ACT Commercial Property News

The $41.5m hotel sale in Canberra is expected to open the floodgates for a series of deals across the nation.

Charter Hall is targeting the purchase of the Australian Taxation Office headquarters complex in Canberra’s Civic for about $290m.

Canberra’s Fyshwick Markets has been sold to a local investor for an undisclosed sum said to be the highest selling price for an ACT commercial property at auction in 2021.

Growthpoint Properties Australia has bought a government-leased office complex in Australia’s major health policy precinct in Canberra for $84.6 million.

A Bunnings, fast food stores like KFC and childcare centres will feature in a $210 million commercial property auction as investors chase “pandemic-proof” essential services assets with long leases and big-name tenants.

First-time investors keen to get into the commercial property market are chasing entry-level opportunities in the first big portfolio auctions of the year.

Commercial search activity hit a record high last week as the 2021 market kicks into gear. ‘For sale’ search volumes on realcommercial.com.au rose by 3.1 per cent last week, hitting a new historic high. Compared …

An eclectic mix of commercial properties drew interest last week, from a warehouse conversion in Melbourne’s inner-west to a billionaire’s refined estate and mansion in the Gold Coast hinterland with a $50 million price tag and a beautiful church in downtown Hobart.

The impacts of the coronavirus pandemic were not uniformly felt across the commercial property market in 2020, with some sectors emerging more resilient than others.