Commercial Property Development News

Brisbane’s Elizabeth Arcade’s new look has been completed, with a pair of student accommodation towers the new centrepieces of the historic thoroughfare.

Transport and distribution companies continue to drive demand in Queensland’s industrial property sector, with construction on a new corporate park at Caboolture fast-tracked to keep pace with the interest.

The race for a key land parcel in Melbourne’s CBD that could sustain a multi-billion-dollar development has kicked off with the Andrews government asking for expressions of interest to develop the vacant transport land known as The Treasury Square site.

Investors are circling the only commercial component within the 4.5-star Ritz Apartment Hotel on Geelong’s waterfront.

A second major developer is walking away from multimillion-dollar investments in Ingleside as plans for rezoning the suburb drag on.

The sky is no longer the limit when it comes to Sydney real estate – property owners in the CBD are making millions selling air.

Heavyweight pairing Mirvac and John Holland are leading the race for Sydney’s next over-station development, with the pair favoured to win the Waterloo Metro Quarter project.

Property developer and builder John Holland is close to securing a buyer for the $350 million office complex it is undertaking in Sydney’s northern suburb of Macquarie Park, with the listed Growthpoint Properties Australia heading the field.

Malaysian entrepreneur Boon Lee Tan is tapping into the lack of inner-city Sydney hotels, developing a boutique property in Pyrmont branded as a Cititel X via the conversion of an existing serviced apartment complex.