Inner City Commercial Property News

The residential property market might be bouncing back strongly but office landlords are still buying up sites where luxury apartments had been planned, while the pre-sale market remains flat.

Diversified property company Stockland is making a major return to office developments and on Friday unveiled a major amalgamation play in the hot North Sydney market.

Celebrity chef Jacques Reymond has sold his landmark Prahran mansion, where Melburnians dined and celebrated at his top restaurants.

The former Carlton & United Breweries’ headquarters in Abbotsford has been listed for sale as the head of the development firm who owns it grapples with a $100 million tax debt.

It was once an infamous den of iniquity dealing in pleasure and pain, boasting a sordid dungeon and bondage equipment.

Singapore-based SC Capital is again looking to expand its local holdings, with the fund manager close to buying an office block in North Sydney for about $120 million.

Major developers are jostling to build a new office tower in North Sydney that could be worth about $330 million with the contest for the site drawing interst from heavyweights including US group Hines and local player Primewest.

A landmark pub in the heart of Port Melbourne is set to offer buyers far more than a humble parma and a pint. 

A block of Woollahra flats sold for $7.2 million — $2.2 million over reserve — at a big auction night in Double Bay.