News

"Savills plc, the global real estate advisor, publishes the following trading statement in respect of the year ended 31 December 2024. The Group expects its full year performance for 2024 to be in line with its expectations and substantially ahead of the previous year."

"New Report Reveals Largest PSBA Pipeline Since 2020 As Developers Supersize Their Projects"

"Savills Australia and New Zealand is pleased to announce the sale of the Union Jack Hotel and the Jack House Hostel, sold via an on-market sale process after a comprehensive campaign."

"Australia’s industrial real estate market is now adjusting following a cycle of record growth, according to leading real estate agency Savills Australia’s recently released ‘Spotlight Industrial Shed Briefing – November 2024’ report. The report reveals that rental growth has halted across Australia’s three largest core industrial markets - Sydney West, Melbourne West, and Brisbane Southside – as vacancy stabilises."

"In a significant off-market transaction, Shaw Harrison of Savills Australia and New Zealand has successfully brokered the sale of two adjacent aircraft hangars at Brisbane Airport, representing the buyer, Alliance Airlines, in the $20,900,000 leasehold acquisition."

"The Adelphi Hotel on Flinders Lane has sold for the second time in 18 months after being acquired by Melbourne based hotel investor Mazen Tabet in a deal worth a reported $19 million."

"Sydney CBD’s commercial leasing market continues its recovery, with rising tenant demand for high-quality fitted out offices in core locations amid reduced availability of Premium space, according to leading real estate agency Savills Australia’s recently released ‘Full Floors Report.’"

"The iconic Alex Theatre and Conference Centre in St Kilda, a pillar of Melbourne’s vibrant performing arts scene, has officially been listed for sale, marking the end of an era and the beginning of a new chapter for this beloved cultural hub."

"A prime 1.884-hectare site formerly the Narrabeen RSL Memorial & Recreation Club, has been sold for $15,400,000. The property, purchased by a local developer, features a 2-3 storey L-shaped building, three lawn bowling greens, and significant potential for redevelopment."

"Swan Suites, an all-suite hotel in the heart of one of Sydney’s fastest-growing suburbs, is being offered to market with the asset presenting an exceptional opportunity for investors seeking a high-quality asset with flexible acquisition structures."