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Commercial Property News

Byron Bay's Beach Hotel gets $65m

A consortium of businessmen led by a Melbourne restaurateur has paid a record $65 million for Byron Bay's Beach Hotel, the money-spinning pub built in 1990 by Paul Hogan's sidekick and business partner John Cornell.  more...

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$46m building - but not one tenant

Developers have started preliminary work on a $46 million office building at Docklands - without a tenant.  more...


Changes land developers in strife

Existing use rights for NSW property developers have become more complicated and hence more controversial, according to lawyers and property investors.  more...


Docks out, swish offices in

After more than a hundred years as docks and container wharves, Walsh Bay has emerged as one of the busier commercial property hubs on Sydney Harbour.  more...


High costs keep a lid on hotel construction

Across Australia, the number of hotel rooms under construction has fallen to the lowest level since Jones Lang LaSalle Hotels set up the National Hotel Development Register in 2003.  more...


Plans drawn up to let businesses hit the road

Sydney's shops will be allowed to display flowers, fruit, vegetables and other goods on footpaths under a plan being considered by the City of Sydney Council.  more...


Foundry boosts Melbourne's booming CBD

Leases are being finalised for most of the 40 shops in the CBD's newest shops and residential development, The Foundry, due to open in June.  more...


Vacancies expected to fall in Melbourne CBD

CBD office leasing is expected to halve this year, but the vacancy rate should fall below 7 per cent by the end of the year, according to Jones Lang LaSalle.  more...


Building the green credentials

Lend Lease will be the first commercial developer in Melbourne to build new offices with a 6-Star green rating, the highest awarded by the Green Building Council of Australia for an environmentally friendly building.  more...


Buyers and tenants keen on fringe benefits

With office space in the Sydney CBD rapidly declining, demand for space in the city fringe, particularly Pyrmont and Surry Hills, has exploded.  more...


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