Australian Real Estate News
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
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EXCLUSIVE Premiership footballer Dustin Martin (pictured, top, as part of a Bonds Living campaign), with his manager Ralph Carr, have found a tenant to occupy a recently acquired co-owned commercial investment, in Melbourne’s inner north east Abbotsford. The mixed-use building at 367 Victoria Street (pictured, below) was only offered for rent in June following a
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CHT Architects director David Carabott has launched a leasing campaign for an eight storey office, set to replace an Abbotsford warehouse once occupied by Rove McManus’ Roving Enterprises. Craftworks, as it will be known, will rise at 20-30 Mollison Street, at the north east corner of tree-lined Nicholson Street, about three kilometres from the CBD.
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EXCLUSIVE United Petroleum co-founder Eddie Hirsch has engaged JLL as sole leasing agent for a proposed uber-green office in Abbotsford, about four kilometres north-east of the Melbourne CBD. The 10-storey building (artist’s impression, top) permitted for 218-228 Hoddle Street, on the north-east corner of Stafford Street, will contain 7000 square metres of lettable area and
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EXCLUSIVE Five months after paying the Australian Education Union Victorian division $21 million for one of Abbotsford’s highest character buildings, the Zagame family is looking for occupiers. The c1927 red brick warehouse converted office at 112-124 Trenerry Crescent is available as a whole (4252 square metres) or on a floor-by-floor basis (with areas ranging in
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Forza Capital is paying Carlton & United Breweries $12 million for a multi-level car park near the banks of the Yarra River, in Abbotsford. The 3880 square metre holding covering 33 Flockhart Street and 38 Grosvenor Street was offered by the brewer with a leaseback. CUB pays annual rent of $789,937 for the property, which
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Golfer Craig Parry has sold a large waterfront home in Sydney’s Abbotsford for just under $10 million. The price sets a record for the suburb, about 10 kilometres west of the CBD. Coincidentally, the Abbotsford Parade property is next door to the mansion which previously held the title of the suburb’s priciest deal since selling
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A consortium of Australian-Chinese investors including Yuan Tao, a former executive with developer Poly Australia, has paid $17.3 million for an industrial asset in Melbourne’s Abbotsford. The 4616 square metre Industrial 1 zoned site at 30-36 Grosvenor Street, about three kilometres north-east of the CBD, is mooted to make way for an apartment project in
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The Zagame family has paid $21 million for a prime Mixed Use zoned development site on the banks of the Yarra River in Melbourne’s inner north-east. The 4735 square metre holding at 112-124 Trenerry Crescent, Abbotsford (pictured, top), was listed by the Australian Education Union’s Victorian division in October. Overlooking Dights Falls to the east,
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Joseph Chahin’s Peregrine Projects has sold the Carlton Brewhouse for a speculated price of over $10 million. The land holding – spreading 2291 square metres – offers enormous development upside. It includes a 1035 sqm single-storey building, built in 1997, and an open-air car park. Leased until December 2019 to Carlton & United Breweries, whose
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Co-investors, property developers Michael Lasky’s Lascorp Group and the Herzog family, have sold adjoining assets on the banks of the Yarra River in Abbotsford for $37.3 million. A Chinese investor is acquiring the holding, 45 and 50 Grosvenor Street (pictured, top), on a 5 per cent passing yield. The investment includes a fully refurbished and
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Service station owners Avi Silver and Eddie Hirsch have sold an Abbotsford office built into a former shoe factory. The asset, 198-210 Hoddle Street, was expected to sell for around $10 million following an expressions of interest campaign which agency Teska Carson closed nine days ago. It is speculated to be selling for more than
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Carlton & United Breweries may be watching with interest what becomes of two sale campaigns launched last week for iconic properties near its enormous Abbotsford plant. At 11-17 South Audley Street, the Carlton Brewhouse (pictured, top) is being offered two years after selling to a local developer for $6.5 million. The distinctive part-bluestone brick building,
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THE Victorian Branch of the Australian Education Union, presided by Mary Bluett, may need to rely on fee revenue from government educators to pay off a spectacularly located office building it has purchased on the banks of the Yarra River in Abbotsford – next door to its current HQ.
The AEU’s off-market acquisition comes three years after the Association of Independent Schools of Victoria paid about $6 million for a massive art-deco office complex in Rosslyn Street, West Melbourne, and some two years since the National Union of Workers paid almost $7 million for a Bourke Street, Docklands head office.
The AEU is headquartered at a large building at 112 Trenerry Crescent, and rents out surplus office space. That building could be extended, and the site has redevelopment potential, sources say.
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IT WILL be the end of another era in Abbotsford when apartment builders redevelop the property known for more than a century as the St Joseph’s Technical School.
The prominent site at 73 – 103 Nicholson Street, at the intersection of Mollison and Little Charles streets, has sold for more than $9 million to a developer.
Operating between 1893 and 1990 under the auspice of the Christian Brothers, and more recently as a campus for Steiner school Sofia Mundi, the 4800 square metre inner-city site was offloaded by the Roman Catholic Trust Corporation for the Diocese of Melbourne.
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YET to be replaced Federal Minister for Finance and Deregulation Lindsay Tanner may be moving out the marginal Melbourne electorate he quit last month, but a plunder of new residents are waiting to call the area home. A construction crew is currently demolishing the historic Harold Boot Company factory at the south-west corner of Nicholson
Read moreANOTHER former commercial building in Abbotsford is being converted into a major residential project.
The former Harold Boot Company factory, at the corner of Gipps and Nicholson streets, is being redeveloped by Common Equity Housing Limited, and the Office of Housing, into a $25 million, five-storey, 59-unit complex.
Twenty five apartments – representing just over 40 per cent of the overall project – will be set aside as public housing, part of the Federal Government’s plan to build 80,000 social and affordable dwellings nationally by 2012.
Read moreABBOTSFORD’s prominent green Terminus Hotel has sold to an owner occupier for a price speculated to be about $5.5 million.
The pub, often touted as being in Richmond because it sits at the suburb border (Victoria Street) was sold by Jones Lang LaSalle’s Mathew George in an off-market campaign.
The Terminus is the latest in a string of pubs to be put up for sale recently.
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THE development consortium which bought three low-rise offices on the banks of the Yarra River, is forging ahead with plans to demolish two of the buildings, and replace the space with a $200 million residential village.
Developers Hamton and Industry Superannuation Property Trust have started marketing apartments at 677 – 679 Victoria Street, opposite the Victoria Gardens shopping centre in Abbotsford, at the suburb border of Kew and Hawthorn.
The developers are reported to have paid Becton about $30 million for the office complex late last year, outmuscling traditional property investors sniffing the market out at the time for good bargains.
Read moreUNINVITING inner-city retail strip Victoria Street, at the suburb border of Abbotsford and the precinct known as North Richmond has attracted a second major retail tenant.
Woolworths this week confirmed a 20-year, 4,000 square metre retail lease at Hive, a $50 million shopping centre and residential project, being developed on a 5,000 square metre site on the north-west corner of Nicholson Street.
Woolworths will join rival Aldi, a large pharmacy, and 22 specialty retailers at Hive, which is due to open in February.