Commercial Property Development News

The storied Grocon construction empire is once again being pushed to its financial limits with the company dogged by a dispute at a building site in Melbourne’s inner-city suburb of Collingwood.

The Mondrian hotel brand is coming to Australia and Burleigh Heads beach front has been chosen as the location for its first branded hotel-residence.

Melbourne builder and developer Grocon has cited the corona­virus crisis and a legal dispute with the NSW government over the multi-billion-dollar central Barangaroo precinct as pushing its operations to the limit.

Fund manager Mayfair 101 has told a court that a liquidation of the business unit that is backing the redevelopment of Dunk Island and Mission Beach into a $1.5bn tourism mecca could result in a fire sale of the assets.

roperty developer Mirvac Group has become the latest residential player to report strong home sales on the back of government stimulus, as the company also makes a push into the build-to-rent sector.

One of the country’s best known luxury developers, Sunland Group, has announced plans to wind down business operations over the next three to five years following the completion of current projects.

NSW’s under-pressure Berejiklian government has ushered a plan for a new Metro station at the technology park owned by the billionaire Baiada family near the planned Western Sydney Airport through to the next stage of its controversial unsolicited proposals process.

Embattled fund manager Mayfair 101 is pitching a plan to turn around the fortunes of its redevelopment of the once iconic Dunk Island and Mission Beach into a $1.5.bn tourism hub.

A rare six-pack with a difference has hit the market after a deal fell through – close to the beach and there’s a whopping 24 bedrooms all up.