Victoria Commercial Property News

Costco is throwing open the doors to its Melbourne stores for one day only next week, giving shoppers who aren’t members of the bulk supermarket chain the chance to grab a pre-Christmas bargain. Leader Newspapers reports …

Geelong’s first new hotel in nearly two decades is set to open in 2020 following a deal with global hotel brand Holiday Inn.

A childcare operator has trumped developers by paying $60 million for a South Melbourne development site with permits for four residential towers and more than 1000 apartments. But Little Lane Early Learning Centre has reportedly …

A landmark ormer Geelong department store has sold for $7.52 million.

The home to one of Stonnington’s longest running businesses is set to go under the hammer before the end of the month.

Prominent Melbourne hotelier and pub baron Mazen Tabet has agreed to terms to buy Melbourne’s luxury Royce Hotel in St Kilda in a deal worth about $55 million, even though market expectations for the boutique property were initially put at more than $60 million. 

The redevelopment of St Mary’s Hall and school site will be a blueprint for the sale of the old Geelong Gaol, launched at the weekend.

Sorrento’s iconic Continental Hotel on Victoria’s Mornington Peninsula is back on the market with a price bump of more than $5 million, less than 18 months after a developer bought it.

The $US20 billion ($26 billion) global co-working space operator WeWork sees “massive” opportunities for expansion locally after opening its first Melbourne office and is actively looking for more sites.