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Month: August 2018

News Victoria 

Victorian Liberal Party to sell HQ of 42 years

August 31, 2018September 5, 2018 Marc Pallisco

The Victorian division of the Liberal Party is readying to sell its Melbourne CBD headquarters. According to well-placed sources, the

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News Victoria 

Lucky family banks $12.8 million selling two Melbourne CBD investments

August 31, 2018August 31, 2018 Marc Pallisco

A lucky family has banked a total of $12.8 million from the sale of two Melbourne CBD assets this month.

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News Victoria 

Vacant office in Melbourne’s Canterbury sells for c$7 million

August 31, 2018September 8, 2018 Marc Pallisco

A vacant office building in Melbourne’s blue-ribbon eastern suburb of Canterbury has sold for a speculated price of about $7

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News Victoria 

Family offloads row of Box Hill shops held for more than 40 years

August 31, 2018September 3, 2018 Marc Pallisco

A row of shops in Melbourne’s Box Hill, owned by the same family for more than 40 years, sold yesterday.

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News Queensland 

QIC to sell a $2 billion-plus portfolio of properties on Australia’s east coast

August 30, 2018August 30, 2018 Marc Pallisco

Queensland Investment Corporation is preparing to offer a portfolio of assets worth more than $2 billion on Australia’s east coast.

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News Victoria 

Hotel St Regis signs up to Melbourne’s $800-million Flinders Bank development

August 29, 2018August 29, 2018 Marc Pallisco

World renowned luxury inn St Regis Hotels and Resorts, which is owned by Marriott International, will open its first Australian

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News Victoria 

West Melbourne office fetches c$22 million

August 29, 2018August 29, 2018 Marc Pallisco

An inner-city Melbourne office designed by the late and bold architect Ermin Smrekar, is understood to be selling for a

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News Victoria 

Goulburn Valley Intensive Farms sells for $10.6 million with vacant possession

August 29, 2018August 29, 2018 Marc Pallisco

Two broiler farms, covering 147 hectares of land in central Victoria have sold for $10.62 million. The Goulburn Valley Intensive

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News Victoria 

Vision Australia banks an enormous profit with c$35m sale of Melbourne HQ

August 29, 2018August 29, 2018 Marc Pallisco

Vision Australia has sold an inner-Melbourne office for a speculated price of about $30 million to $35 million – a

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News Victoria 

Armadale store recently vacated by celebrity occupants, re-rented

August 29, 2018August 29, 2018 Marc Pallisco

The Armadale shop where former footballer Chris Judd and his wife, television presenter, Rebecca (pictured, top), opened their first Jaggad

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News Victoria 

Steller retains St Kilda’s former Greyhound Hotel site

August 29, 2018August 29, 2018 Marc Pallisco

Developer Steller will retain a controversial St Kilda block it listed for sale last month. The site of the former

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News Victoria 

Two iconic Abbotsford buildings for sale targeting developers

August 29, 2018August 29, 2018 Marc Pallisco

Carlton & United Breweries may be watching with interest what becomes of two sale campaigns launched last week for iconic

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News Victoria 

EG Funds Management secures Brisbane CBD office for $46.2 million

August 28, 2018 Marc Pallisco

EG Funds Management is paying $46.2 million for an office in Brisbane’s legal precinct. The CBD asset at 95 North

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News Victoria 

Singaporean developer snares prime corner in Melbourne’s Preston

August 28, 2018September 3, 2018 Marc Pallisco

A Singaporean developer has swooped on a commercial asset at one of Melbourne’s busiest intersections which was marketed permit-ready for

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News 

WeWork on track to become Manhattan’s biggest office tenant

August 28, 2018August 28, 2018 Marc Pallisco

The boom in co-work office accommodation is not exclusive to Australia. According to research from global real estate agency Cushman

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News Queensland 

Crown Development Group pays $35m for Computershare’s former Brisbane office

August 28, 2018 Marc Pallisco

Crown Development Group has paid $35 million for a 1.25 hectare development site in Brisbane’s inner west. The acquisition of

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News Victoria 

Myer family sells suburban Melbourne asset for $25.5 million

August 27, 2018September 20, 2018 Marc Pallisco

Postscript: this property was reported as sold by The Australian on September 20, 2018. The incoming owner, a first-time investor

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News Victoria 

Ahmed Fahour to retain Invergowrie

August 25, 2018July 9, 2021 Marc Pallisco

Ahmed Fahour – who was until recently Australia’s highest paid public servant – has withdrawn Hawthorn’s landmark Invergowrie from sale.

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News Victoria 

Paul Little teams with property owner to redevelop prime Melbourne site – again

August 24, 2018September 16, 2021 Marc Pallisco

What do you do when you’re a new and thriving property developer unimpressed with the selection of Melbourne building blocks

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News Victoria 

Mariana Hardwick leases historic Victorian building in South Melbourne

August 24, 2018August 27, 2018 Marc Pallisco

Renowned bridal wear designer Mariana Hardwick has leased a prominent and historic corner building in South Melbourne which she will

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News Victoria 

LYZ Property Group to flip enormous Hawthorn development site

August 24, 2018September 25, 2018 Marc Pallisco

LYZ Property Group is flipping a large corner block in Hawthorn – one of Melbourne’s blue ribbon suburbs. The 2593

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News Victoria 

Melbourne medical centre sells for $12.5 million on tight yield

August 24, 2018August 24, 2018 Marc Pallisco

A medical centre on an enormous corner block with significant future development upside has sold in Melbourne’s Caroline Springs. The

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News Victoria 

Loyal Orange Institution of Victoria to sell $15 million-plus Box Hill South holding

August 23, 2018August 23, 2018 Marc Pallisco

The Loyal Orange Institution of Victoria – a society established in 1843 and composed of Protestants who support and defend

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News Queensland Victoria 

Downer EDI Limited rents two AMP Capital offices on Australia’s east coast

August 23, 2018July 25, 2019 Marc Pallisco

Downer EDI Limited is proving to be a valuable tenant for AMP Capital. The infrastructure, mining and rail giant has

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News Victoria 

Australian Unity sells investment-grade Melbourne industrial asset after two years

August 23, 2018August 23, 2018 Marc Pallisco

Another investment grade industrial asset is selling in Melbourne. The three hectare site at 1651-1657 Centre Road, Springvale, returns just

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News Victoria 

Lew family sells Mt Eliza clifftop

August 22, 2018February 16, 2021 Marc Pallisco

Jacqueline Lew, the daughter of Premier Investments chairman Solomon, has sold a Mount Eliza property at the centre of a

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News Victoria 

St Kilda Road office expected to sell for $160 million – a record price for the precinct

August 26, 2018August 27, 2018 Marc Pallisco

An office on Melbourne’s fringe has hit the market with price expectations of $160 million – almost double the $84

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News Victoria 

Retail assets east and west of Melbourne listed for sale this week

August 26, 2018 Marc Pallisco

Two major retail investments east and west of the Melbourne CBD have hit the market. In Narre Warren, an heir

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New South Wales News 

Sydney ShopSmart Outlet Centre in Mt Druitt sells for $24.8 million

August 20, 2018August 24, 2018 Marc Pallisco

A major retail investment in Mt Druitt, 43 kilometres west of the Sydney CBD, has sold for $24.8 million to

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News Queensland 

JD Sports signs the largest Brisbane CBD retail lease “in a few years”

August 20, 2018August 20, 2018 Marc Pallisco

Manchester-based retailer JD Sports has swooped on a prominent Brisbane CBD space until recently occupied by Topshop and Topman. The

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News Victoria 

St Kilda Road apartment asking $45 million – a record Melbourne high

August 20, 2018August 20, 2018 Marc Pallisco

A penthouse atop a proposed 15-level apartment building, earmarked for a spectacular site at 409 St Kilda Road, has been

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News Victoria 

TV show producers lodge plans to replace St Kilda’s Oslo Hotel with five family-home-sized terraces

August 20, 2018July 16, 2019 Marc Pallisco

WHERE IS THE BLOCK HEADED IN 2020? READ OUR STORY ABOUT THE SITE ACQUIRED FOR THE NEXT SEASON, HERE. Producers

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News Victoria 

Golden Age Group spending more than $30 million on Rockbank, Melbourne, development site

August 20, 2018August 20, 2018 Marc Pallisco

Two months after snapping up a Sydney hotel site, it has been revealed Golden Age Group, led by Jeff Xu,

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News Victoria 

Elsternwick childcare centre sells for $11.3 million

August 17, 2018August 21, 2018 Marc Pallisco

A China-based investor has paid $11.3 million for a childcare centre in Elsternwick – the highest priced sale for a

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News Victoria 

BPM sells unbuilt Melbourne CBD hotel for $91.3 million

August 21, 2018August 21, 2018 Marc Pallisco

Developer BPM, headed by Jonothan Hallinan, a BRW Rich List “Young Gun” in 2016, has sold a Melbourne hotel for

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News Victoria 

Shakespeare Property Group paying $100 million for the Sunshine Coast’s Novotel Twin Waters Resort

August 21, 2018 Marc Pallisco

The Novotel Twin Waters Resort, on Queensland’s Sunshine Coast, is selling to Melbourne-based Shakespeare Property Group for a speculated price

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News Victoria 

MAB Corporation buys adjoining Melbourne warehouses to replace with an office building

August 17, 2018August 17, 2018 Marc Pallisco

MAB Corporation has paid more than $7 million for a development site in inner-east Melbourne. The builder, established and owned

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News Victoria 

Woolworths leases what will be the largest supermarket in Melbourne’s uber-dense Southbank

August 16, 2018August 20, 2018 Marc Pallisco

Woolworths will lease what will be the largest supermarket in  Melbourne’s Southbank precinct – within the $2.8 billion Melbourne Square

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News Victoria 

Logistics occupiers behind 25,000 square metres of recent Melbourne industrial lease deals

August 16, 2018August 16, 2018 Marc Pallisco

Logistics occupants are continuing to drive Melbourne’s industrial leasing market – with three major deals agreed in recent months. West

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News Victoria 

Australia’s tallest building one step closer with Beulah International selecting a winning design for its inner-Melbourne site

August 15, 2018April 24, 2020 Marc Pallisco

Postscript: this development received council approval in April, 2020. Australia could soon have a new tallest building – a residential

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New South Wales News Queensland Victoria 

Dexus paying $188 million for three industrial sites on Australia’s east coast

August 15, 2018August 20, 2018 Marc Pallisco

Dexus is paying $188 million for three industrial development sites on Australia’s east coast. The biggest property by area, in

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News Victoria 

Strategic South Melbourne office sells for $14 million – a 53 per cent rise in two years

August 14, 2018August 18, 2018 Marc Pallisco

The private investor who contested 21 bidders at a public auction to snare a then-vacant, low-rise South Melbourne office building

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News Victoria 

Victorian government sells former Reservoir high school to industrial owner occupier for $12m

August 14, 2018August 14, 2018 Marc Pallisco

Victoria’s state government has sold a major industrial development site in Melbourne’s north. The former William Ruthven Secondary College at

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News Victoria 

Pink Palace to be replaced

August 13, 2018February 10, 2021 Marc Pallisco

Brothel Pink Palace has closed after more than 30 years. The double-storey South Melbourne building it occupied (pictured, top) at

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News Western Australia 

Perth commercial building sells off-market to Malaysian investor for $12.35m

August 13, 2018August 13, 2018 Marc Pallisco

A Malaysian investor is buying a double-storey, mixed-use asset with redevelopment potential in Perth’s ritzy south-west. Following an off-market deal,

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News Queensland 

German supermarket giant Kaufland speculated to be buying former Queensland Bunnings warehouse for $19.7 million

August 13, 2018August 13, 2018 Marc Pallisco

Global supermarket giant Kaufland appears to be continuing to snare prominent Australian sites – this time in Burleigh Heads on

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News Victoria 

Frasers Property Australia buying unbuilt Melbourne industrial asset from Vaughan Constructions

August 13, 2018August 13, 2018 Marc Pallisco

Vaughan Constructions has sold an unbuilt industrial investment in the western Melbourne suburb of Truganina to Frasers Property Australia. Reportedly

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News Victoria 

High profile vendors bank $33.3 million from Melbourne supermarket sales

August 10, 2018August 13, 2018 Marc Pallisco

High profile investors have offloaded two Woolworths-leased supermarkets in Melbourne for a total of $33.29 million. In the largest deal,

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News Victoria 

Victorian government lists $90 million-plus portfolio as part of plan to improve housing affordability, choice

August 9, 2018March 21, 2019 Marc Pallisco

A portfolio of six development sites, speculated to be worth in excess of $90 million, has been listed for sale

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News Victoria 

Subdivide and conquer strategy on track to net Melbourne syndicate c$15m profit

August 3, 2018July 7, 2019 Marc Pallisco

A syndicate is on track for a multi-million dollar windfall after spending the last three years subdividing one of Melbourne’s

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News Victoria 

Caneva family to sell Windsor pub now known as Lucky Coq, after 47 years

August 9, 2018August 13, 2018 Marc Pallisco

The Caneva hospitality family has listed a Melbourne pub it has owned for 47 years. The “institution” at 179 Chapel

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News Victoria 

Historic Cheltenham Protestant hall selling following campaign targeting apartment developers

August 9, 2018August 13, 2018 Marc Pallisco

Melbourne businessman, developer Mark Economos, is selling a historic property in Cheltenham, permit-ready for an eight-level apartment complex which an

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News Victoria 

Hyatt Centric leases undeveloped South Yarra hotel

August 8, 2018May 19, 2019 Marc Pallisco

Prestige guest house Hyatt Centric plans to open its second Melbourne hotel, in South Yarra. The innkeeper has leased all

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News Victoria 

“Globally recognised” redevelopment planned following sale of Richmond properties by Reject Shop co-founder Ron Hall

August 7, 2018May 19, 2019 Marc Pallisco

Ron Hall, the founder of retail outfits The Reject Shop and Going Going Gone, has sold two neighbouring properties in

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News Victoria 

Jenkins family banks $100m from apple orchard

August 6, 2018February 4, 2021 Marc Pallisco

The Jenkins farming family has sold a Wantirna South apple orchard to developers for close to $100 million. The 14.96

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News Victoria 

“Biggest changes” to the Residential Tenancies Act set to become a Victorian election issue, again

August 6, 2018August 13, 2018 Marc Pallisco

  Australian Labor Party reforms to the Residential Tenancies Act, some which were mooted before a recent bi-election of an

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News Western Australia 

Famous Taj on Swan block appears to have found a buyer, less than a week after it passed in at auction

August 4, 2018August 13, 2018 Marc Pallisco

The Perth property which until recently accommodated an incomplete, distinctive mansion which became dubbed around the world as the Taj

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News Victoria 

Orion International Group and Box Hill Institute propose 29-storey building

August 3, 2018August 13, 2018 Marc Pallisco

Orion International Group has signed an agreement with Box Hill Institute to replace an open-air car park with a mixed-use

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News Victoria 

Final piece of Ansett Estate selling for $33m

August 3, 2018January 5, 2023 Marc Pallisco

Charles ‘Chas’ Jacobsen is purchasing the significant last piece of Sir Reginald Ansett’s Mt Eliza estate. The retirement village owner

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News Victoria 

South Melbourne portfolio, including famous ex-music studio, fetching speculated c$45m

August 2, 2018August 13, 2018 Marc Pallisco

  A portfolio of three South Melbourne development sites including the famous former Bill Armstrong Recording Studios, which was used

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