Richmond

Victorian State Government Reaps $16 Million From Education Sites

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Real Estate News - Victoria
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Monday, 20 August 2012 08:37

AS TEACHERS and the cashed-up education unions bully for more pay, the cash-strapped Baillieu government has been forced to sell two prime assets including the landmark former Kangan TAFE in Gwynne Street Richmond, expected to one day make way for a  $200-million plus mixed use village.

In a busy week for school sales and listings, the state has reaped $9.25 million for the 7637 square metre inner-east site which will cease operating as a Kangan next March.

The Business 1 zoned property (aerial pic, right) is heralded as the largest commercial development site to sell in Melbourne this year measured by value – but it’s estimated the property could have been worth more than $20 million should it have sold with a more flexible zoning allowing for residential redevelopment.

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Council Approves $400 Million Redevelopment of Former Channel Nine Headquarters, Bendigo Street, Richmond

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Real Estate News - Victoria
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Wednesday, 21 December 2011 21:53


THE Yarra City Council has approved the $400 million redevelopment of Channel Nine's long-time Bendigo Street studios, in Melbourne's inner east.

 

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Salta Looks to Build on More Land Around Victoria Gardens, Richmond

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Real Estate News - Victoria
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Thursday, 07 July 2011 00:00

LOCAL developer Salta is pushing ahead with plans to build apartments on undeveloped pieces of land immediately surrounding the Victoria Gardens shopping centre, on the Richmond riverfront.

It’s applied to the Yarra City Council to build 405 flats within new complexes between 25 – 35 River Boulevard and at 15 Christine Crescent. The proposed developments would add 480 permanent car spaces and 30 visitor spots to the area, which is not serviced by a train.

Salta acquired the former Melbourne Fire Brigade land where Victoria Gardens was built in stages. With its last major purchase in 2004, it seized control of every corner at the busy intersection of Burnley, Walmer and Victoria streets.

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VCAT to Decide Fate of Dimmeys Richmond Store Soon

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Real Estate News - Victoria
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Tuesday, 14 June 2011 00:07

THE Victorian Civil and Administrative Tribunal needs more time to decide whether to allow the construction of a 10-level apartment tower atop Richmond’s iconic Dimmeys shopping centre.

After meeting this month VCAT is scheduling another date to debate the 82-unit proposal, which is slightly lower density than a Heritage Victoria endorsed 11-level proposal - rejected by the City of Yarra council in February.

Both HV and council voiced concerns about a previous proposal lodged in early-2010 which would have seen the south-west corner of the 140 - 160 Swan Street site replaced with two apartment towers, the tallest rising 11 levels.

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Address and Secrets of Channel Nine's The Block Revealed in Council Documents

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Real Estate News - National
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Monday, 13 June 2011 02:01

BEHIND the scenes, Channel Nine has been busy lodging applications to effectively rebuild the quartet of neighbouring terraces that are the subject of heavily marketed TV show The Block, which airs from June 20.

Nine agreed to buy the four rundown single-storey homes at 37-43 Cameron Street for $3.6 million soon after they hit the market last year. Settlement occurred in February, at about the same time new planning applications were lodged (and subsequently approved) by the City of Yarra council.

Eleven months ago, the terraces were offered for sale with an adjoining 446 square metre parcel of land (addressed 31 – 35 Cameron Street) which Nine is currently using to store materials and machinery.

Last Updated on Monday, 13 June 2011 02:16
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One in Seven Dwellings Within City of Yarra Now Public Housing

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Real Estate News - Victoria
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Thursday, 07 April 2011 00:00

FOURTEEN per cent, or one in seven dwellings within the City of Yarra council zone is now allocated as public housing.

According to council, there are 5039 public homes out of 35,960 dwellings within the council area – which encapsulates inner-city suburbs of Abbotsford, Carlton North, Collingwood and Clifton Hill.

This compares to mid-2006, when 4923 dwellings (or 13 per cent of homes) were allocated as public housing.

The number of social dwellings is set to surge within the council area – and throughout metropolitan Melbourne and Victoria - according to agents, architects, builders and planners who agree a commission flat building-boom is starting.

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Rove McManus Richmond Mansion Sells For $3.4 Million

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Real Estate News - Victoria
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Saturday, 26 March 2011 04:56

ENTERTAINER Rove McManus has sold his Richmond home for $3.4 million - returning a nifty profit on the $1.9 million he paid in 2003.

McManus, who recently moved to the US and paid $1.2 million for a house in Hollywood, listed the 144-year old Docker Street home for sale earlier this year.

It was advertised to sell for about $3.5 million, and was deemed "on the market" when bidding hit $3.31 million.

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Rove McManus Lists Richmond Home For Sale

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Real Estate News - Victoria
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Monday, 28 February 2011 00:03

Entertainer Rove McManus is taking advantage of the mismatch between Australian and United States property prices, listing his grand $3.5 million Richmond home for sale – after recently spending $1.2 million on a Los Angeles one.

Howlands, on Docker Street sits on a 383 square metre block and includes four bedrooms, a study, pool and cellar

Neighbours tell Secret Agent the home has quietly been marketed for private sale since earlier this year. However Howlands will now be auctioned via Jellis Craig Richmond.

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Colonial Sells Richmond Office For $18.35 Million

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Real Estate News - Victoria
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Monday, 01 November 2010 16:04

INTERESTS associated with Perth based Property Bank Australia and Security Capital Corporation have paid $18.35 million for a 5122 square metre office building in Richmond.

Building 8 of 658 Church Street was offloaded by Colonial First State Global Asset Management. The asset is fully leased to DDB and Optus (trading as Uecomm).

Based on the annual net rent of $1.637 million, the asset sold on a yield of 8.9 per cent.

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Vivas Lend Lease Proposes Major Redevelopment of Outgoing Channel Nine Studio, Richmond

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Tuesday, 21 September 2010 22:08

CHANNEL Nine’s outgoing Bendigo Street, Richmond studios will be replaced with a 550 unit apartment based village, with towers rising eight levels, according to new plans lodged at council.

Historic buildings within the complex will be retained, but the balance of the 3 hectare site will make way for medium and high density dwellings.

Vivas Lend Lease paid Channel Nine a reported $50 million for the site last year.

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Maple Close Business Park, Richmond, Sells For $20 Million

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Real Estate News - Victoria
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Thursday, 15 July 2010 00:33

LOCAL developers are believed to have paid about $20 million for an inner-city business park near the riverfront suburb border of Richmond and South Yarra.

Sources say prominent Richmond investors Michael Gannon and Gus Cooper have purchased the Maple Close complex, at 650 Church Street, from another private investor.

Currently configured as six low-rise buildings with a combined net lettable area of 6600 square metres, the complex is considered under-developed by today’s standards – especially seeing it has four street frontages.

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Salta Buys Residential Development Site in Congested Inner-City Precinct

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Real Estate News - Victoria
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Tuesday, 13 July 2010 23:49

IN PEAK hour, in a car and behind the crammed trams – the retail strip that is Victoria Street, where Richmond meets Abbotsford can be one of the most congested roads in Melbourne to drive through.

And traffic is expected to move a bit slower in coming years, as more residents move to Victoria Street, in complexes being developed on the former Going Going Gone site, the Honeywell office site, and another property opposite the Victoria Gardens Shopping Centre, on the south-west corner of Burnley Street.

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Richmond's Fields Knitting Mills Factory to be Redeveloped into $60 Million Apartment Complex

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Real Estate News - Victoria
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Tuesday, 18 May 2010 00:34

RICHMOND’s former Fields Knitting Mills factory, in Lord Street, Melbourne, is set to be redeveloped into a $60 million, six-level apartment complex.

Developer W Property Group said 85 per cent of the 88 units available in the Cirque complex have sold – enough to satisfy the bank’s tight funding requirements, and get construction started by July.

Oliver Hume Real Estate marketing agent Cameron Clarke said the oversized apartment shells were a contributing factor to Cirque’s success.

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Lease at Frank Costa's Richmond Office to An Ex AFL President

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Real Estate News - Victoria
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Thursday, 06 May 2010 02:47

Frank CostaKEEPING it in the AFL family, a company chaired by former Melbourne Football Club president Paul Gardner has leased offices at a Richmond project being developed by the current president of the Geelong Football Club, Frank Costa.

Financial services group Grey Australia New Zealand, of which Mr Gardner is an executive, will lease 940 square metres, being the entire second level, at Mr Costa’s 4 – 12 Amsterdam Street development, at the Cremorne end of the trendy inner-city suburb.

Market rents at the new three-storey building are between $300 and $320 per square metre, per annum.

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Salta to Start Construction at Derelict Richmond Corner at Last

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Real Estate News - Victoria
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Monday, 15 February 2010 08:30

CONSTRUCTION of a new apartment tower at the busy intersection of Burnley and Victoria streets, in Richmond, is set to start this year, after developer Salta achieved enough apartment pre-sales to get its $100 million aplacetolive project out of the ground.

Marketing of Sienna, the second of four apartment building within the aplacetolive project, is now underway. Almost all of the 88 units in the first building, Jade, have sold.

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New 11-Storey and Eight-Storey Apartment Earmarked For Outgoing Dimmeys Richmond Site

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Real Estate News - Victoria
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Friday, 22 January 2010 19:50


Dimmeys RichmondPLANS to redevelop Richmond's outgoing Dimmeys store into two apartment buildings, rising eight and 11 stories, have been critised by locals.

The new proposal, which replaces one last year whereby just a nine level building would be developed on the site, has been lodged by Richmond Icon, a development company associated with Melbourne's wealthy Liberman family.

Richmond Icon paid Dimmeys $16 million for the outgoing site in 2008.


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ISPT Makes $16.75 Million From Sale of Richmond Office

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Real Estate News - Victoria
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Thursday, 12 November 2009 08:07

INDUSTRY Superannuation Property Trust has made $16.75 million from the sale of a prominent office building in Melbourne's inner eastern suburb of Richmond.

The building at Lot 1, 658 Church Street sits on a 7,064 square metre site, and was sold with a permit for a 20,000 square metre office.

The office was purchased by a consortium headed by Bill Boerkamp, according to today's AFR.

 

Prominent Site Opposite Victoria Gardens, Richmond, to be Developed at Last

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Real Estate News - Victoria
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Monday, 09 November 2009 07:58

SALTA Properties is looking to develop one of the several properties it owns around the busy corner of Victoria and Burnley streets, at the suburb border of Richmond and Abbotsford.
 
The Yarra City Council has granted Salta approval to build a $100 million apartment and townhouse project between 10 – 30 Burnley Street Richmond, and opposite the Burnley Street entrance of the Victoria Gardens Shopping Centre, which Salta owns with Centro Properties Group.
 
The aplacetolive.com.au development will include 355 apartments across a suite of individual buildings with distinct identities: Jade at 10 Burnley Street, Ruby at 20 Burnley Street, Ivory at 28 Burnley Street and Sienna at 30 Burnley Street. 

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Swan Street Office Showroom with Development Potential Sells

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Real Estate News - Victoria
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Saturday, 28 July 2007 23:00

An undisclosed private investor has paid $3.1 million for a showroom and office building with redevelopment potential in Swan Street Richmond.

Last Updated on Wednesday, 31 October 2007 09:36
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