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The trading of the CBD’s hotels goes on amid the boom in high-rise hotel developments, and the 96-room Hotel Sophia on the corner of King and Little Lonsdale streets is next.
Howzit My China is looking to build a new state-of-the-art self-storage facility in Abbotsford, which is surrounded by apartments, many of which are too small to fit their occupants’ belongings.
Australia’s three-year electoral cycle means the Australian Electoral Commission can only sign up to three-year leases, and that relatively short lease term can chip away at a property’s value.
A development site new to the market includes a Smeg outlet at 143-155 Victoria Parade, a Porsche-leased warehouse on Rupert Street and a clutch of buildings on Rokeby Street.
Nearly two whole floors in a key Bourke Street building are up for sale.