Mark Coster News Today

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$15.2 billion in office, industrial, hotel and retail assets changed hands during the first half of this year.

A slowdown in commercial property deals has been expected as the sector reconsiders return hurdles and risk premiums.

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.  

The acquisition of 120 Spencer Street by CapitaLand is part of a flood of new Singaporean capital into Melbourne’s reviving CBD office market.

CBRE data reveals foreign investment in Australian commercial property has reached a new annual record, with $16.6 billion in office, retail, industrial and hotel assets having changed hands year to date.

According to CBRE, foreign investment in Australian commercial property has reached a new annual record, despite international border closures, with $16.6 billion in office, retail, industrial and hotel assets having changed hands year to date.

Border closures have not slowed down foreign investment activity in Australian commercial property.   Foreign investment in office, retail, industrial and hotel assets in Australia has reached $16.

North American investors have led the charge into the commercial property sector, accounting for around 39 per cent of total foreign investment this year.

The next owner of a prime CBD site in Melbourne will be competing with a handful of other major projects to accommodate a new generation of post-pandemic office workers.