Office
Sublease space shrinks as big corporates put brake on handing back office space
Big corporates wanting to offload space are struggling to compete with landlords who are offering big incentives in rent deals.
- by Carolyn Cummins
Latest
Grunge icon Prince of Wales for sale at knock-down price
St Kilda’s once-grungy Prince of Wales Hotel is back on the market carrying a discounted price tag of $30 million.
- by Nicole Lindsay
Sizeable slice of old Fitzroyalty up for grabs
The Fitzroy estate belonging to notorious slum landlord Frank Cassar has hit the market, 13 years after his death and a bitter family feud involving a fake will.
- by Nicole Lindsay
Posh makeovers for city premises as work and play come together
Older office and hotel buildings in Sydney and Melbourne are being turned into upmarket ‘club meets office meets hotel’ projects, sparking new life in strata markets.
- by Carolyn Cummins and Nicole Lindsay
Chanel lands trophy store in $75m luxury deal
In a thumping vote of confidence in Melbourne’s CBD, luxury retailer Chanel has paid $75 million to buy its 10-year-old boutique on the corner of Russell Street and Flinders Lane.
- by Nicole Lindsay
Exclusive
Planning
The bonus encouraging Melbourne developers to build offices – during a housing crisis
Parkland, affordable housing and commercial office spaces earn developers bonuses to build in Melbourne’s CBD. The code was meant to be reviewed but it hasn’t been touched.
- by Rachel Eddie
Mirvac sale of office tower likely to trigger more overseas deals
The investment by Singapore-based Keppel REIT could mark the start of a new inflow of cash for Australia’s commercial property market from offshore players.
- by Carolyn Cummins
Jacka Foundation sells historic Fitzroy digs
Not-for-profit landlord, the Jacka Foundation, is selling the historic Fitzroy factory where the Southern School of Natural Therapies has operated for nearly 30 years.
- by Nicole Lindsay
Sydney has the view, Melbourne has the bigger office
Sydney may have the views of the Harbour, but Melburnians opt for bigger office space.
- by Carolyn Cummins
Billionaire Bruce Gordon gets a record $70m for Wollongong development site
The Bermuda-based media veteran has sold his WIN Grand development site in Wollongong to premium development company Level 33 for a record $70 million.
- by Carolyn Cummins
Ad legend John Singleton sells former Paddington headquarters for $30m
John Singleton has sold his former head office in Sydney’s trendy Paddington to Annie Cannon-Brookes, the estranged wife of Mike Cannon-Brookes, the billionaire co-founder of tech giant Atlassian.
- by Carolyn Cummins