$2.75b ‘New York’ plan to revive South Yarra ghost town
Property big wigs Tim Gurner and Qualitis have big plans for the old Jam Factory in South Yarra, including two high-end hotels and three residential towers. But there’s so much more in store.
Commercial
Dodgy developer’s $55m win
One of the key sites of disgraced developer Jean Nassif is set to be given a new lease of life.
Buy a pub for less than the cost of a home
This ‘perfect’ pub offers its next owner a chance at a sea-change with a salary thrown in, all for the cost of less than a home.
Young adults facing a buy-or-try dilemma
Young adults face a particularly challenging decision, akin to a modern-day ‘Sophie’s Choice’ about whether to prioritise starting a family or securing their first home.
$250m deal makes this Brisbane’s top tower
Fund manager Quintessential has settled on Brisbane’s largest office purchase this year, buying 240 Queen St after seller Brookfield cut the price.
Melbourne offices find buyers as capital returns
More than $600m worth of offices have sold but buyers are demanding a discount before buying into the Victorian capital.
IP Generation inks $315m deal for Stockland Glendale
The deal shows the shopping centre market is rolling on even while other property sectors are only just recovering.
Student accommodation expansion ‘hampered by taxes’
Student accommodation operator and owner Scape has taken on management of two more Melbourne properties but says the cost of doing business in Victoria is becoming increasingly prohibitive.
$30m penthouses: Gurner, Qualitas team for Jam Factory revamp
The developer is banking on turning the iconic Melbourne complex into New York-style apartments, luxury hotels, cinemas and high-end shopping.
Home of popular Hahndorf restaurant to be auctioned
Looking for a secure investment in SA’s favourite German town? Then this historic strata unit, home to one of Hahndorf’s “finest and well known establishments” will have you raising a Stein or two.
NRL’s Bulldogs in $50m shopping spree
The Canterbury-Bankstown Bulldogs have embarked on a $50m shopping spree.
‘Most iconic’ Sydney bank has $9m wanted tag
An iconic former bank, perfectly situated next to the new metro line has hit the market with a $9m price tag.
45ha Cambridge Aerodrome seeking an eight-figure sale
The chance to expand on the aviation legacy at Cambridge Aerodrome is available right now — at the right price.
Highton Village freehold offers development upside
A Highton Village freehold with two tenants offers a strong income and development upside courtesy of a design framework set by the council.
How AI is tracking office workers
New AI-led software is being used to track Melbourne office staff at work, including where they’re spending their time. And it could be set to make big changes to commercial property.
Want to be Porsche’s first Aussie landlord?
A pair of Porsche dealerships have hit the market giving Aussie investors their first chance to be a landlord to one of the luxury car brand. But much like the cars, they won’t come cheap.
’Best of 2024’: rundown shop sells for double $2.5m reserve
A rundown shop in Eastwood owned by a woman who died at the age of 105 last year has sold for an “incredible” price.
Home prices to rise by 5 per cent in 2024
Buyer demand is holding up in the face of fears that interest rates will remain higher for longer but the nation’s capitals are moving at different speeds.
Up for grabs: Luna Park’s potential billionaire buyers
Despite heavy restrictions on the iconic Luna Park site being listed for $70m, buyers could range from international leisure giants to local hospitality kings like Justin Hemmes.
Westfield shopping centres to livestream Olympics
Westfield shopping centres will open their doors at all hours to livestream competition from the Paris Olympic and Paralympics.
Dexus to check out of Martin Place tower
Dexus is close to striking one of the country’s largest office deals this year by selling a half interest in the landmark 5 Martin Place tower in the heart of Sydney.
Broadway supersite to rise in Telstra $67m sale
Tricon Group has quietly assembled one of Sydney’s best supersites by picking up two properties in the inner suburb of Chippendale.
How digital real estate is powering ahead in the AI age
Big players are jostling for position adopting artificial intelligence into their industry and data centre real estate has emerged as a crucial element in the battle for supremacy.
Golding’s Corner for sale for first time in over a century
A rare chance to purchase a trophy building on the corner of Hobart’s Elizabeth St Mall and Liverpool St has buyers circling.
Record sale as industry drives demand to Geelong Ring Road
The record sale of the last vacant serviced lot in a commercial precinct next to the Geelong Ring Road is a sign of a pivot towards the growth area that could generate 10,000 local jobs.
Geelong city freehold selling for first time in 50+ years
Buyers will get the chance to reposition a Ryrie St retail institution that’s been listed for sale for the first time in over half a century.
Big change ahead for Luna Park after coming up for sale
Sydney’s iconic Luna Park is set to change hands for a jaw dropping price.
Vic resort seeks buyer who ain’t afraid of no ghost
An 1800s Mansfield convent turned High Country retreat has hit the market — complete with its own ghosts including spirits known as The Boy with the Broken Glass and The Sitting Lady.
Hobart’s only pub for sale has ‘great upside’
For anyone who has dreamt of owning and running a classic city fringe pub, this is your chance.
Olinda’s iconic Cuckoo Restaurant on the menu
Melbourne’s once popular Cuckoo Restaurant has been served up for sale. And it comes with a side of mystery after its founder and early celebrity chef Willi Koeppen disappeared.
Bitter battle over iconic markets
A bitter court battle has broken out over controversial changes to Sydney’s iconic Paddy’s Markets.
Chef Scott Pickett’s $10m Melb restaurant move
Acclaimed celebrity chef and television host Scott Pickett is cooking up a deal to sell the home of his Bourke St bistro Chancery Lane. Find out what’s on the menu.
Tower deals break the drought as reset hits office values
A series of office buildings are changing hands across major cities with experienced local players buying towers as their values are finally reset in the wake of interest rate hikes.
Property companies slash jobs as tough times bite
The property industry has been hit by a wave of redundancies as large companies combat the stalling commercial market with cost cutting in traditional areas.
New life sciences hub set for Sydney
The innovative centre will aim to become a hub for commercialising key research advances as international rivalries in the area sharpen.
ASX finds Martin Place home in coup for strip
The stock exchange is set to become a key part of the famed boulevard as it shifts to 39 Martin Place.
High security for new $350m data centre amid AI boom
Australia has taken another leap in capitalising on the artificial intelligence boom, with Macquarie Technology Group starting construction on a new $350m data centre in Sydney.
Huge new taxes hit vital Brisbane student housing projects
Hikes in foreign investor charges and council rates in Brisbane make Queensland the second-worst place in Australia to invest in student housing at a time of great need, the industry claims.
Buyer’s agent’s bumper $40m fortnight
Land in western Sydney’s Aerotropolis precinct; a Guzman and Gomez in Tamworth and a Brisbane servo were among $40m in deals over two weeks by a prominent buyer’s agent.
Nathan Cleary’s big off field gamble
NRL superstar Nathan Cleary is making some serious moves away from footy.
Legendary music studio up for sale
The former HQ of Sony Australia, which has legends John Farnham, Darryl Braithwaite and Guy Sebastian in its books, has hit the market.
Migrants not to blame for our housing crisis
Politicians calling for slower migration figures look like they are tackling housing affordability. That way they can avoid making bold housing policy choices that would inconvenience voters.
Massive Sydney site flips to unit towers in rental squeeze
A warehousing giant has dumped plans for a data centre and listed a key Macquarie Park site for $100m, hoping to attract housing developers instead.
Golden Century site owner’s new $104m hotel
The developer who picked up the site of Sydney institution Golden Century for $50m has won approval for a $104m high-rise hotel just 450m away.
Centuria sells offices in boutique play
The group has offloaded more office buildings, reaping $53m in the latest sales, but says that it is getting good prices.
Big investors go mall shopping in the mining state
A series of retail property deals by boutique fund managers has spread to larger buyers keen to get into the resources-rich WA market where properties worth billions are changing hands.
Funds manager in talks to offload mall for $900m
Real estate funds manager QIC is understood to be in discussions to sell western Sydney’s Westpoint Shopping Centre to fund house Haben and US investment group Hines.
AFL legend Warwick Capper’s brothel for sale
Former AFL player Warwick Capper has revealed why he has offloaded his interest in a Melbourne brothel. It comes as the building goes up for sale with no shortage of suitors.
Brunetti’s cakes HQ gets surprising new owner
The Brunswick headquarters of celebrated cakemakers Brunetti Oro has been sold, with a surprising new owner emerging for the building leased to the popular sweet treats provider.
Unit blocks a super idea for investors
Apartment blocks are hot property as private investors hunt down prime property in a tight rental market.
Original URL: https://www.heraldsun.com.au/real-estate/commercial