Two proposed skyscrapers next to each other would transform the CBD skyline and effectively match the Sydney Tower Eye as the city’s tallest structure.
Office property valuations have collapsed by more than 10 per cent and alarm bells are ringing that they could fall even further.
An extra floor could be added to the Eagle Street project after developer Dexus sought permission to change its plans.
Commercial property investors are seeking out defensive bricks-and-mortar assets,with Coles-anchored shopping centre Torquay Village,on the Surf Coast,selling off-market for an undisclosed price.
It has been a lean year for Melbourne CBD office transactions,with potential buyers pitching lowball prices to vendors.
Activity around the Monash University Technology Precinct is hotting up with deals brewing and a raft of fresh leases and buildings underway.
Listed A-REITs are now revaluing their prime office buildings after sitting on their hands for the past year,with a stalemate between buyers and sellers resulting in few guides as to their real value.
Architects building the new Tech Central hub hope to lure the world’s brightest minds.
Global advisory group Deloitte is set to welcome staff into its new office at Sydney’s gateway,Circular Quay,which will offer not just sweeping harbour views but all the amenities and technology needed in the new era of work practices.
The battle to stop one of Queensland’s biggest projects could be heading back to court,with opponents of the $2.5 billion Waterfront Brisbane appealing a decision to give it the green light.
Around Australia more and more office buildings have large vacancies,but Australia’s landlords aren’t budging on pricing or their plans to build even more skyscrapers.