Department of Climate Change Leases Major Canberra Office
THE Department of Climate Change and Energy Efficiency has leased a 21,000 square metre office in Canberra, paying a whopping annual rent of between $420 and $450 per square metre.
The government employers will work from picturesque space adjacent to Lake Burley Griffin, at a $550 million development being built by the Molonglo Group on the site of the former Hotel Acton.
The government body’s headquarters will be known as the New Acton Nishi office.
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A SURVEY by commercial real estate agency PRDnationwide (owned by Colliers International) has found Sydney is the “most overpriced property market” in the country, followed by Brisbane.
THE Federal Government’s contentious plan to build record amounts of commission flats and social housing around your streets, and without proper community consultation – seems to finally have caught the attention of the wider community.
SURF giant Billabong has paid $10.6 million for the former Cult Industries building at Burleigh Heads on the Gold Coast.
PRICEWATERHOUSECoopers – which recently went against the grain by leasing an office building just out of the Melbourne CBD as its headquarters – may be looking to do the same in Sydney.
ANOTHER historic factory on the CBD fringe is set to make way for an apartment tower, after being listed for sale with a permit.
THE FREEWAY apex where commuters decide to access the Melbourne CBD via Flemington Road (north), or Citylink (south) – could see the construction of a new landmark this year.
A PROMINENT near-new hotel opposite the Royal Brighton Yacht Club has hit the market with a price tag of $25.8 million.
AUSTRALIAN Unity is understood to have made about $20 million from the sale of its Footscray Plaza complex, at a busy intersection, in the burgeoning western suburb.
MELBOURNE born retailer The Reject Shop has issued a major leasing requirement to prospective landlords, in an attempt to further expand its national network.
THE home that AFL footballer Brendan Fevola’s mobile phone may have been reportedly left, before a controversial picture of model Lara Bingle was circulated, has hit the market.
THE CONTENTIOUS planning policy that eastern suburb-based actor Geoffrey Rush warned in 2004 “would fundamentally alter the tone and character of Melbourne in a way that I don’t believe people are quite aware of” has finally claimed the eastern suburb’s most prized development site.
LA Trobe University has offloaded its asbestos-riddelled Argus newspaper building for $15 million, after spending $34 million trying to get a project off the ground.
BOVIS Lend Lease is starting construction of a $363 million redevelopment of the Melbourne Park sports stadium.
THE State Government of Victoria is formalising a plan to redevelop one of central Melbourne’s largest undeveloped sites, at the riverfront junction the CBD merges with Southbank and Docklands.
PACIFIC BRANDS has offloaded a prominent development site it planned to owner occupier in Melbourne’s north.
THEY build “love-it-or-hate-it” apartment complexes in some of Melbourne’s best streets.
CONSTRUCTION of the controversial $300 million Melbourne Wholesale Fruit, Vegetable and Flower Market is one step closer to starting, after Bovis Lend Lease anounced it signed the final contract today.
DEVELOPER Morry Schwartz has sold a residential development site he couldn’t get developed, at the top end of the Melbourne CBD.
AS reported in The Age last year, CBUS Property has confirmed it is the mystery buyer of a half share interest in Melbourne’s 171 Collins Street development.
THE FORMER “thoroughbred country” of Melton is a step closer to becoming part of metropolitan Melbourne, with the council formalising a major planning strategy affecting 2400 hectares of vacant land – effectively creating two new suburbs and allowing for the area’s population to more than double within 15 years.
WHILE attention in Geelong’s this week has circled the ‘approved-by-stealth’ public-private housing redevelopment of the city’s former TAFE site, another high profile property – given the green light last year to become one of the federal government’s 80,000 social and affordable new dwellings – failed to sell at auction.
SEVERAL major office lease deals have been signed in St Kilda Road, in what is hoped will bring down vacancy from dangerous new highs recorded earlier this year.
IT was a concept last popular a century ago in then-working-class suburbs like Richmond and Fitzroy, but now it looks like shop-top living is making a big return.
IF you told a Valuer ten years ago that land values around a rundown former hospital 17 kilometers north of Melbourne could fetch $430 per square metre, they’d have probably laughed.
DAINTY Consolidated Entertainment has chosen boutique space formerly occupied by the Australian Racing Museum, to host the local leg of the ABBAWorld tour from June.
DEVELOPER Hudson Conway is speculated to be paying about $22 million for a prominent St Kilda Road development site opposite Wesley College, capable of accommodating several high rise apartment towers.
DEC, the India-based development company whose star-studded Australian launch last year saw Planning Minister Justin Madden skip one of his six November parliamentary sittings, has started construction of a luxury apartment complex, next door to South Yarra’s distinctive Beverley Hills building.
ORIGIN Energy has sold a portfolio of five Victorian retail properties for $10.05 million.
VICTORIAN Planning Minister Justin Madden is “expected to face a grilling” at this month’s parliamentary inquiry into corruption in the planning system.
YARRAWONGA’s prominent Pigdon Motors site may be redeveloped into a relatively major shopping centre with a speculated end value of about $20 million.
ANOTHER sportsman is turning his hand to a property development, this time in Brighton.
LOCK the date into your diary: 2015 should see the demolition of one of the CBD’s more prominent eyesores.
HAVING reported a strong six-month profit of $51.5 million last week, Flight Centre Limited has confirmed it will hold onto a St Kilda Road office it purchased at the peak of the commercial property boom in 2007, and then renovated.
THE VICTORIAN Government has appointed Australand as the preferred builder for one of the state’s largest public and private housing developments.
AFTER a decade of debate, the Minister for Planning Justin Madden has gone against the local council and approved a major development, at a prominent junction in Melbourne’s south-east suburb of Clayton.