Victoria Commercial Property News

Singapore’s Mapletree Investments has snapped up a $145 million ­office tower on Melbourne’s St Kilda Rd in a deal that shows the highest ever price for a building on the famed boulevard. This article originally appeared on theaustralian.com.au/property.

A Box Hill industrial property lasted only hours on the market after an astonishing show of interest from investors.

Qatar Airways is firming as the likely buyer of the Sheraton Melbourne in Little Collins Street for about $135 million in what would mark the Middle Eastern carrier’s entry into the local hotel sector. This article originally appeared on theaustralian.com.au/property.

A small news agency opposite Holmesglen TAFE in suburban Melbourne has fetched an astonishing $1.228 million, sending the yield plummeting to just 1.3%.

One of the nation’s largest hoteliers, Mantra, has bought the Art Series Hotels group in a $52.5 million deal, in a bid to boost its presence in the luxury sector. This article originally appeared on theaustralian.com.au/property.

Amazon has confirmed plans to set up a fulfilment centre in Melbourne’s southeastern suburbs as it pushes ahead with rolling out its full retail operation in Australia. This article originally appeared on theaustralian.com.au/property.

This Friday is International Beer Day, which can mean only one thing: thousands of Aussies kickstarting their weekend with a few post-work froths. And for those who partake particularly keenly, the conversation may bubble along to …

A Melbourne developer has secured a row of commercial properties on High St, Belmont in a well executed pre-auction raid.

A property fund run by sector stalwart the GPT Group has made one of the most expensive shopping mall investments in Australia’s history, snapping up a 25% stake in Melbourne’s Highpoint Shopping Centre, in a $680 million purchase from the city’s wealthy Besen family. This article originally appeared on theaustralian.com.au/property.