Australia’s richest barrister Allan Myers,KC,has quietly snapped up the ANZ bank branch in Carlton,down the road from his old university.
Big corporates wanting to offload space are struggling to compete with landlords who are offering big incentives in rent deals.
St Kilda’s once-grungy Prince of Wales Hotel is back on the market carrying a discounted price tag of $30 million.
The Fitzroy estate belonging to notorious slum landlord Frank Cassar has hit the market,13 years after his death and a bitter family feud involving a fake will.
Older office and hotel buildings in Sydney and Melbourne are being turned into upmarket ‘club meets office meets hotel’ projects,sparking new life in strata markets.
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.