Victoria Commercial Property News

Victoria commercial property news, commercial real estate market data, business news and insights.

News
Crown dodges $60m in fees on Southbank skyscraper
Crown Casino has dodged State Government planning legislation and saved itself more than $60 million in fees ahead of construction of Melbourne’s tallest skyscraper.
News
Tower to ‘bridge gap’ from Docklands to CBD
The tight Melbourne office market is set to get another 28-storey block, after Victorian Planning Minister Richard Wynne approved a second commercial tower for Lendlease’s $2.5 billion Melbourne Quarter project. This article originally appeared on theaustralian.com.au/property.
News
Gatwick Hotel confirmed for The Block
The Gatwick Hotel will be transformed on an upcoming season of The Block, after Channel 9 finally confirmed it had bought the notorious rooming house.
News
First five-star hotel comes to West Melbourne
West Melbourne’s first five-star hotel will feature a rainforest-inspired lobby, moonscape ceiling and futuristic neon car park.
News
$400,000 for tiny 8sqm property
Size was no barrier for an investor who paid $401,500 for one of the smallest commercial properties ever to hit the market. The tiny kiosk at Northcote Plaza Shopping Centre, just north of Melbourne’s CBD, attracted strong bidding …
News
Aldi a part of major overhaul at The Glen
The Glen shopping centre in Melbourne’s south-east will be the latest Victorian mall to receive a major makeover, with Vicinity Centres announcing a $490 million overhaul that will include a new Aldi supermarket and a host of new fashion brands.
News
ABC studios set to become Woolworths
Supermarket chain Woolworths has swooped on the ABC studio at 2-16 Selwyn Street, Elsternwick in Melbourne in a deal worth about $45 million. This article originally appeared on theaustralian.com.au/property.
News
Espy Hotel to open doors once more
Live music landmark The Espy has reportedly sold to prolific pub owners, after being closed for almost two years.
Leasing
Young workers call the shots in office race
Younger professionals are increasingly exerting more influence in where their companies should be based, leading some office landlords to ensure their buildings have good amenities to attract tenants keen on staff retention. This article originally appeared on theaustralian.com.au/property.
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