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News Office Retail Victoria 

Trophy Queenscliff marina for sale

January 13, 2023January 15, 2023 Marc Pallisco

A consortium including ex-Nufarm director Doug Rathbone has listed the 12 year old Queenscliff Harbour. Covering approximately 4.8 hectares of

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News Victoria 

Coburg Hill Shopping Centre sells for $21.3m

June 9, 2020June 10, 2020 Marc Pallisco

APN Property Group has sold a Woolworths anchored retail investment in Melbourne’s north for $21.3 million. Coburg Hill Shopping Centre,

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News Victoria 

David Jones selling historic Bourke Street Mall menswear store for $121m

May 28, 2020July 28, 2020 Marc Pallisco

Newmark Capital is paying $121 million for the prominent David Jones menswear store in Melbourne’s Bourke Street Mall. The deal,

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News Victoria 

Telstra lists central Box Hill exchange block again

April 8, 2020April 8, 2020 Marc Pallisco

Telstra has listed land behind a Box Hill telephone exchange after a reported $7.05 million sale in January, 2018, fell

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News Victoria 

David Jones’ 299 Bourke Street close to sale

April 2, 2020December 8, 2021 Marc Pallisco

David Jones is close to selling its landmark Bourke Street Mall menswear store in the Melbourne CBD. The $121 million

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News Victoria 

CostaFox pays $28 million for Southbank’s historic Tea House

March 5, 2020March 7, 2020 Marc Pallisco

CostaFox is paying $28 million for one of Melbourne’s most distinctive commercial properties – The Tea House, at 28 Clarendon

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News Victoria 

Strata owners band, list Abbotsford office with rooftop Skipping Girl sign

February 13, 2020February 13, 2020 Marc Pallisco

The four storey strata titled Abbotsford office upon which the iconic Skipping Girl neon sign was built in 1970 is

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News Victoria 

Bunnings trades four month old Clyde North outlet for $42.3m

January 20, 2020May 15, 2022 Marc Pallisco

EXCLUSIVE Bunnings has found a buyer for a four month old outlet in Melbourne’s outer south east. The hardware retailer

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News Victoria 

Developers outlay $28.6 million on two ex-Melbourne government schools

January 14, 2020April 1, 2020 Marc Pallisco

Two former government schools in Melbourne’s south east have sold to developers in separate deals this month. In what may

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News Victoria 

Ocean Sky International buys Mount Waverley office for $21.83 million

January 9, 2020January 9, 2020 Marc Pallisco

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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News Victoria 

University of Melbourne pays Australian Red Cross c$46 million for Carlton offices

December 18, 2019December 18, 2019 Marc Pallisco

The University of Melbourne outbid 17 groups – a mix including private and institutional heavyweights – to acquire two neighbouring

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News Victoria 

Pace Development Group sells near-complete Collingwood office for $31.6 million

December 4, 2019December 5, 2019 Marc Pallisco

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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News Victoria 

Brendan Sullivan pays $17.8 million for mostly vacant inner south Melbourne office built by and for Lindsay Fox

November 6, 2019January 30, 2020 Marc Pallisco

Private investor Brendan Sullivan has purchased his second office in four months. At 1 Bowen Crescent in Melbourne, which is

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News Victoria 

Hengyi lists historic former CUB HQ in Abbotsford

November 1, 2019November 2, 2019 Marc Pallisco

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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News Victoria 

Roosters chairman Nick Politis buys Hawthorn East commercial building for $11.2 million

October 25, 2019October 26, 2019 Marc Pallisco

High profile car dealer Nick Politis, also the chairman of NRL team Sydney Roosters, acquired an eastern Melbourne commercial building

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News Victoria 

Australian Red Cross offers c$40 million former Carlton HQ

October 24, 2019October 24, 2019 Marc Pallisco

The Australian Red Cross (ARC) is following through on a national property divestment program – this time listing two adjoining

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News Victoria 

Orion more than doubles outlay with $52 million Swann House deal

October 15, 2019October 15, 2019 Marc Pallisco

Orion International Group has sold the historic Swann House office in the Melbourne CBD for $52 million. The sale price

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News Victoria 

Zagame Corporation pays $55 million for Hawthorn office to create battle-axe shaped super-site

October 4, 2019October 10, 2019 Marc Pallisco

Robert and Victor Zagame Junior – who run the hospitality empire established in 1971 by their late father, Victor Zagame

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News Victoria 

Pace Development Group to sell new Collingwood office

September 30, 2019 Marc Pallisco

Pace Development Group is continuing to reweight its portfolio, this week listing for sale an office still under construction in

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News Victoria 

Lechte family’s former Francis Hotel – now Club Retro – back on the market

September 19, 2019September 20, 2019 Marc Pallisco

A historic Art Deco building owned for 63 years until 2011 by members of the wealthy Lechte family is for

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News Victoria 

Hong Kong family pays Salta Properties c$30 million for Dulux HQ in Clayton

September 4, 2019September 10, 2019 Marc Pallisco

A Hong Kong based family has made its first foray into the Australian commercial property market, paying Salta Properties about

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News Victoria 

CBD Development Group sells East Bentleigh’s former Target store for $9.6 million

August 9, 2019August 9, 2019 Marc Pallisco

EXCLUSIVE CBD Development Group – renowned nowadays for its major apartment projects – has sold a prominent East Bentleigh retail

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News Victoria 

Chaolong Developments pays c$145 million for Glen Waverley’s Century City Walk and Novotel

July 25, 2019July 23, 2020 Marc Pallisco

Chaolong Developments is paying about $145 million for Glen Waverley’s 200-room Novotel and neighbouring Century City Walk shopping centre. Chaolong

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News Victoria 

Jowett Motor Group set for $40 million-plus payday with listing of prominent Collingwood car dealership

July 23, 2019July 24, 2019 Marc Pallisco

Jowett Motor Group can expect more than $40 million from the sale of one of Melbourne’s highest profile car dealerships.

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News Victoria 

Orion International Group lists Melbourne CBD office with development upside

July 16, 2019September 19, 2019 Marc Pallisco

Orion International Group is selling its Melbourne CBD headquarters. The developer acquired Swann House at 22 William Street for $21.6

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News Victoria 

Hong Kong’s Mars Family Holdings spends another $70 million in St Kilda Road: reports

June 14, 2019June 14, 2019 Marc Pallisco

Six weeks after Hong Kong investor Mars Family Holdings paid $98 million for an office at 420 St Kilda Road,

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News Victoria 

Salta Properties’ Dulux House expected to trade for c$25 million

May 31, 2019May 31, 2019 Marc Pallisco

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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News Victoria 

Nicole Chow sells Leukaemia Foundation HQ in North Melbourne

May 31, 2019May 31, 2019 Marc Pallisco

Nicole Chow’s UAG Group has sold a strata titled medical centre, part of a high-end mixed-use complex with apartments known

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News Victoria 

Buildcorp Commercial directors Scott McVilley and Ross Clarke sell Canterbury office for $11 million

May 15, 2019June 22, 2019 Marc Pallisco

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 Victoria 

Shark Fin House building in Melbourne’s Chinatown sells for $14.5 million

May 9, 2019May 13, 2019 Marc Pallisco

The freehold of a popular restaurant in Melbourne’s Chinatown has sold for $14.5 million off-market. The four-storey building at 131-135

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News Victoria 

Brendan Sullivan selling East Melbourne office for c$42 million

April 13, 2019April 13, 2019 Marc Pallisco

Private investor Brendan Sullivan is understood to be banking about $42 million from the sale of an East Melbourne office

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News Victoria 

Coburg North Village sells for second time in three years

April 12, 2019February 10, 2021 Marc Pallisco

A near-new Coles-anchored retail complex in Melbourne’s north is selling for the second time in less than three years. Coburg

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News Victoria 

Hengyi pays $17.5m for waterfront hospital

March 25, 2019February 11, 2021 Marc Pallisco

Shanghai-backed developer Hengyi is paying Peninsula Health a speculated $17.5 million for a vacant hospital on a waterfront site in

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News Victoria 

Consortium pays $17.3m for Ikea warehouse in Abbotsford

February 26, 2019February 27, 2019 Marc Pallisco

A consortium of Australian-Chinese investors including Yuan Tao, a former executive with developer Poly Australia, has paid $17.3 million for

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News Tasmania 

Hobart Officeworks sells to China-based investor for $11.725 million

December 14, 2018 Marc Pallisco

A Hobart CBD retail investment, occupied by Officeworks, has sold for $11.725 million to a buyer from mainland China. Based

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News Victoria 

Pellicano and Camlen Property Group sell unbuilt Ringwood office for $28.3 million

December 13, 2018 Marc Pallisco

Pellicano and Camlen Property Group have sold an office investment they are yet to build in Ringwood. A Macau-based private

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News Victoria 

Oliver Hume flips historic West Melbourne warehouse permit-ready for a residential conversion

November 12, 2018November 14, 2018 Marc Pallisco

Oliver Hume is flipping a historic West Melbourne warehouse permit-ready for a residential conversion. The fund and real estate services

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News Victoria 

Woolworths set for $50 million payday offloading Mernda Town Centre

November 9, 2018April 29, 2020 Marc Pallisco

Postscript: this site sold to Land Capital in January, 2019, for $51.5 million. Woolworths Limited is selling a strategic development

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News Victoria 

State government lists former Mt Eliza hospital – again

November 6, 2018June 21, 2019 Marc Pallisco

Postscript: this asset sold. Read our story about it from March, 2019, here. Victoria’s Department of Health and Human Services

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News Victoria 

Beville Group sells 509 St Kilda Road for $163 million

November 6, 2018 Marc Pallisco

Developer and shopping centre owner John Beville has sold a Melbourne city fringe office for $163 million – almost twice

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News Victoria 

Probuild founder Phil Mehrten sells former Prahran Post Office for $13.4 million

October 23, 2018October 23, 2018 Marc Pallisco

Businessman Phil Mehrten (pictured bottom, right) has sold another Melbourne commercial property. The former Prahran Post Office, which is now

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News Victoria 

Defence department lists Melbourne’s largest remaining urban infill site

October 18, 2018November 20, 2021 Marc Pallisco

The Department of Defence has listed Melbourne’s largest remaining urban infill development site. As we covered in this item, in

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News Victoria 

Lascorp Group and Herzog family offload Abbotsford investment for $37.3 million

October 16, 2018 Marc Pallisco

Co-investors, property developers Michael Lasky’s Lascorp Group and the Herzog family, have sold adjoining assets on the banks of the

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News Victoria 

Box Hill deals worth a total of c$55 million made this week

October 5, 2018October 23, 2018 Marc Pallisco

Three prime properties in the Box Hill area found buyers this week, in deals speculated to be worth a total

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News Victoria 

Hanksy family selling Burwood One – the site of Australia’s first K-Mart

September 21, 2018September 27, 2018 Marc Pallisco

An enormous shopping centre valued upon listing at about $200 million is under offer on the day the marketing agents

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News Victoria 

Qanstruct sells unique office built into a church

September 14, 2018September 18, 2018 Marc Pallisco

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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News Victoria 

Harold Mitchell sells South Melbourne office Emerald House for $49 million

September 12, 2018September 13, 2018 Marc Pallisco

Retired advertising veteran Harold Mitchell has sold a premium-grade South Melbourne office for $49 million – nearly 10 per cent

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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 

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 

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 

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 

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 

Singapore’s Chen family sells Melbourne’s Mordialloc Plaza for $41m

May 31, 2018August 13, 2018 Marc Pallisco

Singapore’s Chen family has sold a major seaside shopping centre after owning it 30 years. In central Mordialloc, 24 kilometres

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News 

Trophy clifftop estate, Pelican, sells for speculated $12m+

August 11, 2017August 13, 2017 Marc Pallisco

After eight months on the market and a $1 million-plus discount, Mt Eliza’s spectacularly located Pelican estate has sold for

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