakwater Marina and near the Townsville Entertainment and Convention Centre has been placed on the market.

A department store brand not yet seen in Australia is among the luxury retailers being sought by the Star Entertainment Group to open at the $3 billion Queen’s Wharf development in Brisbane. This article originally appeared on theaustralian.com.au/property.

The Victorian government has unveiled a $7 billion plan to revive the Arden precinct in North Melbourne over 30 years, boosting housing supply in an area currently in industrial use. This article originally appeared on theaustralian.com.au/property.