Government Commercial Property News

Victorian commercial property tenants will be further protected from rent increases and evictions under renewed measures from the State Government during the second wave of coronavirus.

The country’s largest student accommodation provider Scape Group has warned occupancy levels in the sector could plunge unless the federal government prepares a scheme to allow international students to return from countries that have controlled coronavirus outbreaks.

Victorian businesses will be provided with further support in the wake of the second coronavirus lockdown, with the State Government announcing a further $534 million support package.

Takeover target Village Roadshow has revealed that it is in talks with the Queensland government over funding that would support its theme parks as they prepare to reopen following the coronavirus crisis.

The Real Estate Institute of Victoria has called for urgent changes to the process for commercial property landlords to apply for land tax relief.

Commercial property developers can offer space in city buildings tailored for the Australian Taxation Office if it abandons a plan to close its Geelong office next year.

Shopping centre landlords face a steep fall in rents of about 20% when the Morrison government’s stimulus package ends later this year, according to Morgan Stanley analysts.

The site of Sydney Fish Market may become home to thousands of apartments and office buildings soaring up to 45 storeys under plans released by the NSW government as it seeks to kickstart the economy in the wake of the coronavirus crisis.

Shopping centre and office landlords were cautiously encouraged by the federal government’s blueprint for rolling back restrictions on retail trading and workplace gatherings, welcoming the prospect of an end to disrupted trading on the horizon.