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South Australia

Toll NQX Leases 20,000 Square Metre Industrial Facility, Adelaide

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Written by Marc Pallisco   
Monday, 08 February 2010 00:37

LOGISTICS giant Toll NQX has leased a 20,000 industrial property at billionaire property developer Lang Walker’s Vicinity Industrial Estate, in Adelaide.

Vicinity is near the mouth of Adelaide’s $560 million Northern Expressway (http://www.northernexpressway.sa.gov.au/).

Mr Walker told the AFR Toll’s lease vindicates his decision to focus on developing industrial estates on key transport routes and where the government is investing.

 

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Adelaide's Chelsea Cinema to be Sold

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Written by Marc Pallisco   
Friday, 22 January 2010 21:57

ADELAIDE’s Chelsea Cinema will be sold.

Despite a public campaign to rescue the 85-cyear old cinema, Adelaide Now has reported the Burnside Council is seeking expressions of interest, which would see the 1810 square metre State Heritate listed cinema site sold.

An adjoining 725 square metre block at 39 May terrace is also available as part of the EOI campaign, set to close on February 26.


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Valuer General Info Shows Adelaide Median House Price Surge: 2009

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Written by Marc Pallisco   
Sunday, 17 January 2010 23:16

EXCLUSIVE figures released to The Advertiser last week, shows Adelaide’s metropolitan median rose 6.25 per cent to $382,500 in the December 2009 quarter, compared to the same period in 2008.Glenelg

State wide, medians increased 5.77 per cent to $352,000.

Somerton Park, just south of Glenelg South, reported the strongest median value growth – up 35.64 per cent since last year. It was followed by Broadview (28.42 per cent) and Willastown (22.37 per cent).

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Southern Cross Care Pays More than $8 Million For Adelaide's Carmelite Monastery Site

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Written by Marc Pallisco   
Thursday, 12 November 2009 08:04

AGED care accommodation provider Southern Cross Care has paid more than $8 million for a landmark Adelaide property controlled by the Catholic Church for more than a hundred years.

The former Carmelite Monastery at Myrtle Bank includes a 24,000 square metre residential zoned site at the corner of Glen Osmond and Cross roads, in Adelaide's ritzy east.

Southern Cross, which is developing a luxury apartment complex across the road from Carmelite, will settle on its purchase just before Christmas.

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PCA Unveils Adelaide in 2036 Planning Proposal

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Written by Marc Pallisco   
Tuesday, 27 October 2009 20:34

AdelaideTHE Property Council of Australia today unveiled its "Adelaide in 2036" planning proposal.

The report proposes a city-wide masterplan to promote city living.

PCA executive director Nathan Paine said in his recommendations a taller hospital, on a smaller site, would allow the city to utilise its riverbank with taller buildings, much like Brisbane or Melbourne.

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