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.
Restaurateur Chris Lucas is building up a tidy property portfolio to underpin his hospitality empire.
A Japanese museum devoted to “cute poop” is among the multiple new shops and restaurants which have opened in the past year and cut the CBD retail vacancy rate by 44 per cent.
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.
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.
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 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.
The office where deceased lawyer John Adams defrauded a slew of investors is up for auction.
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.
The Melbourne CBD property market got off to a rocky start when the Hill of Content bookshop passed in on a vendor bid of $5.7 million.