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IFM Investors divests Midtown Melbourne for $154m to Coombes in CBD retail mega deal
IFM Investors has unconditionally exchanged a contract for the sale of Midtown Melbourne at 246 Bourke Street to Sydney-based Coombes Property Group for $154 million in what marks the largest Melbourne CBD retail transaction since 2024, reinforcing renewed confidence in prime city retail assets.
Jess Freeman • 22/05/2026
Glen Iris church site with six-level upside tipped to fetch more than $10m
Victorian church site hits the market with six-level development upside under new higher-density planning reforms
Jess Freeman • 22/05/2026
Cushman & Wakefield launches AI Impact Barometer to track how artificial intelligence is reshaping the real economy
Cushman & Wakefield’s new AI Impact Barometer tracks how AI is reshaping Australia’s economy, infrastructure and commercial real estate using data‑led signals.
Jess Freeman • 14/05/2026
Mernda super site with 150-townhouse potential hits market
A 4.4‑hectare Mernda landholding opposite the station has hit the market, offering circa 150‑townhouse development potential in Melbourne’s northern growth corridor.
Jess Freeman • 14/05/2026
Mackay retail sale sets new yield benchmark as investor demand intensifies
A fully leased retail asset in Mackay’s CBD has set a new pricing benchmark for 2026, with a $5.1 million sale reflecting one of the tightest yields recorded in the Mackay market this year.
Jess Freeman • 14/05/2026
Archdiocese to sell East Melbourne Office Property
Catholic Archdiocese of Melbourne brings prominent East Melbourne office property to market amid resilient demand for city-fringe assets.
Jess Freeman • 11/05/2026
Family-held Clyde site sells as developers chase scale
A tightly held parcel in Melbourne’s south-east growth corridor has sold off market, with AVID Property Group securing 40 Derricks Road, Clyde on an extended settlement, underscoring sustained demand for scale-ready development sites in key greenfield markets.
Jess Freeman • 11/05/2026
Greater Hobart’s largest industrial development opportunity set to hit the market
A 76-hectare industrial landholding in Greater Hobart’s northern corridor is being prepared for market, representing what is expected to be the region’s largest industrial development opportunity to date.
Jess Freeman • 11/05/2026
Toowoomba CBD office asset with Suncorp Bank anchor hits market
A tightly held office asset directly adjoining Toowoomba’s dominant retail precinct is expected to test investor appetite for regional CBD investments underpinned by blue-chip tenancy and long-term growth fundamentals.
Jess Freeman • 05/05/2026
