Government Commercial Property News

The City of Sydney has beat out cashed-up investors to claim Redfern’s historic former post office for its own use.

Private developer Grocon was told that a Sydney office skyscraper it is developing in its $5 billion Central Barangaroo project, which could block views from James Packer’s Crown Resorts project and Lendlease’s luxury apartments, did not have any height restrictions, a court heard this week.

German fund manager Real I.S. has swooped on an office complex in Canberra’s government district, picking up Maddocks House for $29 million.

A developer’s decision to withdraw plans for a $50 million eco-resort atop Rosny Hill has been hailed as a win for people power — but it’s certainly not the end for the project.

The acquisitive Charter Hall Group is forging back into Perth’s hot office market, seeking to buy the city’s Optima Centre for about $130 million.

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

Four NSW universities will band together to create a world-class science, technology, engineering and maths education facility within the new Western Sydney Aerotropolis.

The race for the Reserve Bank headquarters building at the Paris end of Melbourne’s blue-chip Collins St is coming to a head with listed property player Dexus facing off against private players rumoured to include investor Harry Stamoulis and US group Pembroke.

Barwon Water’s head office in Geelong has been short-listed for a national architecture award.