Victoria Commercial Property News

A Victorian gold rush-style ghost town has been snapped up by an entrepreneur. Here’s what’s planned.

A medley of commercial property types attracted interest over the Christmas-New Year season from offices to shopfronts, medical facilities and warehouses.

A new owner can dine out on popular Forrest tourist stop, Platypi Chocolate, with the freehold, business and holiday accommodation on the market.

The House of Stoush will become a House of God, while retail giants carved off iconic locations this year.

Pubs are attracting a lot of attention in the commercial property market as interest in the hotel and leisure sector grows after COVID-19 lockdowns.

Geelong’s first major hotel and apartment project in 20 years is a step closer with construction work starting on the CBD site.

Investors have snapped up a Dan Murphy’s, Starbucks, Red Rooster, KFC, Hungry Jack’s and McDonald’s in auctions totalling $160 million.

In one of the strongest pointers to the direction of central business districts, US group Hines has swooped on a development site in the heart of Melbourne’s CBD and is planning a $1 billion-plus office scheme.

Australia’s cities are taking shape in the wake of the coronavirus crisis with capital being poured into major projects including billion dollar-plus office towers and luxury apartment projects in the heart of Sydney and Melbourne.