Retail

It started as a blacksmith shop in the late 1850s but today this historic site is home to several businesses popular among locals and tourists – and it’s on the market.

Several prospective buyers submitted offers for this commercial property just days after it hit the market. So why were they so determined to get their hands on it?

The ‘influencer effect’, which has seen Byron Bay’s house prices skyrocket in recent years – is now being felt in the commercial property sector, according to real estate professionals.

Sellers of Perth CBD’s London Court have been swamped by enquiries after the precinct was listed for sale for the first time in 70 years.

The expectation that it could be several years before Australia sees inbound tourism back at pre-pandemic levels could lead some luxury retailers to reduce their physical footprint over the next 12 months and beyond.

Property funds group Charter Hall has swooped on a major logistics portfolio, picking up a 25-strong warehouse network from the Smith family’s PFD Food Services, in which Woolworths is taking a controlling stake.

Property major the GPT Group says it is recovering in the wake of the coronavirus crisis, with earnings bouncing back.

Woolworths is making a $100 million bet on a new hi-tech robotic warehouse in Sydney’s west to turbocharge its home delivery business.

Melbourne-based RMIT University has offloaded a major city building in the heart of the Melbourne CBD as part of a $200 million-plus repositioning play driven by funds manager Futuro Capital.