ACT Commercial Property News

Commercial property has started 2020 with a bang, as buyers and businesses circle key properties across the country.

The sale of 33 convenience retail outlets owned by 7-Eleven is being heralded as one of the most successful commercial portfolios in history, after every one of the properties sold for a combined $156 million.

Gaming mogul Tony Fung’s deal to sell the Casino Canberra has been terminated as the vendor refused to give prospective buyer, Sydney-based funds manager iProsperity Group, more time to win regulatory approval to buy the property.

A brand new Sebel hotel in Canberra has sold for $48m to DWS, a global real estate investment manager, and Pro-Invest.

Property funds manager Centuria Capital has finished the year on a high note, with its listed office trust buying Canberra’s NewActon Nishi Building for $256 million.

Buildings must evolve to deal with the challenges thrown up by the changing climate, according to the judges of a leading architectural prize.

One of the year’s most significant retail property offerings has achieved a stunning result, with a huge portfolio of 7-Eleven fuel convenience outlets selling at a Burgess Rawson auction event.

US hotel giant Hilton is negotiating with the ACT government to build a major, international $200 million-plus hotel and trade centre in the national capital.

A new seniors living village slated for Canberra will be given a $60 million environmentally friendly boost from the federal government’s green energy fund.