North Sydney Commercial Property News

Sydney office buildings are proving the surprise packet of the coronavirus crisis, with deep-pocketed offshore investors and local private buyers looking to snap up at least $500m worth of office blocks.

Property group Dexus is backing up its claim that office values will hold, selling a North Sydney office block for $273m, just above its book value.

A once-in-a-lifetime chance to buy a piece of Kirribilli’s waterfront is making a splash on the commercial property market, with the property already turning heads. The 1269sqm estate at 2-4 Stannards Place, Kirribilli is on the market for …

North Sydney could become the city’s “CBD North” as major tech, media and telecom businesses move out of the city centre, new data has revealed.

Office developers are focusing their attention on suburban areas as major tenants look for alternatives to city centres in the wake of the coronavirus crisis.

North Sydney is set for a commercial development boom worth more than $1.5 billion, and major tenants are believed to already be interested in crossing the bridge.

North Sydney’s landmark MLC building is set for a multi-million redevelopment, following its quiet sale earlier this year for $263,797,465.

Subdued business conditions and a lift in new developments have prompted a drop in space being taken up in office towers in the heart of Sydney but demand in the country’s resources capitals is holding up.

The property empire linked to billionaire Chinese property developer and political party donor Huang Xiangmo has sold a major North Sydney tower to private developer Holdmark for the symbolic price of $113.888 million.