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Villa World Sells Stake in Eynesbury Estate, Melbourne, For $60 Million

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Wednesday, 21 August 2013 15:02

ASX listed developer Villa World has sold its interest in a major western suburb housing estate for $60 million.

An as yet undisclosed international consortium has bought the asset which includes undeveloped land as well as the (as yet incomplete) Eynesbury golf course  and business. The consortium will co-develop the boutique western suburb estate with Villa World.

Eynesbury blocks have been released to the market in stages over the past few years. The farm on which it is being developed was once owned by the wealthy Baillieu family. Near Melton, the Eynesbury estate is being developed around a historic homestead and will include several green spaces.


Charter Hall Sells Sydney's 400 Kent Street Sells For $58 Million

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Saturday, 10 August 2013 07:37

AN UNLISTED Charter Hall fund has sold a Sydney CBD office building for a reported $58 million.

Credit Suisse Asset Management has purchased the B-grade, 13-storey, 10,460 square metre tower at 400 Kent Street, most of which is leased to the Central Queensland University. Constructed in 1992, the building includes 11 car parks.

According to marketing agency CBRE, the deal was struck on a 7.85 per cent yield. The agents were Michael Andrews, Joshua Cullen and Rohan Ramsay.


Blocks in Exmouth Marina Village Relisted at Substantial Discount

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Friday, 09 August 2013 06:36


BLOCKS of land, part of the stalled Exmouth Marina Village in Western Australia, have come back onto the market after the developer went into receivership.

The 60 blocks for sale in the multi-million canal development, which was touted could become a seaside playground for residents in the Pilbara, nearby, have been substantially discounted.

Eleven of the blocks are for multi-residential developments like blocks of flats. The balance are residential lots, many waterfront.

A portion of Exmouth Marina Village is occupied by the Novotel Ningaloo Resort.



Man-Built Island Mooted for Darwin's Nightcliff

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Wednesday, 07 August 2013 07:28

AN ISLAND with 200 residential lots could be developed off the coast of Darwin.

The Northern Territory Planning Minister Peter Chandler revealed in a Budget Estimates hearing last week that a man-made island is being considered off the Nightcliff foreshore.

He said the proposed development has been referred to the Planning Commission. Chairman Gary Nairn said Nightcliff Island would be developed about where Progress Drive turns into Casuarina Drive. The serene precinct is a northern suburb of Darwin.


WA Government Unveils $9 Million Affordable Housing Complex, Bunbury, WA

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Friday, 09 August 2013 07:19

THREE years after demolishing the city's oldest lodging accommodation for homeless men, Yanget House, the West Australian state government has opened a new $9 million facility in Bunbury, about 175 kilometres south of Perth.

The $9 million facility at 25 Victoria Street will be operated by not for profit company Access Housing Australia. It will cater for low to moderate income earners. It will also be a drop in centre and used for crisis accommodation.

Bunbury Mayor David Smith said the triple-storey Victoria Street facility was a much improved step up from Yanget House which provided occupants with just a bed and small cupboard.


Topshop and Zara Lodge Plans to Occupy Neighbouring Sites, Perth CBD

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Thursday, 08 August 2013 08:00

TWO of the world's biggest retailers may set up shop next door to each other - in a huge boost for the Perth CBD retail market.

Topshop has lodged plans for a double-storey, 2200 square metre shop in the city, at the western section of the Carillon City Arcade on Murray Street.

Some 35 stores would be demolished to make way for Topshop. The shop would extend through to Hay Street.


Jamie Oliver Eyes Brutalist APBC Building, Adelaide, For Restaurant

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Thursday, 08 August 2013 08:00

CELEBRITY chef Jamie Oliver is considering opening a restaurant in Adelaide's Walkerville, on the lower levels of the former Highways Department buildings, a distinctive former office identified as one of the country's finest surviving examples of Brutalist architecture.

Melbourne-based Asian Pacific building corporation is refitting the former office in north-east Adelaide. The British chef has apparently investigated taking space in the building. The Walkerville site and two others, in the Adelaide CBD, are reportedly on the radar of Oliver's Pacific Restaurant Group. The space would trade as Jamie's Italian.

APBC chief executive Will Deague confirmed Oliver had inspected the space. He said an announcement about the retail tenancies will be announced later this year.

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