Developed Commercial Real Estate

This category includes acquisitions of hotels, motels, hostels and guesthouses. It also includes acquisitions of individual dwellings within these properties, where they are part of the hotel, motel, hostel or guesthouse (not just physically located within the property). For example, the acquisition of a hotel room in a strata titled hotel where that room is managed by the hotel operator (that is, it is part of the hotel) is considered to be developed commercial property, but the acquisition of a unit in a hotel building where that unit is owner-occupied or rented out privately by the owner (that is, it is not part of the hotel) is considered to be residential property.

Proposed acquisitions of developed non residential commercial real estate valued above the relevant thresholds are normally approved unless they are determined to be contrary to the national interest.

Who is exempt?

Refer to Exemptions for acquisitions which do not require notification and approval.

How to Apply

For information on how to apply (including application forms), please see How to Apply.