A Sydney investor has pumped around $10 million into Melbourne’s legal district,snapping up Lensworth House sight unseen.
Since it opened in 1884,The Parkville Store has traded right through wars and pandemics and is still serving takeaway sandwiches and coffees.
Banco Group has leased just under 2000 square metres of space at Lygon Court to co-working group CreativeCubes.Co.
AMP Capital,one of the country’s prominent office landlords,has predicted workers will rush back to the office as vaccination rates increase and the popularity of working from home wanes.
Sydney developer Skylife,the property arm of rubbish disposal moguls,the Tartak family,now control a large swathe of Balmain Street in Cremorne.
More than $1 billion in residential development site deals have been racked up in the first half of this year as buyers and developers jockey for a foothold in the property market.
Office and industrial property behemoth Dexus is confident workers will return to their desks when lockdowns are a thing of the past but any leasing tensions in the sector will be offset by growth in its diversified $25 billion funds management platform.
The saga of the Morrison government’s car park program continues to shed intriguing details.
There’s more to keeping tenants in big CBD buildings than deals on space and lease flexibility.
Office towers are sitting empty across the country with the vacancy rate at its highest level in close to 25 years,yet there is evidence that companies expect a return to workplaces.
The country’s largest pure-play office landlord has revealed a record year of lease deals that indicate corporate and government tenants are looking at future requirements.