North Sydney Commercial Property News

A major luxury retailer could be destined to create a Sydney flagship store at the new Chatswood Rose building at Roseville in Sydney’s inner north.

The listed CC Land Holdings, the Hong Kong-based firm controlled by Chinese property magnate Cheung Chung-kiu, has quietly emerged as one of the canniest investors in Australia’s most recent office property cycle.

The Nine Network’s Willoughby studios is back on the market — two months after receiving approval for a 460-apartment development.

The Novotel Norwest in Sydney’s outer northern suburbs is to be upgraded and rebranded the Rydges Norwest Sydney from April 2.

Sydney’s northern suburbs have emerged as a drawcard for international property investors with more than $1 billion worth of office towers now in play.

Property developers are ending the year by unveiling a series of major projects in Sydney and Melbourne, in a sign their confidence has not waned in the face of weak demand for residential property.

British group M&G Real Estate has teamed up with the wholesale funds arm of Investa Property Group to take a stake in Coca-Cola Place in North Sydney in a deal valuing the entire building at about $440 million.

South Korea’s National Pension Service is edging closer to selling two major office towers in North Sydney and Melbourne worth more than $500 million.

M&G Real Estate, a unit of British insurer Prudential PLC, is eyeing the purchase of a half stake in the prominent building in North Sydney known as Coca-Cola Place, which is being offloaded by South Korea’s ­National Pension Service in a deal valuing the entire tower at close to $450 million.