Commercial Property Development News

With land in Sydney scarce, this bowling club with three greens gives potential buyers an incredibly rare opportunity.

M&G strikes yet another big deal by purchasing a further one-quarter slice in a George Street office tower for about $300m.

Grocon’s creditors must wait until next year for property scion Daniel Grollo to put forward a rescue plan.

Grocon’s woes have deepened, with the developer of a twin tower project in Melbourne’s Collingwood terminating the builder’s contract and claiming losses on the site could hit $28m.

COVID-19 and councils taking land from Meriton for community use have caused a huge fall in profits for billionaire apartment building empire.

The Grocon construction business is in the hands of administrators KordaMentha after a week of talks about the future of the business.

Stockland, the country’s largest listed residential developer, has tapped senior Lendlease executive Tarun Gupta to lead the company, with the outsider tipped to shake up its direction, prompting investors to nudge its shares higher.

A Queensland developer has paid $2.8 million for a Gold Coast ice-skating venue with plans to eventually turn the site into an upscale warehouse development.

Swiss hospitality brand Movenpick and Singaporean hospitality group Global Premium Hotels have signed a hotel management agreement to open Australia’s first Movenpick hotel from mid-January.