Giant Football Academy Still on Track For Former Liverpool Golf Course

PLANS to develop a giant football academy on a former golf course, in the south-western Sydney suburb of Liverpool are still on track, despite banks putting the property on the market for $6 million as a mortgagee in possession.

Property developer Eddie Parilio said he expects to pay out money owed on the property, before the end of the property’s marketed tender. A repayment would give him back clear possession of the property, and allow him to proceed with redevelopment plans.

Read more

Defence Health to Reap $6.5 Million From Sale of Outgoing St Kilda Road Office

PRIVATE health insurer Defence Health can expect to make $6.5 million from the sale of a prominent St Kilda Road office within walking distance to the Flinders Street station.

Defence Health is the latest in a string of companies to list formerly owner-occupied buildings for sale, while it rents elsewhere.

Defence Health’s outgoing office three-level office at 344 St Kilda Road, opposite the Shrine of Remembrance is being marketed by Colliers International’s Ben Christie.

Read more

Southern Cross Hotel, Near South Melbourne Market, For Sale

THE pocket around South Melbourne Market may see yet another crane, if developers buy the Southern Cross Hotel on the south-west corner of Cecil and Market streets, on the suburb border of Southbank.
 
The double-storey hotel will be sold later this year with vacant possession, meaning prospective hotel operators will have to compete with developers, who could propose a medium or high density apartment tower for the site. It is expected to sell for about $2 million.

Read more