In a thumping vote of confidence in Melbourne’s CBD,luxury retailer Chanel has paid $75 million to buy its 10-year-old boutique on the corner of Russell Street and Flinders Lane.
The famous North Geelong hotel with a grand – and fake – sphinx could be yours,but it will cost you a pharaoh bit.
Amazon Australia is developing two new super-scale robotics-led centres amid strong growth in online purchases of bulky goods such as furniture and flat screen TVs.
New immersive experiences are being developed to give people the chance to be a part of their favourite films and TV shows.
The investment by Singapore-based Keppel REIT could mark the start of a new inflow of cash for Australia’s commercial property market from offshore players.
Not-for-profit landlord,the Jacka Foundation,is selling the historic Fitzroy factory where the Southern School of Natural Therapies has operated for nearly 30 years.
Rising pub baron Glenn Piper has snapped up the Scarborough Hotel in the Illawarra,adding it to his growing portfolio.
Offshore investors and smaller local funds are emerging as the most likely opportunistic buyers in the retail sector where centres are selling for less than it would cost to build them new.
Sydney may have the views of the Harbour,but Melburnians opt for bigger office space.
Sydney build-to-rent developer Novus has unveiled plans for its new project near the soon-to-be finished ANZAC railway station in Melbourne,where cheaper land and speedier planning processes trump Sydney.
Property developer Salta is moving to liquidate some of its assets in a bid to fund its $3 billion build-to-rent development pipeline.