Commercial Property Development News

The boom in Melbourne’s mansion market has taken on a new life and could be further spurred by the latest entrant into the field: property developers. In one of the latest sales, Trenerry Property Group has swooped on the classic Poolman House in a transaction quietly brokered by Sean Cussell of Christie’s International Real Estate.

One of these homes has never sold, another for just $77K. They’re now playing the market for eight figures.

Daniel Grollo has handed the administrators of the collapsed Grocon empire a plan to pay out creditors, with its prospects to be decided this month.

A Centrelink office, waterfront pub and neighbouring oceanfront homes that may make way for apartments are among a diverse range of commercial properties featuring in this week’s most popular realcommercial.com.au listings.

A large parcel of land on Kangaroo Island, with development approval for a project designed by the architect behind Southern Ocean Lodge, has come on the market.

A rare development site on the Manly beachfront has sold in a hush-hush deal, 172 days after it came to market. Agents selling the property reportedly had expectations of $10 million.

Buyers are circling a Torquay car wash site, hoping to clean up with the development opportunity after controversial hotel plans were squashed.

The revival of one of Adelaide’s landmark heritage buildings has been thrown into doubt following a major delay to a $200m luxury hotel development in the heart of the city.

Property developers are stepping up the push for new city towers nationally in the expectation that office staff will return and apartment living will also surge as people are drawn back to city centres in coming years.