Victoria Commercial Property News

This floral sanctuary has plenty of potential to blossom into a successful “agritourism” business.

Locals keen to grab a solid return are investing astutely in these retail centres.

Shopping centre owner Vicinity Centres has taken a $570m hit to the value of its mall portfolio, with most of the pain coming at its CBD complexes.

Woolworths’ Torquay Central supermarket has been snapped up after a campaign drew 14 buyers for the prime real estate, underlining the recession-proof nature of the retail giant.

An eclectic mix of commercial properties drew interest last week, from a warehouse conversion in Melbourne’s inner-west to a billionaire’s refined estate and mansion in the Gold Coast hinterland with a $50 million price tag and a beautiful church in downtown Hobart.

The impacts of the coronavirus pandemic were not uniformly felt across the commercial property market in 2020, with some sectors emerging more resilient than others.

Converted churches have long been heralded as heavenly homes, but buyers are taking former places of worship to celestial heights, creatively repurposing them into commercial and community enterprises.

Across office, retail, and industrial, Morgan Stanley has found that 40% of property transactions in the past decade involved an offshore acquirer.

Industrial and warehouse listings dominated interest in commercial property last week amid a flood of new listings after the festive holiday hiatus.