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Commercial Real Estate

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The David Jones store on busy Bourke Street Mall is one of the longest continually operating retail spaces in Australia.

Landmark David Jones building in Bourke Street sells for $223m

The building has sold, but the iconic department store that occupies the Bourke Street Mall site isn’t leaving as it has an 18-year lease.

  • Simon Johanson

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An office building at 17-27 Cotham Road, Kew Junction, will be a good litmus test of the investor market.

NAB branch quickly back on the market

Vicland developer Bill McNee is flipping the NAB branch on the corner of Toorak Road and Chapel Street, just weeks after he settled on the high-profile property.

  • Nicole Lindsay
Baker Kate Reid of Lune Croissanterie prepares her handmade croissants.

Famed Lune Croissanterie has a new landlord after $3.8m sale

The Fitzroy premises occupied by celebrated croissant-maker Lune, which attracts devotees from all over the world, has been sold to a private investor for $3.8 million.

  • Nicole Lindsay
International investors see the Melbourne and Sydney commercial property markets as a good place to invest.

Who will lead an expected $2 billion commercial property splurge?

Transaction volumes may be down as local investors sit on the sidelines, but international investors are already beginning to see some attractive opportunities.

  • Josh Rutman
The Terrace house features bright, colourful canvas awnings.

The Terrace House – bringing a splash of colour to Brunswick

Each of the apartments features a bright, colourful automated retractable canvas awning in emerald, blue, red, yellow or pink.

  • Stephen Crafti
Lygon Street’s traditionally Italian-focused tenant mix is diversifying.

Bars and eateries revive Melbourne’s popular suburban shopping streets

Food and beverage tenants are replacing speciality stores such as shoes and fashion in Melbourne’s shopping strips.

  • Simon Johanson
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The Cherry Tree hotel in Cremorne.

The Espy sells, Cherry Tree up for grabs as Melbourne pubs bounce back from pandemic slump

Decades ago there were certain inner-city pubs in Melbourne that you couldn’t just walk into - Cremorne’s Cherry Tree Hotel was one such venue.

  • Simon Johanson and Nicole Lindsay
Residents campaigned long and hard during the pandemic against Bunnings.

Bunnings booted from hipster suburb after residents put up a fight

An attempt by the hardware giant to squeeze one of its trademark warehouses onto a busy residential street in hipster Brunswick has come unstuck.

  • Simon Johanson
Orica used a remotely operated bulldozer to clear soil at its Deer Park property of nitroglycerine.

Explosives giant Orica puts huge Deer Park industrial site on block

Explosives giant Orica is set to offload the first tranche of its massive Deer Park site in Melbourne’s west into a tight market that is setting a premium on industrial land.

  • Simon Johanson
Thanks to the taxpayer, land lot buyers will get a combined $95 million if they take up the HomeBuilder grant.

Land sales boom across Melbourne and Geelong’s new housing estates

The land boom across Melbourne and Geelong’s growth areas is gaining traction as housing estate lot sales soar close to peak levels last tapped four years ago.

  • Simon Johanson

Original URL: https://www.theage.com.au/topic/melbourne-commercial-real-estate-1n4v