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Office

Today

The contested office fund holds stakes in landmark properties such as the new Quay Quarter tower in Sydney.

Mirvac wins control of $7.7b AMP office fund

The vote ends more than six months of uncertainty over the future of the fund, after Mirvac revived its bid this year, backed by disgruntled investors.

  • 13 mins ago
  • Nick Lenaghan

This Month

Office vacancy nudges upward as tenants wait out uncertainty

As corporate Australia navigates through rising cost pressures and an uncertain economy, tenants are delaying their office accommodation decisions.

  • Nick Lenaghan

‘Flexibility has gone too far’: CBD office returns stall

The uptake of CBD desks nationally barely budged in June over the previous month and is at levels well below pre-pandemic, as a fresh wave of illness takes its toll.

  • Nick Lenaghan
ISPT will spend $150m revamping 500 Bourke Street

ISPT secures life insurance giant for ‘new build’ office tower revamp

ISPT will invest $150m overhauling 500 Bourke Street - a 1970s Melbourne office tower - to create a net-zero development.

  • Larry Schlesinger

Brisbane office and retail complex changes hands for $55m

It is the latest property deal struck as the city hopes to woo more investment in commercial and residential real estate in the lead-up to the 2032 Olympics. 

  • Nick Lenaghan
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Architect Hannah Tribe stands across the road from the heritage building she has designed a tower above.

Gwynvill joins the move to an upmarket George Street

Office developers are following in the footsteps of luxury retailers that over the past decade have gravitated towards a revamped George Street in Sydney’s CBD.

  • Michael Bleby
Marlion House was sold by the Krongold family.

Malaysians join investor push into Melbourne’s fringe office market

East Melbourne’s Marlion House has been purchased for $22.68m by a company associated with the family of Malaysian timber tycoon Admond Looh.

  • Larry Schlesinger

What to do with empty office parks, a hidden COVID casualty

Yes, downtown offices are struggling. But there is a different kind of emptiness in suburban settings that were already isolated and lightly populated by design.

  • Emily Badger
An artist’s impression of Clifton’s office tower at 9-13 Brisbane Street.

‘Net zero’ Surry Hills office tower gets green light

Clifton Development Group says it won’t start an official leasing campaign until prospective tenants can “walk the floors”.

  • Larry Schlesinger

Roberts’ RF Corval exits Brisbane office block in $46.5m deal

The property is in the heart of a priority development area, a riverfront precinct that is slated to accommodate the main athletes’ village for the Brisbane Olympics.

  • Nick Lenaghan

June

Commercial rent collection falters in May as rising costs bite

The industrial real estate sector has been hit particularly hard as rising petrol prices forced up the cost of transport and the price of goods. 

  • Nick Lenaghan
John McAslan.

NSW plans to expand Tech Central with $3b deck over rail yard

Developing space above rail lines is a highly complex and expensive task and there are many potential pitfalls, a veteran transport architect warns.

  • Michael Bleby
Adjoining office buildings at 157 and 153 Walker St North Sydney, which have been bought by GPT.

GPT buys into North Sydney with plans for premium tower

GPT’s wholesale office fund plans to build a 46,000sq m office tower in North Sydney by the end of this decade after buying two older buildings on Walker Street.

  • Martin Kelly
The outline of AsheMorgan’s 10ha District Docklands precinct in Melbourne’s inner west, with location of the planned new $100 million Nesuto hotel development.

AsheMorgan spins failed retail into office gold

The developer says repositioning efforts at a failed shopping precinct in Melbourne’s Docklands are paying off by tapping changing workplace demands.

  • Michael Bleby
Charter Hall is in the box seat to buy the Geoscience Australia building in Canberra for more than $370m.

Charter Hall set to break Canberra office record with $370m deal

The REIT’s office spending spree in Canberra will soon exceed more than $1 billion in just over 12 months as the business targets secure, long-leased assets.

  • Martin Kelly
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Bruce Flatt says the coming recession should be seen as part of a bigger business cycle.

Brookfield CEO says recession coming, but rates still low

The private capital giant’s global chief says despite the bad news, he can find more deals as liquidity dries up.

  • James Thomson
Construction workers at a Mirvac site.

AWOF trustee pulls up Mirvac on property claims

Property manager Mirvac has received a bit of a rap on the knuckles as it chases down AMP’s coveted AMP Capital Wholesale Office Fund.

  • Anthony Macdonald, Sarah Thompson and Kanika Sood
627 Chapel Street is now 80 per cent leased after being built during the pandemic.

New office projects fill up amid switch to inner suburbs

Alongside the leasing success at Goldfields’ 627 Chapel Street tower, another project by Peregrine Projects in Collingwood is 92 per cent leased.

  • Larry Schlesinger and Martin Kelly
Toga’s planned 42-level Toga Central mixed-use tower at the corner of Pitt and Lee Streets in Sydney. 

Toga’s tower to cloud Atlassian’s prize building views

The software company’s building in Sydney might be the highest-profile tower in the city’s emerging tech precinct, but it will not be the highest.

  • Michael Bleby

Pelligra sets foot on Spring Street’s forgotten trophy

With its prime position on Spring Street, above a metro entrance at the upmarket east end of town, 85 Spring Street has also been a graveyard of developers’ ambitions for almost a decade.  

  • Nick Lenaghan and Larry Schlesinger