realestatesource

EXCLUSIVE Charlie Buxton’s Cadence Property Group has purchased the recently vacated Spotswood Animal Quarantine Station for $14 million. The 3.8 hectare site at 43 Craig Street was occupied by the federal government’s Australian Quarantine and Inspection Service from the 1950s until eight months ago when operations were relocated to a 144ha Mickleham facility, in Melbourne’s

V/Line has signed a major lease deal in Melbourne’s west Ravenhall. The 2500 square metre facility with a warehouse and double storey office will accommodate staff working on two projects including the Regional Rail Revival. CBRE’s Tom Murphy, Ricardo Cappelletti and Fergus Pragnell marketed 5A Westwood Drive. The property is the second western suburb depot

Telstra has traded land at the back of its Lyndhurst Exchange in Melbourne’s Hampton Park. The deal while small – $460,000 – came in well over guide (c$425,000). GrayJohnson’s Rory White and Matt Hoath listed the 1122 square metre battle-axe shaped site at 104 Robjant Street in May. The telco offered it with concept plans

EXCLUSIVE Nine months after purchasing online activewear retailer Stylerunner, which entered voluntary administration three weeks earlier, ASX-listed Accent Group has leased for it a prominent corner shop in ritzy Armadale. The 221 square metre premises, 1152-1154 High Street, is owned by a company controlled by members of Melbourne’s Cohen family. Forming part of the ground

Telstra has sold a multi-building data centre in Clayton with a leaseback to Centuria Industrial REIT (CIP). The $416.7 million deal is expected to settle by the end of the month. At that stage, a 30 year rental agreement will kick in. In 2050, Telstra will be presented with the first of two 10 year

Salta Properties has pre-committed an arm of Fenner Dunlop, the world’s biggest manufacturer of conveyor belting for mining and industrial applications, to a Dandenong South warehouse. Belle Banne Conveyor Service’s facility, within the Nexus Industrial Estate on Portlink Drive will include a double storey 438 square metre office. Attached to that will be a 6560

A Singaporean investor who sees Collingwood as likely to take off in the short and medium term has spent $13 million for a Commercial 1 zoned site to land bank. The 1538 square metre holding is also one of the suburb’s more prominent; its eastern edge facing busy Hoddle Street. Known, however, as 106-120 Gipps

EXCLUSIVE Frasers Property Industrial has pre-committed power tools and garden products giant Ozito as the first tenant for its Rubix Connect business park in Dandenong South. The landlord only acquired the 41.3 hectare site making way for the industrial estate last April – outlaying $80 million. At 875 Taylors Road, it is one of the

Serco Australia has rented the Essendon Fields office vacated last year by The Good Guys, which is now based at Southgate after merging with JB Hi Fi. The sub-let deal will see out the former tenant’s head lease, set to expire in 2023. The landlords, Beck Corporation and Linfox, announced the British labour hire company

Two historic buildings in central Northcote – consolidated by interests associated with former Melbourne Football Club player Clint Bartram and permitted for a mixed-use but predominantly residential project – are being offered by the mortgagee. The 1050 square metre Commercial 1 zoned site stretching from High Street to Balgonie Place is expected to sell for

A year after it acquired the former Wantirna Heights School, in Melbourne’s east, Oz Property Group this week won unanimous councillor support to replace it with 51 townhouses. At 56 Kingloch Parade, on the south west corner of Greenlow Avenue, the 1.25 hectare block cost the developer $9.71 million. The property was rezoned for residential

The Royal Automobile Club of Victoria has paid the founders of Nationwide Towing & Transport $15 million for Collingwood’s Melbourne Impound Yard. The pair have a relationship – in 2017 the motor club acquiring a 51 per cent stake in the towing business. However, that agreement didn’t include some of the real estate occupied by