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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.



After 16 Years, Reading Group Sells Dilapidated Moonee Ponds Market Site

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Tuesday, 06 August 2013 09:50

AFTER 16 years, a new owner of the Moonee Ponds Market is expected to be announced this week.

A developer is understood to be in advanced negotiations to buy the 1.34 hectare site, opposite the Moonee Ponds train station – for a speculatd $25 million.

US-based Reading bought the block with the intention of replacing it with a major entertainment complex.


Singaporean Developer Pays MAB $25 Million For Docklands Site With 2 x Permits

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Thursday, 01 August 2013 09:08

MAB Corporation has sold a major 3795 square metre Docklands site - a portion of a larger piece it bought from ING five years ago.

The block on Pearl River Road sold for a reported $25 million. MAB paid ING $23 million for the larger piece.

MAB listed the block for sale in May, shortly after lodging plans for two apartment towers of 43 levels (with 244 flats) and 16-levels (with 181 units). It sold the sites with a permit.


Lend Lease Secures 2.5 Hectares of Prime Docklands Land, Melbourne

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Wednesday, 31 July 2013 18:39

MORE than two years after the site was first tendered, state government planning agency Places Victoria (then known as VicUrban, one of various recent name changes) has found a buyer for one of Dockland’s last undeveloped site.

The 2.5 hectare land parcels known as Parcels 5B, 6 and 6A are expected to make way for multiple towers, totalling about $1.5 billion.

The land abut the rear of The Age building, with frontage to Collins Street. It spreads on both sides of Wurundjeri Way and public art project Bunjl, which may be relocated.



Planning Minister Approves $800 Million-Plus Redevelopment of Ex-Age Site, Melbourne

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Wednesday, 30 January 2013 00:00

IT USED to be considered the dankest end of the Melbourne CBD - but now two former industrial sites opposite the Southern Cross train station are to make way for some ten swank skyscrapers accommodating some 5500 apartments.

Yesterday Victorian planning minister Matthew Guy approved an $800 million redevelopment of the former Age newspaper site at 250 Spencer Street.

The proposal – seen in ISPT’s 2012 annual report – seeks to add six skyscrapers and 2994 flats to the block which for years housed The Age newspaper.


IOOF Investment Management Buys $24 Million Industrial Asset, Derrimut

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Monday, 19 November 2012 00:00

IOOF Investment Management Ltd has paid $24 million for a 27,000 square metre industrial facility in Melbourne’s west.

The Derrimut investment is within Australand’s West Park Industrial Estate – a 290 hectare industrial park located fifteen kilometres from town on Boundary Road, abutting the Deer Park Bypass.

Just over a year ago IOOF paid $19 million for another asset in the Australand estate. Other West Park occupants include Mitre 10, Freight Specialists, La-Z-Boy and Bed Bath N’Table.

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