Victoria Commercial Property News

Melbourne’s stage four lockdowns will have a sweeping impact on the commercial property market, as the city begins another six weeks under more severe restrictions.

A property development and investment company co-run by a Hawthorn premiership player has been revealed as the buyer of David Jones’ Bourke Street Mall menswear store.

A Victorian fruit farm is shaping as a sweet deal for investors, with the regional asset the most-viewed commercial property in the state over the past week.

More residential development is on the cards for South Geelong as buyers eye the possibilities of a mixed use site now on the market.

South African department store chain Woolworths Holdings has sold the David Jones menswear store on Melbourne’s famed Bourke Street mall to funds manager Newmarket Capital in a $121m deal that could bolster the beaten-down sector.

A broadsword and suit of armour aren’t what you’d expect to find in a country pub.

Singaporean sovereign wealth fund Government Investment Corporation has kept up its property buying spree during the coronavirus pandemic, picking up a half stake in a Melbourne office tower in a deal valuing the building at about $410 million.

An affordable service station investment at one of suburban Melbourne’s most prominent locations could spark a race to the pump for investors.

Job-creating developments in greenfields industrial land hugging the Geelong Ring Road continue as another land sale was chalked up in the city’s northernmost suburbs.