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.
Parkland,affordable housing and commercial office spaces earn developers bonuses to build in Melbourne’s CBD. The code was meant to be reviewed but it hasn’t been touched.
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.
Sydney may have the views of the Harbour,but Melburnians opt for bigger office space.
The Bermuda-based media veteran has sold his WIN Grand development site in Wollongong to premium development company Level 33 for a record $70 million.
John Singleton has sold his former head office in Sydney’s trendy Paddington to Annie Cannon-Brookes,the estranged wife of Mike Cannon-Brookes,the billionaire co-founder of tech giant Atlassian.
A build-to-rent project near the Queen Victoria Market has been quietly canned,with the new owner of the site proposing a change to student accommodation.
Melbourne’s pubs rarely fetch the eye-watering prices achieved in New South Wales and Queensland,but sales and leases are firing up.
The pandemic changed the way we work,but as we crawl out of the COVID years,is the shift really permanent?
The first CBD auction for the year has been locked in with 387–391 Bourke Street set to go under the hammer on March 8.