The retail component of QV is undergoing a recovery, with two major high end retailers committing to space on Albert Coates Lane.

A former banking chamber in Clarendon Street South Melbourne is believed to have sold to a private investor in an off-market deal worth around $3.7 million.

The former Lincoln Mills industrial site in Coburg is to be redeveloped into a $20 million homemaker centre.

Investa is believed to be formalising a deal to buy the last two development sites at the Botanicca Corporate Park in Richmond.