Melbourne commercial property: Real estate sales including Prince of Wales Hotel, Tolarno Hotel and Mr Donut Factory theage.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theage.com.au Daily Mail and Mail on Sunday newspapers.
In a thumping vote of confidence in Melbourne’s CBD, luxury retailer Chanel has paid $75 million to buy its 10-year-old boutique on the corner of Russell Street and Flinders Lane.
Listed Queensland property fund and developer GARDA Property Group has withdrawn from Melbourne’s troubled office market, selling 8-10 Cato Street in East Hawthorn this week to an owner-occupier.
The recession of the 1990s was followed by innovation and new business activity in the Melbourne CBD. Small bars opened, laneways were activated, and inner-city living took off. We are seeing something similar happening now.