ACT Commercial Property News

The vacancy rate across the nation’s office towers has tightened overall, but Melbourne is lagging behind as the slow down in some CBDs catches up to it.

The group has offloaded more office buildings, reaping $53m in the latest sales, but says that it is getting good prices.

A much-loved home builder has been forced to call it quits after 30 years of business.

The $41.5m hotel sale in Canberra is expected to open the floodgates for a series of deals across the nation.

Charter Hall is targeting the purchase of the Australian Taxation Office headquarters complex in Canberra’s Civic for about $290m.

Canberra’s Fyshwick Markets has been sold to a local investor for an undisclosed sum said to be the highest selling price for an ACT commercial property at auction in 2021.

Growthpoint Properties Australia has bought a government-leased office complex in Australia’s major health policy precinct in Canberra for $84.6 million.

A Bunnings, fast food stores like KFC and childcare centres will feature in a $210 million commercial property auction as investors chase “pandemic-proof” essential services assets with long leases and big-name tenants.

First-time investors keen to get into the commercial property market are chasing entry-level opportunities in the first big portfolio auctions of the year.