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Siemens Commits to Ex-Mitsubishi Site, Adelaide

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Wednesday, 07 August 2013 07:00

SIEMENS is the latest tenant to commit to Adelaide's new Tonsley Park industry hub - a government led redevelopment of a 61-hectare site for years a Mitsubishi Motors manufacturing plant.

Siemens will joint Flinders University and TAFE SA on the site, set to become a manufacturing cluster for businesses. Liberal Premier Jay Weatherall met with Siemens executives last May, according to The Adelaide Advertiser.

The former manufacturing site will also include education facilities and a residential component. The government approved a master plan in May 2012, and is committing more than $250 million.


Buyer Pays $5.3m for Unfinished Gold Coast Mansion

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Tuesday, 06 August 2013 13:00


PERTH based civil engineer Riccardo Rizzi is understood to have paid $5.3 million for a Gold Coast mansion at one stage mooted to become one the country's most expensive homes.

The Tuscan inspired home at 26-32 Knightsbridge Avenue in Sovereign Island was auctioned on Tuesday after the ANZ bank repossessed it last October.

Former owners - accountant Clare Marks and husband, corporate lawyer Scott Tyne, are reported to have paid $9.4 million for the block in 2005.



CBIM Selling 157 Ann Street, Brisbane, For $40 Million

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Tuesday, 06 August 2013 09:01

THE City of Brisbane Investment Corporation is reportedly close to selling a Brisbane CBD office at 157 Ann Street for about $40 million.

The 13-level, B-grade building was purchased by CBIC for $21.5 million in 2009.

A private investor, being represented by Sydney-based Anton Capital is in due diligence to buy the asset.


Council to Offload Prominent Greensborough Block With Permits

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Friday, 09 August 2013 07:26

THE Banyule City Council is selling a prominent “gateway” site in Greensborough – about 17 kilometres north-east of Melbourne.

The block is for sale with a permit to develop two triple storey buildings which will include a total of 943 square metres of retail at ground level, and 1696 square metres of office space above.

At the corner of Main Street and Greensborough Walk – a busy thoroughfare connecting pedestrians to the suburb’s Watermarc Leisure and Aquatic Centre – the sale is expected to boost council’s coffers by about $1.65 million.


Mammoth Lodges Plans to Build 55-Level Tower Opposite MY80 Building, Elizabeth Street

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Thursday, 08 August 2013 07:23

IT PROVED profitable the first time, so Malaysian developer Mammoth is doing it again at the corner of Elizabeth and A’Beckett streets in the CBD.

Mammoth this week lodged plans to replace a 1028 square metre site at the block’s south-east corner, with a 55-level apartment building with 465 units and 96 car parks.


Simonds Homes Signs Biggest St Kilda Road Lease Deal This Year

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Wednesday, 07 August 2013 07:20

SIMONDS Homes has leased a 2800 square metres headquarters at 570 St Kilda Road – the biggest office lease deal for that city-fringe market so far this year.

Simonds will consolidate from two offices in nearby Albert Road, South Melbourne, to occupy almost three levels of the new building, near the intersection of Moubray Street, an extension of trendy Greville Street.


Grocon Lodges Plans For New Tower on CUB Site, 218 Flats, Seven Car Parks

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Wednesday, 07 August 2013 07:18


GROCON has lodged plans to develop another dense residential building on a slice of the former Carlton & United Brewery site, abutting the city’s northern tip.

The Melbourne developer is seeking to build a 20-level building on a subdivided portion of the brewery with a 60 metre frontage to Bouverie Street.

The proposed building, with 218 flats, will include just seven car parks.


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