Carsales founders bank $60.25m from office
A syndicate including carsales.com.au founders Greg Roebuck and Wal Pisciotta has sold a Mount Waverley office to the $6.7 billion
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Minogue family divest Hawthorn office
The Minogue family is banking close to $20 million for a Hawthorn office acquired mid-construction in 2007. The price for
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TE Capital doubles money on CFA HQ
TE Capital Partners has nearly doubled its money selling an East Burwood office after four years. The Country Fire Authority
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Powerbroker lists Laconia House
Helloworld Travel director, former Liberal government treasurer Andrew Burnes, is selling South Melbourne’s historic Laconia Woollen Mills, nowadays known as
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Minogue family list Hawthorn office
The Minogue family is selling an A-grade Hawthorn office acquired during construction in 2007. At 108-110 Church Street, the asset
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Care Park lists nine investments with leasebacks
Care Park has listed nine parking lots – just under 10 per cent of its portfolio – to acquire more
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Dandenong Family Court sold
The Dandenong Family Court has finally sold – for $12 million. The three storey property at 53-55 Robinson Street hit
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Magic Car Wash founder sells two investments
Magic Car Wash founder Claude Roda has sold two investments with a leaseback. In the priciest deal, 1021 Burwood Highway,
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Family Court of Australia in Dandenong for sale again
The Family Court of Australia in Dandenong is for sale again. The investment, 53-55 Robinson Street, hit the market in
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AVARI Capital Partners pays $38.5 million for West Melbourne’s Sands and McDougall building
One of three West Melbourne properties until recently earmarked to form part of a mixed-use office and hotel complex has
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West Melbourne hotel off the cards as developers sell project for a fraction of expectation
A trio of Melbourne businessman have shelved plans to build a hotel at the Melbourne CBD’s north west tip following
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CostaFox pays $28 million for Southbank’s historic Tea House
CostaFox is paying $28 million for one of Melbourne’s most distinctive commercial properties – The Tea House, at 28 Clarendon
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Strata owners band, list Abbotsford office with rooftop Skipping Girl sign
The four storey strata titled Abbotsford office upon which the iconic Skipping Girl neon sign was built in 1970 is
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Ocean Sky International buys Mount Waverley office for $21.83 million
Singapore’s listed Ocean Sky International is paying $21.83 million for a fully-let, four-storey office in Melbourne’s Mount Waverley. The deal
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Pace Development Group sells near-complete Collingwood office for $31.6 million
Pace Development Group is banking $31.6 million from the sale of a compact office investment it is completing the construction
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Hengyi lists historic former CUB HQ in Abbotsford
EXCLUSIVE Chinese developer Hengyi is offering for sale the curved warehouse-converted-office in Abbotsford which was until recently the headquarters of
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Roosters chairman Nick Politis buys Hawthorn East commercial building for $11.2 million
High profile car dealer Nick Politis, also the chairman of NRL team Sydney Roosters, acquired an eastern Melbourne commercial building
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Zagame Corporation pays $55 million for Hawthorn office to create battle-axe shaped super-site
Robert and Victor Zagame Junior – who run the hospitality empire established in 1971 by their late father, Victor Zagame
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Pace Development Group to sell new Collingwood office
Pace Development Group is continuing to reweight its portfolio, this week listing for sale an office still under construction in
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Hong Kong family pays Salta Properties c$30 million for Dulux HQ in Clayton
A Hong Kong based family has made its first foray into the Australian commercial property market, paying Salta Properties about
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Salta Properties’ Dulux House expected to trade for c$25 million
Salta Properties has listed an investment-grade suburban Melbourne office. In Clayton, about 19 kilometres south-east of the CBD, Dulux House
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Buildcorp Commercial directors Scott McVilley and Ross Clarke sell Canterbury office for $11 million
Buildcorp Commercial managing director Scott McVilley and its development boss, Ross Clarke, have sold a contemporary suburban Melbourne office for
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News Corp Australia sells Leader HQ in Melbourne’s Blackburn for $30.2 million
Vantage Property Investments has paid $30.2 million for the Blackburn headquarters of Melbourne’s Leader newspaper group. News Corp Australia reported
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Qanstruct sells unique office built into a church
Design and construction company Qanstruct has sold one of the country’s most unusual offices to a Chinese buyer. The former
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Family offloads row of Box Hill shops held for more than 40 years
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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Myer family sells suburban Melbourne asset for $25.5 million
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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Historic Cheltenham Protestant hall selling following campaign targeting apartment developers
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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Vasey RSL Care Sells Hawthorn Hostel For $7 Million
VASEY RSL Care has reaped almost $7 million from the sale of a disused hostel on a massive block of land in one of Hawthorn’s more revered streets.
The 3560 square metre block at 20 Lisson Grove not far from the Yarra River and Richmond border is understood to have sold to a residential developer, but this could not be confirmed with Kliger Wood selling agents Nick Breheny or Eugene Wood.
Not far away on the corner of Lisson Grove and Glenferrie Road, the former Hawthorn Receptions Centre hit the market earlier this month with price expectations of about $8.5 million.
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Residential Developer Buys Camberwell Site Until Recently Earmarked to Become Offices
A PROMINENT Camberwell development site opposite the suburb’s Town Hall and until recently earmarked to become a $50 million office building, has sold for $7.7 million to residential developer, Trenerry Property Group.
The site at 347 Camberwell Road, north-west of the busy Camberwell Junction, sold with a permit for a four-level, 8277 square metre office.
However given the recent success apartment projects in the area recently, including Aerial at the Camberwell Junction, the vendor, local developer CGA Bryson, was pursuing another permit for a residential based project with just 1000 square metres of office space, and 112 flats.
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CR Kennedy Site, South Yarra, Relisted For Sale
ONE of last year’s biggest development site sales has fallen through forcing the asset to be relisted for sale this week.
The South Yarra property at 661 – 669 Chapel Street is one of the last undeveloped sites within a former industrial precinct known as Forrest Hill that is being rebuilt by various builders as a new village with residential and office skyscrapers.
Occupied and still owned by photographic distributor CR Kennedy, the 3537 square metre site was reported to have sold for $25 million last December to design practice Metier3, which had just offloaded its interest in a Docklands office worth $240 million. It was expected Metier3 would exploit the South Yarra site’s 65 metre frontage to Chapel Street with an apartment-based village.
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