A-grade Commercial Property Insights

The building holding WorkSafe’s Geelong headquarters has successfully tested the depth of the market for A-grade business accommodation in the city.

Commonwealth Bank has issued a major space requirement in Sydney’s central business district in a move viewed as a precursor to the spin-off of its wealth management and mortgage broking businesses.

Fund manager Anton Real Estate Partners is cashing in on the Sydney office boom by offering up a $150 million-plus tower in the northern suburb of St Leonards.

The Andrew Roberts-backed RF CorVal is looking to capitalise on Sydney’s hot suburban office market with the offer of a Chatswood tower that can accommodate a new boutique building on surplus land on the site. 

Sydney’s office market is running hot with Chinese-backed group John Holland claiming a new benchmark on the $240 million sale of its prime office development at 275 George St.

US-based coworking giant WeWork has confirmed it will open another Melbourne location, this time over four levels at the eastern end of the CBD.

Growthpoint Properties has snapped up an A-grade Perth ­office building from the Investa Office Fund for $91.325 million, a clear increase on the property’s recent valuation.

John Singleton is now selling the two commercial levels of his Bonython building off the plan, with offices in the heart of Gosford selling from $147,000 right up to $3.25 million – a first commercial project of its kind on the Central Coast.

Superannuation fund-backed investment manager ISPT has finalised one of the largest office market deals of the year, taking a half-stake in Sydney landmark Westpac Place in a play valuing the tower at more than $1.7 billion.