Australian Property Review > Commercial Real Estate News

News
- Latest News
- Office
- Industrial
- Retail
- Residential
- Development
- Hotel
- Medical
- Retirement
- REITs
- Search
Research
- Latest Reports
- Search
Auction Results
Recent Sales
Top Deals
Advertise
Subscribe

Articles from Hotel

Clarendon Street hotel sold

Image taken from www.realcommercial.com.au

The Limerick Arms Hotel in South Melbourne, Victoria, has been sold at auction by CB Richard Ellis.

Under the hammer in Hardware Lane

Image originall from Realcommercial.com.au

Agents of Fitzroys have sold at auction a fully leased retail and office building in the Melbourne CBD on a yield of 5.65%.

Fit for a Prince

The Van Haandel family has announced the sale of the freehold property at 2 Acland Street following last year’s decision by brothers John and Frank van Haandel to separate their joint businesses so that they and their respective families can pursue their own interests.

Melbourne’s Van Haandel family is to offer The Prince Hotel in St Kilda for sale and has appointed Jones Lang LaSalle Hotels to market the property.

APG seizes the Empire

National developer Amalgamated Property Group has added to its south east Queensland development and investment portfolio with the acquisition of a landmark Brisbane site.

New alliance to deliver Hilton

Raptis Group launched the dual tower Hilton Surfers Paradise in November 2007 and more than $250 million in sales for its residential apartments across both towers, measuring 58 and 32-storeys, have since been recorded.

Raptis Group has announced it has reached an agreement in principle with Brookfield Multiplex to assist in the delivery of Raptis’ Hilton project.

Groundbreaking development in Perth

The concrete is now being poured for the foundations of stage one, with a three-month earthworks program having just been completed.

Construction is underway on the landmark Beachside Leighton mixed-use development in Perth, following the two day sell out of its first release.

Darling Harbour hotel sells

The deal, which was conditional on the approval of SHFA, sold for $76 million to Bangkok-based TCC Land.

Sydney Harbour Foreshore Authority has given consent for the sale of the Novotel Rockford Darling Harbour hotel.

Surfers Paradise resort on the market

The major part of the site is occupied by the low-rise Paradise Resort, which caters for approximately 26,000 guests each month.

The largest redevelopment site in Surfers Paradise is to be put on the market by CP1.

No dead ducks in Prahran

Image originally from Realcommercial.com.au

Agents of Kelemen Commercial have sold the Flying Duck Hotel in Prahran, Victoria, at auction on a yield of approximately 6.92%.

Empire falls following market decline

Sydney-based Metacap considered deferring the project to a later date, but determined this to be a less desirable outcome as it didn’t give buyers the opportunity to make alternative choices.

Metacap Developments has advised investors that it will not proceed with its Empire Square project in Brisbane because of the worsening turmoil in the financial markets.

LMWI reveals new investment offering

LandMark White Invest has released details of its new investment offering, The LMWI Diversified Property Fund, which seeks to capitalise on the opportunities currently opening up in commercial property investment markets.

Hotel results released

Analysis of the figures by colliers International has found that occupancy increased significantly in Darwin, improving by 4.2% to 76% in the 12 month period to June 2008.

In the latest release from the Australian Bureau of Statistics for the June quarter 2008, Darwin and Perth have again stood out as hotel markets in Australia experiencing the strongest growth.

Owner looking to Exchange contracts

Situated on the corner of Napier and Whitehall Street, the property at 28 Napier Street has a building area of approximately 1200 sqm and comprises of a total frontage of 74 metres.

The Exchange Hotel in Footscray, Melbourne, is being offered for sale via agents of Burgess Rawson & Associates.

Affluent attracted to hotel housing

Colliers International residential state director Ben Langfield said hotel living was a trend that would grow as people work longer and treasure their leisure time more, with hotel-managed residences attracting 20% price premiums.

Hotel managed residences have been found by Colliers International to be targeting the affluent with promises of 5 star living.

Raptis off-loads Gold Coast site

Pandanus Beach Investments Pty Ltd has entered into a conditional contract with a Raptis Group Limited subsidiary to purchase a development site in Queensland’s Surfers Paradise.