Commercial Property Development News

The largest private landholding with beach frontage on Phillip Island has hit the market. The 15,363sqm site is made up of seven titles, all in a residential zone, and has been home to the Kaloha Holiday Resort for more than 40 years.

Once the nerve centre of Fremantle’s wool industry, this landmark heritage warehouse provides a blank commercial canvas and opportunity to create the next chapter of history. Redeveloped by M/Group as Heirloom by Match in 2016, the former Dalgety Wool Store has been transformed into a New York-style industrial warehouse with 183 completed residential apartments and a dual-use commercial space, which has been listed for sale at $1.6 million.

One of NSW’s largest hospitality groups has bought Whitsunday’s Long Island for close to $20 million. Oscars Hotel Group, owned and operated by brothers Bill and Mario Gravanis, has plans to significantly redevelop the resort which has been closed for five years. This is the group’s first Queensland investment.

Sydney Metro has paid close to double the median house price for several houses owned by Woolworths as part of the future Metro West line.

A gateway commercial site in Geelong’s west is poised to capitalise on the next urban growth corridor.

A super site adjacent to The Village Warralily shopping centre offers buyers a prime opportunity to capitalise on Armstrong Creek’s enormous growth.

Two original unit blocks at Miami will go under the hammer with the site approved for 15 boutique apartments.

The substantial freehold property that’s home to an inner city childcare centre is being eyed off as a potential development site in Geelong.

The Intercontinental Hotel Double Bay, where Princess Diana stayed in 1996 and Michael Hutchence was found dead a year later, has sold for around $180m to an apartment developer.