Tenanted Commercial Property News

Sydney’s lack of vacant office space might be a great thing for landlords, but it could soon be a major issue for the city’s economic growth, and here’s why.

A service station complex on Melbourne’s West Gate Freeway has sold for $22.5 million, making it the most expensive petrol station sold anywhere in Australia in more than 10 years.

The Crotti family, behind the San Remo pasta brand, has bought one of the biggest office towers in Adelaide’s CBD for about $86.5 million. This article originally appeared on theaustralian.com.au/property.

Property asset group Propertylink is set to acquire a $142 million industrial portfolio from Denison Funds Management, in an announcement just days ahead of its initial public offering.

Scouts Queensland has placed its Brisbane headquarters in Auchenflower on the market for the first time in more than 20 years.

Dexus Property Group is selling the home of Australia’s Customs Service in Canberra, with expectations the office precinct will fetch more than $85 million.

The home of the Melbourne City Ballet, on the grounds of the old Pentridge Prison, will be on the block next week as part of the latest Burgess Rawson portfolio auctions.

Noosa’s star quality has proved a powerful carrot for investors, with the Noosa Junction Plaza neighbourhood shopping centre snapped up for $16 million.

Interests associated with Melbourne businessmen Max Fremder and Ron Lasarovits have put a major CBD office building on the block for about $80 million. This article originally appeared on theaustralian.com.au/property.