realestatesource

Incore Developments is paying $6.42 million for a double storey South Melbourne office with plans for another, six times taller. The 903 square metre Capital City 1 zoned property, 67-69 Buckhurst Street, was purchased from the owners of Stowe Australia, a business which occupied it for 16 years. The electrical contractor recently relocated to a

LOGOS has released construction shots of News Corp Australia’s Truganina printing press – five months after it was reported to have broken ground. The media group confirmed it committed to the 1.1 hectare facility 22 kilometres west of Melbourne last September. The initial lease term is 10 years. It is from this property its Herald

Restaurateur Jamie McBride has leased a studio office atop of his Gilson eatery for a private function room. The contemporary 83 square metre area, 1/171 Domain Road, South Yarra, includes a balcony overlooking Melbourne’s Royal Botanic Gardens. Self-contained, with hydronic heating, and split system air conditioning – the starting annual rent is $50,000. Gorman Commercial’s

Australian Select Timbers has leased a new warehouse at Salta Properties’ 177-hectare Nexus Industrial Estate in Dandenong South. The 6975 square metre building, inclusive of a 545 sqm office, is known as 136 Atlas Boulevard and sits at the edge of a holding with a larger factory, being marketed as 85 Portlink Drive. Colliers International’s

Local developer Goldfields Group is purchasing a 1.1 acre mixed-use development site near St Kilda Junction. The former Montefiore Home for the Aged facility at the south west corner of Punt Road and Raleigh Street, Windsor, is understood to be trading for about $35 million. It was offered in June by Jewish Care Victoria, which

Epson has rented a standalone Hawthorn East office as its local base. The 630 square metre double storey building at 90 Camberwell Road was only recently renovated by owner Forza Capital. Colliers International’s Ash Dean and John Howell with JLL’s Josh Tebb, Tim Sugar and Mario Nobrega marketed the floors for lease separately – both

Reece has pre-committed to a 4.7 hectare industrial facility at and owned by Melbourne Airport. The plumbing and bathroom group intends to occupy the 11,670 square metre factory by August, consolidating a number of distribution centres in the city’s north. The proposed property would be the latest within the 410 hectare Melbourne Airport Business Park,

A Chinese builder has spent $6.22 million on a farm in Melbourne’s north west Sunbury. The 7.28 hectare property, 60 Redstone Hill Road, was offered with a plan for a 103 (large) lot subdivision. Only 5.1ha is developable. It is beside Villawood’s Redstone housing estate, which is master-planned with 2000 dwellings. In coming years, two

Henley Properties is paying a speculated $8 million for a low density housing block in Melbourne’s Officer. The 4.1 hectare tract, 110 Bayview Road, was offered by Gold Coast’s Potter Group, directed by John Potter who founded Citie Centre Limited which later merged with Villa World. It is permit-ready for a 51-lot subdivision; parcels ranging

Deka Immobilien is outlaying $440 million on an A-grade Melbourne CBD office. The 22-storey, 38,000 square metre building at 452 Flinders Street is costing the German investor 11 per cent over the June 30 book value. Vendor, Dexus Wholesale Property Fund, paid $194m in 2011, later undertaking a refurbishment. Developed in 1994, it is fully

Gatsby Living has leased a maiden showroom at Preston’s Northland Homemaker Centre. The new retailer has signed a seven year deal for the 1120 square metre unit formerly occupied by Barbecues Galore. Leedwell Property’s Chris Parry, Tom Perkins and Nick Segran said the agreement was negotiated during Victoria’s stage four lockdown. A number of businesses