Centuria Capital has secured a $500 million institutional investment mandate on behalf of a US private investment firm.
The Real Estate Institute of Victoria is selling its Camberwell headquarters after 50 years of ownership.
A new building featuring office space and a hotel has opened in North Sydney.
The country’s biggest developer of home estates will cut back the size and price of its projects by an average of 20 per cent,seeking to woo first home buyers.
The industrial property giant has bumped up its green credentials with a new business park in Melbourne’s south-east.
The surge of new developments in Sydney’s west has comes as the area prepares for the impact of the city’s second airport.
Over the past three months alone,the rate of sales across all sectors of office,industrial and retail assets collapsed by 61 per cent.
Most Australian landlords lose money on their investments,earn modest incomes and don’t have fancy jobs.
In the new world commercial property order,premium offices are luring tenants,but old,tier-three grade buildings are at risk of being left behind.
Once the scaffolding has been cleared and the new developments are opened,the foreshore from the Harbour Bridge to the Anzac Bridge is set to add billions of dollars of revenue to the local economy.
Technology giants,once touted as saviours of the office,are rethinking how much space they need as they cut staff and deal with a workforce that prefers to work remotely.