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CBD properties flood the market as owners shift into sell mode


CBD properties flood the market as owners shift into sell mode
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Shifting fortunes are bringing a flood of CBD properties to market with a raft of long-term and short-term investors calling time on their holdings.
In the west end, a pair of investors who held their properties for more than 40 years are selling 423-425 Elizabeth Street.
CostFox’s strata office in Cremorne.
Credit:
Originally part of the old Argus Hotel - neighbouring the Argus Building on the corner of Latrobe Street - the shop is expected to fetch a whopping $15 million. ....

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Why investors are excited about the Newcastle CBD


Why investors are excited about the Newcastle CBD
By Bianca Dabu
07 April 2021
|
1 minute read
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The Newcastle CBD is defying the impacts of the pandemic, with office demand said to be rising as more companies look to relocate to regional areas, a new report has revealed.
An increasing number of companies are turning to regional locations as a result of the workplace shift instigated by the COVID-19 pandemic, Ray White Commercial’s latest
Between the Lines research has found.
Considered an investment safe zone due to its successful approach to the COVID-19 pandemic, the Newcastle CBD has become one of the better-placed office market performers during the pandemic, successfully keeping occupancy and demand levels high, according to the report. ....

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$4 million beachfront dining bid transforms 'derelict' site


Ralph Rogers at his popular Acres Noosa commercial complex in Noosaville.
Mr Rogers has previously repurposed buildings such as the Ecomnoosa complex in Noosaville, which was formerly a failed retail space.
He transformed that into a successful accelerator space for small business.
One of his favourite projects is Acres Noosa – a popular Noosaville destination focusing on health, home garden and meals near the Thomas St dining precinct.
Mr Rogers has engaged building designer Andrew McKellar on his latest passion project.
He expects construction will be complete by June.
“It’s such a prominent location – the building looked squashed and it looking derelict was such a bad look for Coolum Beach so I decided to do something about it,” Mr Rogers said. ....

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