SA Commercial Property News

The Blue Sky-backed GM Hotel Group in Adelaide has hit the block and is tipped to sell for more than $70 million as buyers circle the portfolio.

It’s long been regarded as one of Adelaide’s most iconic city high-rises, built during the boom years following World War I.

Credit Suisse’s investment arm is cashing in on the boom in offshore interest in Adelaide’s office market by putting the Grenfell Centre on the block for about $170 million.

Looking for a new location for your small business that’s a little outside the box? Have a little faith, we may have found the ultimate opportunity.

If not for the large, rainbow-coloured boomerang announcing its location, you probably wouldn’t notice this tourist attraction in the Australian mining town of Coober Pedy.

Singaporean company ARA Asset Management is again looking to bolster its Australian empire and is targeting the purchase of Adelaide’s Allianz Centre for about $150 million as more institutions look to place funds in the South Australian capital.

Like their counterparts at the KSL Capital-controlled Baillie Lodges, which has recently expanded into Queensland, buying Silky Oaks Lodge, the owners of South Australia’s luxury Mount Lofty House are also amplifying their offering.

The team at Magain Real Estate’s Reynella office have found a creative solution to an office graffiti problem.

A new venture between property executive Chris Lock and investment house Wingate has bought an Adelaide office tower for about $103.5 million in a sign of demand for assets in South Australia.