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Baillieu Government $5.5 Million Richer After Parkville Police Station Sale

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Friday, 06 July 2012 00:21

THE cash-strapped Baillieu government is some $5.5 million richer after selling a prominent Parkville property to developers.

The former Parkville police station at 155 Royal Parade was listed for sale after the boys in blue relocated to a new four-storey facility in Wreckyn Street, North Melbourne.

On an 1802 square metre block and with two street frontages (see aerial picture, right), the site is expected to be replaced with an apartment complex exploiting unobstructed park views. It is unknown whether an original station building, developed in 1878 will be retained as part of the redevelopment.

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Circus Oz to Quit Port Melbourne For Collingwood in Spring, 2014

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Thursday, 05 July 2012 06:17

IT WILL be the end of an era in Port Melbourne next spring, when Circus Oz plans to cross town.

The unique business, one of only four in Australia supported as an ‘international company’ by both the state and federal governments – will relocate to a Skills Victoria owned site at 35 Johnston Street in the inner north-east suburb of Collingwood.

The circus’s outgoing Port Melbourne headquarters at 40 Bay Street is on crown land but may be sold down the track, as it fills a major gap separating the popular retail strip, from the beach.

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Troubled Truck Giant's Melbourne Headquarters For Lease

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Wednesday, 04 July 2012 00:12

THE Sunshine West headquarters of troubled trucking company 1st Fleet, which shut its doors last month, has quietly been listed for lease by its ASX-listed owner, Valad Property Group.

The purpose built transport and warehouse facility in Strezlecki Avenue, abutting Kororoit Creek which is also the Brooklyn suburb border, measures about 7100 square metres. On a 2.4 hectare block (pictured, right), the facility also includes expansive concrete hardstand for truck access and parking.

1st Fleet, which owns about 1000 trucks and employs about 1000 people nationally went into administration eight weeks ago.

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News Limited Issues Leasing Requirements, Sydney, Which May See it Quit Long Time Surry Hills Home

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Wednesday, 04 July 2012 09:04

MEDIA giant News Corp has signaled it could relocate from its long-time, owner-occupied premises in Holt Street, Surry Hills, in Sydney’s inner south.

The local News Limited arm has issued a leasing requirement for between 2000 and 12,000 square metres to occupy in the medium and long term. In addition it is looking for 1000 square metres to 5000 square metres of space immediately.

News Limited - which recently announced a restructure which would involve shedding jobs - is looking around Sydney’s western suburbs as well as Chatswood and the North Shore.

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Corporate Giant KPMG Leases Offices on the Sunshine Coast

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Wednesday, 04 July 2012 00:02

The corporate giant, which occupies thousands of square metres of high-end space in the major capitals, has leased 500 square metres at the Emporio mixed used development at 2 Emporio Place, Maroochydore.

The seven-year lease is reported by the AFR as having two further five year options.

KPMG is reportedly paying $180,000 per annum to occupy the space, which equates to $360 per square metre, per annum. Colliers International and Savills leased the space on behalf of Reed Property Group.

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Tom Gunn Shoes Signs One of Melbourne's Smallest Retail Lease Deals

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Saturday, 07 July 2012 00:58

ONE of the country’s smallest lease deals has taken place in the Melbourne CBD.

Shoe label Tom Gunn has reportedly leased 22 square metres of space within one of the city’s famous laneways – Howey Place, off Little Collins Street.

The AFR reports the rent is $4318 per square metre, per annum – or about $95,000 a year.

 

Ray White to Invest $100 Million in South Korean Mixed Use Project

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Thursday, 05 July 2012 00:47

LOCAL real estate group Ray White is reportedly considering investing $100 million in a South Korean real estate development at Gwangyang, on the less developed south-eastern coast of the country (map, right, with Gwangyang highlighted).

The move, part of a continuing low profile expansion into Asia, will see a residential and retail development developed in an area the central government is trying to encourage decentralization out of Seoul.

According to the AFR which reported the Gwangyang proposal in detail, the 2012 Expo is being held at the nearby town of Yeosu. It is in a city where most of Australia’s iron ore exports to South Korea are delivered for use at the Posco steel mill, nearby.

South Korea has long been a large commodities export market.

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