Sydney Commercial Property News

The pace of deals on office buildings is picking up, with two deals struck by international buyers on properties worth more than $220 million in total.

Hospitality industry entrepreneur Peter Metzner has bought the former La Strada premises in Potts Point.

SunSuper’s planned switch of a $1.5bn property mandate away from under-pressure manager AMP Capital could take a new twist, with the super fund in line to take an interest in the Locomotive Workshops building at the Australian Technology Park in Sydney.

Sydney’s commercial market is also heating up with one property investor paying an incredible price to secure an Adidas outlet store in Lidcombe.

Opportunity knocks for the likes of pub barons Jerry Schwarz or Justin Hemmes, with yet another favourite Sydney watering hole set to hit the market.

A Tabcorp-leased commercial site at Neutral Bay was the big-ticket item to sell at a commercial auction event at the Sydney Opera House this week.

With no foreign tourists for more than a year, the owners of Backpackers HQ have decided to capitalise on the high demand for big houses.

With the Australian economy showing remarkable resilience post-COVID, the so-called looming ‘March cliff’ may turn out to be more of a ‘step’, with mixed impacts across the commercial property sector.

US private equity major Blackstone is one of the world’s top property investors, which provides a key insight into the motivation of its proposed swoop on Crown Resorts.