Commercial Property Development News

Property companies are banking on a recovery in office markets around Australia, with sector leaders Dexus and Charter Hall unveiling multi-billion-dollar plans for new towers in Brisbane and Sydney.

Woolworths is set to build a new supermarket in Glen Iris, following the sale of a prominent commercial site currently home to household name Arnott’s Biscuits.

Commercial property developers can offer space in city buildings tailored for the Australian Taxation Office if it abandons a plan to close its Geelong office next year.

Western Australia’s premier wine region is set to get its first five-star resort in what’s being flagged as a major step forward for the emerging tourism hotspot.

Listed property group Mirvac and developer John Holland are pushing ahead with a five tower precinct above Sydney’s planned metro railway station in inner-city Waterloo, tapping student accommodation operator Iglu to run a tower for 500 students.

The future of investment house Mayfair 101’s plans to transform Dunk Island and nearby Mission Beach into a $1.6bn tourism mecca hangs in the balance after assets controlled by a separate fund it manages fell into the hands of receivers.

It will include a hotel, supermarket chain, cafes, restaurants, an outdoor pool, sauna, gym and 184 architecturally-designed apartments set across 24 storeys.

It might be Wynnum’s tallest residential development but Lato Baia has everyone talking for another reason – movies.

Developers have won approval for a new building in Sydney’s central business district that will become the city’s highest apartment tower once it is built.