rural Victoria Archives - realestatesource

INGENIA Communities, formerly controlled by Dutch investment giant ING and from earlier this month, a separate ASX listed company, has sold the Lovely Banks Gardens near Geelong.

The 65-unit village Corio village sold conditional on a rezoning which would allow for a residential redevelopment. A Victorian developer is said to be purchasing the site near Lindsay Fox’s Avalon Airport.

In 2010, Ingenia ruled the “poor performing” asset as “non core” to its portfolio. It will pump funds from the sale into other developments, conversions and acquisition opportunities it is hoped will earn a return-on-investment of some 20 per cent.

National

Qatari Government Buys More Rural Australian Property

June 19, 2011 Marc Pallisco Agriculture, FIRB, Overseas Investment, provincial Victoria, rural Victoria

HASSAD – the agricultural arm of the Qatari government – is in negotiations to buy five properties in western Victoria, in a deal reportedly worth $45 million.

The portfolio will bring the value of Australian assets purchased by the overseas group in the past twelve months to over $100 million.

Hassad is said to be considering purchasing another major property in NSW from one of the Victorian vendors.

Victoria

Shepparton Hotel Burns Down

December 4, 2007 Marc Pallisco Real Estate News, rural Victoria, Shepparton Hotel Burns Down, victoria

The historic Shepparton Hotel is set for a date with a bulldozer, after a major fire burned through it over the weekend.