Retail

Pub baron Justin Hemmes has opened up to the Wentworth Courier exclusively about why he sold an iconic Potts Point site, owned by his famous family for 31 years for more than $13 million.

The commercial real estate market has received a ringing endorsement at Burgess Rawson’s latest Investment Portfolio Auction, with buyers out in force and driving a stunning clearance rate of almost 86%.

Billionaire Brett Blundy and businessman Victor Comino are going against the trend and making a big play for a $700 million-plus retail and office property in Sydney’s Pitt Street Mall.

An eclectic Fitzroy shopfront with an intriguing interior has appealed to a “mixed bag of buyers”.

Buyers will need a hefty deposit to secure this Romanesque-style former bank in Brunswick, which the agent says could be the next Penny Black.

Sydney’s Darling Harbour is closer to having a new skyscraper, with a fourth $1 billion-plus tower for the Cockle Bay precinct winning the support of an independent planning panel after a redesign by partners GPT, Brookfield and AMP Capital.

A property developer has paid a premium price for pub baron Justin Hemmes’s landmark property in Potts Point, Richardson and Wrench Elizabeth Bay agent Jason Boon has confirmed exclusively.

Under-pressure department store Myer could seek to hand back space at 15 shopping centres over the next four years, according an analysis by investment bank UBS.

Is it possible this historic Geelong building is back to front, because its rear face is one of its most endearing features?