Victoria Commercial Property News

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

Melb McDonalds supersized price smashes record at hot auction
Buying & Selling
Melb McDonalds supersized price smashes record at hot auction
A suburban Melbourne McDonald’s restaurant has achieved a national record for the fast-food chain, selling for a supersized $4.7m at auction.
KFC and HeyTea anchored Glen Waverley site hits $9.39m
Investing
KFC and HeyTea anchored Glen Waverley site hits $9.39m
Investors poured millions into Glen Waverley’s Kingsway strip, betting big on chicken, tea, and the Suburban Rail Loop.
Melbourne Airport takes Dexus to court for releasing confidential data
Investing
Melbourne Airport takes Dexus to court for releasing confidential data
Melbourne Airport’s owner claims Dexus shared confidential information during last year’s botched sale of a key stake.
Allan government cuts Melbourne office space as work-from-home shrinks its city presence
News
Allan government cuts Melbourne office space as work-from-home shrinks its city presence
In bad news for Melbourne’s office market, the cash-strapped Victorian government wants less office space as public servants stay away from city and live their work-from-home dream.
Global operators to drive growth as The Sands hits market again
News
Global operators to drive growth as The Sands hits market again
The Sands Torquay resort could see revenue soar to $20m by 2030 under international management as agents launch new campaign to find a buyer.
Fast-track win for 12 warehouse project in Geelong’s north
News
Fast-track win for 12 warehouse project in Geelong’s north
A Geelong developer will continue its build-it-and-they-will-come approach after winning fast-tracked approval for 12 industrial warehouses.
Commercial investors continue to flee this state as residential demand creeps back
Market Insights
Commercial investors continue to flee this state as residential demand creeps back
For a long time, Victoria had been the darling of both commercial and residential property investors.   Melbourne’s rapid population growth, deep labour pool, and diverse economy made it a magnet for capital. But things …
Last drinks for Burnett family as Newtown pub sells
News
Last drinks for Burnett family as Newtown pub sells
The family of legendary hotelier Peter Burnett has ended a 45-year association with a famous Geelong pub.
Justin Hemmes’ $148m Melbourne hospo empire stalls
News
Justin Hemmes’ $148m Melbourne hospo empire stalls
Justin Hemmes stormed into Melbourne with cash and clout but his $148m dud gamble has come crashing down.
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