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Construction PRO
Fire House purchase by Sonnel marks first pub sale in North Sydney in 40 years
Real Estate 2025-08-26 11:47 pm By Christine Caulfield

Hotelier Mark Barry has sold the iconic Fire House Hotel for a reported $35 million, in the first freehold hotel transaction in North Sydney’s CBD in more than 40 years.

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Construction PRO
Maplewood acquires Perth site for student housing development
Real Estate 2025-08-25 11:23 pm By Cat Fredenburgh

Singapore-based developer Maplewood Investments has acquired a 1,398 square metre site in Perth’s CBD to develop a premier 835-bed student housing accommodation.

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Construction PRO
Lendlease scores pharma giant as latest Victoria Cross Tower tenant
Construction 2025-08-22 11:09 pm By Julia Kanapathippillai

Global pharmaceutical company Novartis has become the latest tenant at Lendlease’s Victoria Cross Tower in North Sydney. Novartis ANZ will set up shop across one floor of the building, occupying 1,700 square metres in the mid-rise of the building, Lendlease said Thursday. The skyscraper is more than 30 per cent leased, with 70 percent of…

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Construction PRO
Cyprus Club administrators have power to sell ‘substantial’ Sydney property: court
Real Estate 2025-08-22 11:47 pm By Andy Sidler

The administrators of the New South Wales Cyprus Community club can sell an inner Western Sydney property of “substantial value”, with a judge finding they are not subject to a condition under the Registered Clubs Act. 

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Construction PRO
State revenue office loses row with Montessori Foundation over property taxes
Real Estate 2025-08-22 11:09 pm By Julia Kanapathippillai

The Queensland Commissioner of State Revenue has lost an appeal against the Montessori Children’s Foundation after it refused the organisation’s bid to be registered as a charity to avoid property taxes.

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Construction PRO
Mills Oakley solicitor used by client in attempt to mislead court, judge finds
Real Estate 2025-08-21 11:24 pm By Cindy Cameronne

A director at property developer Villawood can’t shield instructions given to his Mills Oakley solicitor after a judge found he sought to use his lawyer to mislead the court.

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Construction PRO
Elanor recommends shareholders reject Lederer’s ‘opportunistic’ $284M takeover bid
Construction 2025-08-21 11:42 pm By Cindy Cameronne

Elanor Funds Management has recommended shareholders reject a $284 million unsolicited takeover bid by the Lederer Group, saying the price is “opportunistic” and materially undervalues the commercial property fund. 

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Construction PRO
Former Wallaby snaps up Riverina pub for $50M
Real Estate 2025-08-21 11:03 pm By Sam Matthews

Former Wallabies player Bill Young has bought the Gem Hotel in Griffith for a reported purchase price of $50 million, in a deal which broker HTL Property said set a new record for pub sales.  HTL Property announced on Wednesday that it brokered the deal between publican Jim Knox and former Wallabies player turned businessman…

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Construction PRO
Reece did not validly terminate Sydney warehouse lease, court says
Real Estate 2025-08-20 11:04 pm By Julia Kanapathippillai

A judge has found bathroom products giant Reece did not validly end a decade-long warehouse lease after its own actions caused a delay in obtaining an occupation certificate.

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Construction PRO
Marquette acquires Brisbane office tower for $52M
Real Estate 2025-08-20 3:26 pm By Cat Fredenburgh

Real estate investment manager Marquette Properties has acquired an office tower on George Street in Brisbane for $52 million, after scooping up another tower down the street last year for a student accommodation. 

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