Commercial Property Development News

Property developers Mirvac and John Holland have won the rights to their first major over-station development and will construct five buildings in Sydney’s inner suburbs worth about $800 million.

Looking for something slimming this summer?

They’re the trio of 40-something schoolmates from Melbourne’s northwest trying to pull off a first in Australian sports business: a privately owned $180 million stadium surrounded and funded by more than 40ha of residential and commercial property.

Brisbane property developers are not shying away from challenging restoration projects, transforming once run down and decrepit historic homes, ice cream factories, dairy farms and even a mortuary.

Property developer Stockland has received the green light to start work on the first stage of its $500 million commercial precinct in Sydney’s emerging northern industrial hub.

The Pallas Group has forked out $32.74 million to buy a landmark corner site on Double Bay’s Bay St and Guilfoyle Avenue, with the existing premises to be converted into its new headquarters along with retail and extra commercial space.

New Town residents have welcomed Hobart City Council’s refusal of a private hospital proposed for New Town Rd.

US group Hines is looking to stamp its authority on the local office development market and is in pole position to build a new tower in North Sydney that could be worth about $330 million.

A consortium led by Singapore-listed First Sponsor has joined forces with ICD Property to redevelop the iconic City Tattersalls Club project in Sydney, signalling the group’s first Australian project.