Mascot Commercial Property News

It’s increasingly common to see office workers donning their activewear and taking off for a run over their lunch break. But at a proposed new office development in Sydney, they won’t even have to leave …

Billionaire Bob Ell and listed property company Stockland have confirmed the industrial property boom is well and truly on, with both making big moves in the sector.

The Cromwell Property Group has sealed a $113.28 million deal to buy an office complex in the inner-Sydney suburb of Mascot from the Goodman Group for its main local direct property fund.

Unfortunate owners in the Mascot Towers complex could see up to 40% of their affected units’ value wiped away due to negative stigma attached to the building.

A new residential development has launched in Mascot and is set to be a breath of fresh air for the suburb’s dated shopping strip.

Hotels magnate Justin Hemmes has paid more than $37 million for the Tennyson Hotel in Sydney’s Mascot to expand his booming hospitality empire. This article originally appeared on theaustralian.com.au/property.