Commercial Property Development News

Investment and development company Pro-Invest has broken a 30-year hotel development drought on Queensland’s Sunshine Coast with plans to develop a major hotel operated by Britain’s InterContinental Hotels Group.

The proliferation of hotel brands continues with new products announced in Adelaide, Perth and the far reaches of regional NSW.

A planned $180 million soccer stadium in Melbourne’s west will be the first major facility privately built for an Australian team and is set to have the steepest gradient in the country and a distinctive roof modelled on its local area.

Australia’s perceived lack of aff­ordable luxury hotels has spurred international management group and disrupter YOTEL to launch its first Australian property.

A new seniors living village slated for Canberra will be given a $60 million environmentally friendly boost from the federal government’s green energy fund.

The funds arm of property group Dexus is planning an elevated garden and sky lobby as part of a $200 million plan to transform Perth’s Carillon City shopping centre and create a new lifestyle precinct in the heart of the CBD.

A new anti-highrise group will back a small-business owner in her fight against a $50 million hotel development.

A plan to build 52 apartments in a 13-storey building on the site of the Welcome Stranger Hotel in Harrington St has been rejected by a Hobart City Council planning committee after council officers recommended it be refused.

The controversial Sirius building near Sydney’s Circular Quay has sold to a virtually unknown company, JDH Capital, for $150 million after an extended sales process.