Victoria Commercial Property News

With Melbourne still in lockdown, city dwellers may be plotting their country escape, with a popular regional pub catching the eye of operators.

A dairy farm on Melbourne’s southeastern fringe will be turned into a housing estate guided by COVID era living over the next nine years.

The powerful property industry has warned that an extension of the Morrison government’s leasing code for small tenants until March next year could see the overall cost of the scheme blow out to about $15bn.

Commercial property landlords in Victoria will receive further land tax concessions as they battle the ongoing impact of the coronavirus on business.

Victoria’s small commercial landlords will share in a new $60 million hardship fund to help them weather the COVID-19 restrictions currently in place across the state.

Victorian commercial property tenants will be further protected from rent increases and evictions under renewed measures from the State Government during the second wave of coronavirus.

Solomon Lew’s Premier Investments has hit back at criticism of its hardline tactic of not paying rent when it closed stores during the coronavirus pandemic and for receiving the JobKeeper subsidy, and will close a store in a Melbourne mall co-owned by Salta Properties, which had called out the retail chain.

Mixed use development options that could be open to buyers are driving interest in a Charlemont property.

Food and beverage operators are seeking smaller, kitted out premises as the demand for takeaway and home delivery grows due to the coronavirus pandemic.