Adelaide Commercial Property News

Old churches with the potential to be converted into heavenly homes are popular pieces of real estate. But what about one that could be converted into a business?

The rapid development of Adelaide is gathering pace with the $330m reopening of SkyCity casino­ on November 28, with the complex to include several high-profile bars and restaurants and shine a spotlight on the city which has benefited from early border reopenings.

A former Catholic seminary in Adelaide’s east – which once served as a training ground for priests – has sold to a private buyer who plans to turn the property into a home.

Office heavyweight Dexus has flagged a significant push into healthcare property and has teamed with its specialist fund to snap up the Australian Bragg Centre in Adelaide from private developer Commercial & General for $446.2m.

The office-leasing market is showing signs of recovery with major projects beginning to win tenants as a Charter Hall development in Adelaide emerges as the next cab off the rank.

Three neighbouring properties home to a school are offering prospective buyers a lucrative investment opportunity.

A South Australian cold-store warehouse has hit the market as the demand for food storage facilities rides high as a result of the pandemic.

The coronavirus has slugged major regional malls while listed property groups with an exposure to Victoria have also been hit in recent days as lockdowns return.

Blokes who have their eye on this warehouse that has been converted into the ultimate ‘mantuary’ are all out of luck.