Commercial Property Development News

Belmont Park Racecourse will be transformed into a landmark $3.8 billion development with 4500 new homes, in one of the biggest high-density communities ever constructed in Perth.

Property scion Daniel Grollo’s company Grocon is backing the development of an ultra-skinny 60-storey apartment tower that would become Melbourne’s tallest, as it recasts its operations after losses on projects in Queensland.

A Brisbane developer who bought a well-positioned CBD building for a bargain price hopes to secure big returns from the site near the $3 billion Queen’s Wharf ­precinct.

Capital city growth in purpose-built student accommodation is unlikely to slow down soon as large institutional investors jump on board, attracted by solid potential returns. 

Construction has started on a $4 million leisure centre for Helensvale.

Shanghai-based property developer Heworth has submitted a $135.3 million development application for the old Balmain Leagues Club even though the NSW government is looking to compulsorily acquire the site for a major infrastructure project.

A dual-branded hotel is set to open in Melbourne’s Bourke Street Mall on a site that last year was vacated by retail billionaire Solomon Lew.

Stockland will develop and own childcare centres as part of its residential communities.

More than 100 apartments will be built where the Powerhouse Museum now stands in order to help fund the $645 million move of the museum to Parramatta.