Inner City Commercial Property News

Wealthy investors are putting up their capital to bet against the prevailing gloomy sentiment about retail property even as some local institutions adopt a cautious stance towards the under-pressure sector.

Asian logistics and office giant ESR has put a $50 million office block in the western Sydney hub of Liverpool up for sale as it recycles some assets it picked up from taking Propertylink private last year.

A Richmond studio leased by a TV production firm co-founded by model-turned-actor Rikki-Lee Lacco, and with links to Channel 10, could have a tasty future.

Office investors are swooping on sites around the country that were once destined to become apartment developments, with the latest play on St Kilda Rd likely to end hopes of a luxury block designed by the late star architect Zaha Hadid being built.

Businessmen John Singleton and Geoff Dixon have called last drinks at Balmain’s iconic Unity Hall Hotel, following a decision to sell the pub.

The site of Sydney’s first kosher butcher’s shop — set up by Holocaust survivors — is set for auction with $10 million price expectations.

The former La Strada premises in Potts Point have been listed for sale by Giovanna Toppi, the restaurant family matriarch.

Two Asian-backed investment groups have tied up deals to buy two of Sydney’s most distinctive buildings, with developer Lendlease reaping more than $100 million from selling the Kengo Kuma-designed The Exchange at Darling Square and a hospitality complex on Barangaroo South’s waterfront to separate parties.

Heavyweight pairing Mirvac and John Holland are leading the race for Sydney’s next over-station development, with the pair favoured to win the Waterloo Metro Quarter project.