Government Commercial Property News

The City of Sydney could reap $200 million from selling a major Pyrmont site that will be turned over to a landmark mixed-use development project.

The Victorian Liberal Party has pulled the trigger on the sale of its long-held offices in the centre of Melbourne for up to $30 million ahead of the November state election and an upcoming federal election.

QIC Global Real Estate is poised to bring a $300 million Mary St tower occupied by the Queensland government to market. It will be one of the ­largest buildings offered in Brisbane this year. 

The future of the proposed Apple flagship store at Melbourne’s Federation Square is under a cloud, after Heritage Victoria slapped an interim protection order on the precinct.

The race to build two new mixed-use towers in the heart of Sydney above the proposed Pitt Street station is taking shape.

Fragrance Group has knocked 20m off its Collins St hotel proposal in a revised development application.

Construction of Geelong’s biggest hotel is set to begin in the heart of the city after a new $150 million complex has been given the green light.

Geelong businessman Dean Montgomery will spend more than $3 million to buy and carry out maintenance works on the Old Geelong Gaol after councillors agreed to sell the property on Tuesday night.

Growthpoint Properties has snapped up an A-grade Perth ­office building from the Investa Office Fund for $91.325 million, a clear increase on the property’s recent valuation.