Real Estate Source

EXCLUSIVE Eight Melbourne investment properties offered by a consortium of three families, including the mother and uncle of prominent criminal lawyer, Robert Richter QC, sold this week. In total they bought in $25.311 million. Today, Vinci Carbone’s Stephen Speck, Frank Vinci and Joseph Carbone sealed deals for two blocks of villa units: In Glenroy, 24

Developer Martin Strode is selling the strata-titled supermarket on the ground floor of an apartment complex which has replaced 1910s art nouveau-style theatre The Star Lyric. The director of SMA Projects can expect more than $10 million from the disposal, according to sources. With 1402 square metres of retail space and 49 car parks, the

The former Linley Clinic Private Hospital in Melbourne’s leafy Canterbury has sold for a speculated price of just under $6 million. The medical centre at 25 Bryson Street last traded in November 2017 for $6.5 million. Teska Carson marketing agents Adrian Boutsakis and Michael Ludski described the opportunity succinctly in their advertisements: a rare substantial

After failing in his bid at the May election to live at Canberra’s The Lodge, unionist turned politician Bill Shorten (pictured, top, with his second wife Chloe, and children) has spent $3 million on a house in Melbourne’s inner north west Travancore – a pocket within Ascot Vale. Interestingly, it is in the same street

Stockland has teamed with Mt Atkinson Holdings – led by a consortium of Melbourne businessmen – to create a $2 billion commercial park, set to be the largest industrial project in that city’s west. It is hoped the 260 hectare site, 25 kilometres from the CBD, in Truganina, will also become the city’s largest and

Coles Group has offloaded two pieces of the Boronia Mall, in Melbourne’s east. One investor is paying a price speculated to be $35 million for the neighbouring, strata-titled assets: A 2942 square metre supermarket tenanted to Coles until 2031, and A 7182 sqm outlet rented to Kmart until 2025. The investments return a total annual rent

EXCLUSIVE Charter Hall is paying Viridian Glass $100 million for a major industrial investment in Melbourne’s Dandenong South. The sale and leaseback agreement was struck seven months after Viridian Glass listed its headquarters of more than six decades at 51-95 Greens Road. Covering a 20 hectare industrial zoned plot, the 77,124 square metre facility is

Charter Hall and ID_land have sold the 2.2 hectare site set to way for the Truganina Central Shopping Centre, part of the Elements housing estate which they are co-developing in Melbourne’s mid-west. A local investor has picked up the permit-ready block for $9.6 million. The land is earmarked to become a 7390 square metre retail

Another Steller site now controlled by a mortgagee is for sale – this time in Melbourne’s northern suburb of Preston. The 1.83 hectare block at 22 Wood Street is adjacent to the Northland Shopping Centre, owned by GPT Group and Vicinity Centres. It’s eastern boundary abuts parkland around Darebin Creek – which is also the

EXCLUSIVE Court Services Victoria (CSV) has issued a major leasing requirement to relocate the Victorian Civil and Administrative Tribunal out of 55 King Street. Today, it has invited Requests of Information be submitted for the 20,000 square metre commitment. PwC Australia’s David McDougall, Ross Hamilton and Elizabeth Walsh are representing the state government. The tenancy

Private investor Brendan Sullivan has purchased his second office in four months. At 1 Bowen Crescent in Melbourne, which is defined by the Property Council of Australia as being part of the St Kilda Road commercial precinct (and has a postcode of 3004, which is different to the city), the majority vacant asset is expected

EXCLUSIVE Gay men bar and sex-on-premises venue Club 80 will be forced to relocate or close at the end of its tenancy – after the Collingwood buildings it has occupied for more than 20 years sold to an investor this week, within days of being advertised. The incoming landlord plans to re purpose the holdings

EXCLUSIVE Chinese developer Hengyi is offering for sale the curved warehouse-converted-office in Abbotsford which was until recently the headquarters of Carlton & United Breweries, whose nine hectare plant (which is controlled by Japanese group Ashahi following this year’s $16 billion takeover from AB InBev) is across the road. The Hengyi listing, which would have been

A cleared Richmond block of land, which failed developer Steller won approval to replace with a mixed-use complex containing offices and apartments, was listed for sale this week. The holding (pictured, top) is one of seven being put to the market by administrator McGrathNicol, representing Asian financier OCP which is said to be owed more