Car park

Gaming heavyweight Star Entertainment has tapped Macquarie Capital to sell the car park concession at its Sydney casino in a move that could reap more than $200 million.

One of South Australia’s top private companies, the Peregrine Corporation, has put three major car parks in Adelaide’s CBD on the block for $200 million.

Free 15-minute parking will be introduced in Townsville’s CBD to encourage more people to come into the city. 

A Box Hill development site the same size as the quarter-acre block, once the centre of the great Australian homeowner dream, is set to top a whopping $9 million.

Living in the heart of Geelong’s CBD has never been more attractive to buyers as construction has started on several residential developments.

With the number of car parking spaces in Melbourne’s inner city continuing to dwindle, the sale of more than 500 of them below an office complex on St Kilda Rd is set to spark investor interest.

Southbank’s green future has been showcased in plans for a 3700sqm park beneath a new development comprising six apartment towers.

Darwin Airport is considering building a multi-level car park to deal with a growth in customers using the facility.

The consortium developing Brisbane’s Queens Wharf casino precinct has bolstered its foothold close to the high-profile project by purchasing a nine-storey car park for $45 million. This story originally appeared on theaustralian.com.au/property.