Commercial Property Development News

QLD investor Peter Huang has confirmed his massive 327 hectare Kooralbyn resort is back on the market with a $68m price tag, packing a bonus as one of four Brisbane Olympic villages.

Sydney has recorded its largest ever apartment block sale at a whopping $45m and its buyer is NOT proposing to build units there.

Three Art Deco apartment blocks boasting sublime Sydney Harbour and CBD views could sell for more than the highest house sale of last year.

The historic Royal George Hotel in Perth’s East Fremantle is seeking a new hospitality or entertainment operator ahead of its major restoration and redevelopment that is set for completion in 2024.

Construction boss Brett Walker – who bought the historic Ray White mansion for $10m last year – has flipped $46m worth of Brisbane property to a Sydney corporate trustee.

Construction has begun on a $50 million artificial surf park in Sydney’s west, to feature a diamond-shaped surf lagoon as big as the SCG, pumping out “perfect, ocean-like waves” year-round.

The seedy Surry Hills City Crown Motel has just sold to prolific property developer George Karageorge, who is planning to convert it into apartments.

The property developer is doubling down on its holdings in ritzy Sydney locale as the market surges.

Cbus Property’s $1 billion Melbourne development will showcase one of the world’s first large-scale solar skin facades on a commercial development, casting a spotlight on the future of this sustainable technology.