REVISED concept plans have been released for a luxury mixed use development, within the wals of the former Commonwealth Bank building in Darwin's CBD.

Sydney-based Tanner Architects has been appointed to design the new tower, which is being developed by the Commonwealth Hotel and Residences development, and Fannie Bay Investments Philip Grice.

The development, which was first proposed in 2007 according to the Northern Territory News, will rise 21 levels, and contain seven levels of offices, two levels with 24 hotel suites, and 10 levels with 44 "own your own" apartments.

To be developed on the corner of Smith and Bennett streets, near Darwin's state square precinct, the project is being considered by the council and Development Consent Authority.

Port Melbourne is undergoing an industrial showroom development boom, with a further $57 million of new projects announced this week, almost doubling the value of showrooms under construction in the high-tech industrial precinct.

The South Melbourne headquarters rags to riches entrepreneur Frederick Laycock made his fortune at the turn of the century has been put to the market.

News that the Herald & Weekly Times may be the next major corporate tenant to relocate to Docklands is intensifying.

Ten months after announcing it would pack up from the big smoke and head bush to Tatura in provincial Victoria, Unilever has sold its outgoing dry goods manufacturing facility in Knoxfield, for a price speculated to be more than $12 million.

Executives at Melbourne-based listed property group Australian Public Trustees will be on every agent’s Christmas card list this year, with speculation the relatively unknown fund manager is formalising a $230 million purchase of at least three east coast office buildings, being sold by the recently delisted Investa Property Group.

A Singaporean investor has paid $34.1 million on a low passing yield of 5.5% for the Centre Way building on Collins Street in the Melbourne CBD

Following in the footsteps of rival newspaper The Age which recently leased a new building at Docklands, speculation is mounting this week that the Herald & Weekly Times, publisher of The Herald Sun, is looking to move across the road from its main rival.

THE scaffolding is up, a crane is being assembled and the invitations are in the mail as The Age finally announces its radical new Docklands headquarters.

A year after winning the rights to develop the Transport Accident Commission’s new Geelong headquarters, developer and fund manager FKP is motoring out of Geelong and selling the building.

Australian Stock Exchange listed healthcare operator Healthscope has given the St Kilda Road office market a clean bill of health, confirming it will lease about 4800 square metres of A-grade office space at the Gateway building at 312 St Kilda Road.

Melbourne’s once forgotten southern Docklands precinct is set for a development boom, with Macquarie Real Estate Equity Fund, the McMullin Group and Austexx announcing new office projects this week.

Private investors spent more than $12 million in Melbourne’s inner eastern suburbs this week, buying retail showrooms, office buildings and development sites.

Hot on the heels of its $208 million sale of Sydney’s Carlton & United Beverages brewery site to Singapore-based Fraser Properties in June, the Foster’s Group is about to put a portfolio of Melbourne inner city buildings on the market.

Budding Melbourne-based call centre operator SalesForce is understood to have leased the former Qantas office building at 50 Franklin Street, in an off-market deal negotiated between the building owner and tenant.