Victoria Commercial Property News

Pink carpet, mirrored walls, fake plants and chequered floors — it’s clear this dated wedding reception venue was once much-loved, but the romance has lost its sheen.

More Asian and institutional cash is expected to flow to the Geelong region as major property investors seek to reap the rewards of strong population growth and higher retail spending. 

Historic Kew mansion turned reception centre Buttleigh Wootton is on the market, with private schools, hospitality operators, foreign consulates and investors expected to vie for the rare prize.

Middle Eastern airline Qatar Airways has expanded its international hotel portfolio, buying the landmark Sheraton Melbourne for about $135 million.

Elsternwick could be set for a new apartment project with a massive block in search for a new owner. 

Co-working giant Hub will open its second Melbourne space at the top of one of the city’s best-known skyscrapers.

Sydney-based Heathley Asset Management has put a $40 million portfolio of high quality industrial logistics on the eastern seaboard on the block as it focuses its attention on medical property.

The much-loved beachside Esplanade strip in St Kilda could soon house a major luxury unit development with veteran Sydney developer Greg Shand putting the Novotel Hotel on the block for more than $100 million.

The search is on for a new home for all the animals of Jirrahlinga Koala and Wildlife Sanctuary.