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Target Signs Major Office Lease in St Kilda Road, Melbourne

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Thursday, 28 June 2012 12:00

RETAIL giant Target has leased 4462 square metres of office space on Melbourne city-fringe office market, St Kilda Road.

The Wesfarmers controlled group chose the building because of its proximity to the CBD and Flinders Street train station.

St Kilda Road office tenants have criticised (and vacated) the area which is only serviced by train. At it's peak St Kilda Road had more than 800,000 square metres of available office space, but no developer has proposed a new office in more than ten years.


Ingenia Communities Sells Corio Retirement Village to Residential Developer For $3.1 Million

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Friday, 29 June 2012 00:12

INGENIA Communities, formerly controlled by Dutch investment giant ING and from earlier this month, a separate ASX listed company, has sold the Lovely Banks Gardens near Geelong.

The 65-unit village Corio village sold conditional on a rezoning which would allow for a residential redevelopment. A Victorian developer is said to be purchasing the site near Lindsay Fox's Avalon Airport.

In 2010, Ingenia ruled the "poor performing" asset as "non core" to its portfolio. It will pump funds from the sale into other developments, conversions and acquisition opportunities it is hoped will earn a return-on-investment of some 20 per cent.


Australia's Population Boom Continues, We're Now at 22.5 Million

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Wednesday, 27 June 2012 00:05

AUSTRALIAN Bureau of Statistics show the nation’s population surged 1.4 per cent last year to 22.5 million.

Victoria led the population surge recruiting 75,000 new residents in the way of immigration, more babies and a net increase from other states. The state now has 5.6 million people.

Mining states Western Australia (which gained 67,400 residents) and Queensland (66,500) were the next fastest growing states.


Woollahra Council Approves Lachlan Murdoch's $11.6 Extension, Bellevue Hill

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Sunday, 01 July 2012 00:18

THE Woollahra Municipal Council earlier this month approved the $11.6 million renovation of a Bellevue Hill home, lodged by Channel Ten chairman Lachlan Murdoch (pictured, right) and his wife Sarah.

The approval is subject to conditions designed to protect the views and privacy of neighbours (some of whose houses are pictured in the aerial image, far right).

The high-profile couple paid $23 million in 2009 for the Bellevue Hill mansion, formerly the French Consulate. The couple later purchased a home adjoining the elevated historic mansion which has postcard water views.


The Tivoli, Fortitude Valley, For Sale

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Saturday, 30 June 2012 00:12

POPULAR music venue The Tivoli in Fortitude Valley, Brisbane, will be auctioned next month.

The Brisbane business and freehold is being sold by the O’Rourke family.

The art deco building, developed in 1917 according to its website, will host upcoming performers Rick Astley and Jose Felliciano.

Website did not publish an expected sale price. The hotel sits on a 2160 square metre block.


TAL Leases 10,500 Sq m in Sydney CBD

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Wednesday, 27 June 2012 03:00

THE life insurer formerly known as Tower, and now, TAL, will relocate across from Sydney’s north to the CBD after committing to lease 10,500 square metres at 363 George Street, near Martin Place.

TAL will leave Milsons Point and Albert Street which it has called home for 40 years. The move will bring together the company’s 850 staff – including some currently located at another Martin Place office.

It’s new George Street office will spread across 12 levels. It fills part of 60,000 square metres being vacated by the Commonwealth Bank (which is moving to the Darling Quarter).


Olivia Newton John Cancer and Wellness Centre Opens in Heidelberg, Melbourne

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Friday, 29 June 2012 00:00

TWENTY years after being diagnosed with breast cancer, Australian entertainer Olivia Newton-John opened a landmark rehabilitation centre in Melbourne’s north-east this month (pictured, far right).

Olivia Newton-John thanked the Baillieu Liberal government for finalising funding for the $189 million Olivia Newton-John Cancer and Wellness Centre, which includes day and radiation oncology and complementary therapies such as acupuncture, massage, yoga, meditation and homeopathy.

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