Office

The Real Estate Institute of Victoria, the state’s peak representative body for real estate practitioners, is selling its long-standing headquarters at 335 Camberwell Road in a move expected to generate significant investor and developer interest.

The finishing touches have been placed on the landmark 88 Walker Street, North Sydney, with the $350 million 50-storey mixed-use tower now complete and proudly taking the title of North Sydney’s tallest building.

While working from home and flexible working conditions have been growing in popularity over the past ten years, the COVID-19 lockdowns escalated changes in working habits, which have impacted the way in which businesses need or interact with their workspaces. As a result the take up of office space has dwindled. Some businesses look to downsize their spaces and perhaps sub-lease, while others have reconfigured the working environment to provide flexibility and collaboration, or relocated to new premises to lure staff back in.

A fully fitted out and furnished office/warehouse in the tightly held industrial precinct of Campbellfield has been secured by an expanding well known renewable energy company – Technaus Solar in a deal negotiated by NSL Property Group.

An office building in Perth’s inner city with future development potential has hit the market, with buyer interest expected to be strong.

An office building in Perth’s inner city with future development potential has hit the market, with buyer interest expected to be strong.

Renowned for its periodic charm and central Melbourne CBD location, Fivex’s Carlow House has reached 100% occupancy, with Colliers' Izabella Minas and Georgina Murray, in conjunction with JLL's Sam Friend and Hannah O'Brien, securing 12 deals in 12 months.

Another sustainability milestone has been reached in Western Australia, with the Workzone East building in Perth achieving a 6 Star NABERS Energy rating with Carbon Neutral certification.

The historic Atelier Exchange at 351 Elizabeth Street is fully leased 12 months after being relaunched following a major refurbishment.

Brookfield Place Sydney, developed by Brookfield Properties, has taken home four national awards from the Property Council of Australia’s 2023 Innovation & Excellence Awards for its transformational $2 billion development – including the highly-coveted Australian Development of the Year Award.

Four tenants have leased a total of 2,337sqm of space in a fully refurbished Perth CBD office building demonstrating demand for quality buildings in the city.

Private developer, Alfasi Property has commenced construction on its latest city-fringe commercial project titled 10 River, a $100m high-end office tower offering ten whole-floor tenancies ranging from 300sqm to 1500sqm.

Dexus announces that it has unconditionally exchanged contracts to sell 1 Margaret Street, Sydney, an A grade office building located in the western corridor of the Sydney CBD with a WALE of 2.1 years and occupancy of 93.7%.

Vicinity Centres (ASX:VCX) announced its financial results, with results impacted by the $229.1 million decline in total asset valuation for the six months to 30 June 2023.

Industry superannuation fund-backed property investor ISPT has unveiled the new 477 on Pitt Street after a major $135 million redevelopment to reposition the precinct as a next-generation, A Grade asset, taking advantage of its location at the gateway to Sydney’s new $3 billion Tech Central precinct.