Australian Real Estate News
Mirvac is acquiring as a development play the 2.9 hectare Willoughby site occupied by Nine Entertainment Limited. The holding was offered last April by Lotus Property Fund and Hong Kong based Euro Properties, shortly after approval was granted for a residential redevelopment with 460 dwellings (artist’s impression, top). At the time, the 24 Artarmon Road
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Mirvac Group (MGR) is paying $200 million for part of the former Melbourne Convention Centre site at 7-23 Spencer Street, between Sidderley Street and the Yarra River, at the city’s south west tip. In a deal announced on Christmas Eve, MGR said it had earmarked a 430-dwelling build-to-rent project for part of the land. A
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Mirvac has flagged a Brunswick site for its second Melbourne build-to-rent project. The developer last month settled on the acquisition of a 7063 square metre factory at 397-401 Albert Street (pictured, top) – a property it was first connected to buying in early 2017. Mirvac has also snapped up an adjoining low rise home on
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Mirvac today announced it completed construction of its $454 million luxury apartment complex, The Eastbourne, which replaced Dallas Brooks Hall, in East Melbourne. The 14-storey project opposite Fitzroy Gardens is a joint venture with the site owner, Freemasons Victoria. The Eastbourne made headlines when more than $300 million in off-the-plan apartment sales took place within
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EXCLUSIVE Law firm Kalus Kenny Intelex has leased new headquarters at a low-rise Southbank office with unobstructed views of the Yarra River and Melbourne CBD. The boutique firm has rented 930 square metres, being level one of 4 Riverside Quay – an investment held by Mirvac. The space recently underwent a swank fit-out by Canopy
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Mirvac chief executive officer and managing director Susan Lloyd-Hurwitz (pictured, top) will take over from Rod Fehring as the Green Building Council of Australia chair. Mr Fehring, Frasers Property Australia’s chief executive officer, held the GBCA position for two years. The appointment comes five years after Ms Lloyd-Hurwitz joined the GBCA board. “The GBCA has
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Mirvac will develop a 1700-lot housing estate on a Boral quarry which spreads across two suburbs, Wantirna South and Scoresby, about 29 kilometres east of the Melbourne CBD. It is the second deal the Sydney-based developer has struck with the building and construction materials giant: last May, Mirvac signed a land arrangement agreement with Boral
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Mirvac Group is buying a controversial proposed Melbourne apartment tower from PDG Corporation – provided it can substantially up the density. The listed property giant is paying $333.5 million for a yet to be constructed 38-storey complex at the Queen Victoria Market, which it hopes to configure with 490 build-to-rent apartments. PDG would develop the
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Joint venture partners Blackstone and Mirvac will build two industrial investments to launch the 25-hectare Biodiversity Business Park which Vaughan Constructions is developing, in Epping, about 36 kilometres north of Melbourne. Vaughan Constructions will begin constructing the two facilities early next year. The largest will occupy a five hectare plot and contain 30,000 square metres
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Mirvac is paying $122 million for a Melbourne CBD office it plans to replace with something four times bigger. The seven-level B-grade building containing 10,200 square metres of lettable area at 383 La Trobe Street is leased to the Australian Federal Police on a short term. Mirvac intends to build a new A-grade office measuring
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Property developers Anthony and Marina Darling have sold their 1920s Toorak mansion Mowbray for $40 million – setting a new price record for Victoria. The off-market deal for 18 St Georges Road, said to be to an Asia-based buyer, was speculated last month but without a street number. It has now been confirmed the vendors are
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SYDNEY-based developer Mirvac is building a giant freeway wall which will block Melburnian’s travelling on the Monash Freeway from seeing one of the south-eastern suburb’s most familiar eyesores.
As part of its Waverley Park stadium townhouse redevelopment, which is nearing completion, Mirvac is required to build a freeway wall to mitigate traffic nose for new residents.
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FOR the moment, residents in Southbank’s most exclusive skyscrapers can relax knowing their million dollar city views are preserved.
Sydney-based property giant Mirvac has signed tour enterprise STA Travel to a nine-year lease at a low rise office within a riverfront compound at Riverside Quay.
The Mirvac offices are on blue ribbon parcels of land abutting the Yarra River. At the moment the buildings are limited by a height restriction, however several long standing zonings have been removed, in the pro-development era that has ensued since the problematic Melbourne 2030 policy.
Inevitable high rise redevelopment of these Mirvac sites down the track will block postcard views currently enjoyed by residents at Eureka, Freshwater Place and other skyscrapers nearby.
Read moreFREMANTLE Surf Lifesaving Club and Sydney-based developer Mirvac have signed a $4.1 million agreement to build a new facility on Port Beach Road. A 2200 square metre building will be replaced with a 2800 square metre facility with a gym, three training rooms and stage. Mirvac is contributing $2.5 million to the redevelopment. The 75
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SYDNEY-based developer Mirvac will launch its sixth Docklands skyscraper, Yarra Point, in October.
Mirvac will adopt a design strategy used at its Tower 5 complex nearby, and the Melburnian, in St Kilda Road, by targeting top-end buyers with a high quality product.
This is reflected in the sale price, where one-bedroom flats are expected to be priced from $500,000.
The distinctive $200 million tower, 31-level tower will include 201 apartments in one, two and three bedroom configurations.
Yarra Point will include a rooftop garden, communal barbecue facilities and a gym atop a fifth level podium.
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MIRVAC was one of many land owners celebrating the State Government’s decision last month to substantially extend Melbourne’s Urban Growth Boundary.
The announcement paves the way for Mirvac, with Malaysia based joint venture partner Jayaland, to develop its largest master planned Victorian community in the western suburb of Rockbank, near Melton, about 28 kilometres from town.
Mirvac chief executive officer Victoria John Carfi said the company was delighted with the government’s decision, and that it will now work with the Growth Areas Authority and the Melton City Council to work through a new planning process.
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SYDNEY-based developer Mirvac will launch its sixth Docklands skyscraper, Yarra Point, in October.
Mirvac will adopt a design strategy used at its Tower 5 complex nearby, and the Melburnian, in St Kilda Road, by targeting top-end buyers with a high quality product.
This is reflected in the sale price, where one-bedroom flats are expected to be priced from $500,000.
The distinctive $200 million tower, 31-level tower will include 201 apartments in one, two and three bedroom configurations.
Yarra Point will include a rooftop garden, communal barbecue facilities and a gym atop a fifth level podium.
At its entrance, Mirvac’s new tower will include a double-storey lobby with mature trees, a garden of succulent plantings and bluestone pavings that extends into the building from the adjacent, one-hectare Point Park.
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WARRNAMBOOL based developer Graeme Schultz can expect to make about $12 million from the sale of a 75-room resort on Victoria’s Great Ocean Road.
The Sebel Deep Blue resort at Warrnambool, about 270 kilometres west of the CBD, will be sold with a lease to Mirvac Hotels.
The 4.5 star resort includes a restaurant, bath house, therapy pool, swimming pool, private bathing rooms and function rooms catering for up to 300 people.
Read moreTWO years after Mirvac paid Brickworks Limited a staggering $100 million for its Austral Bricks site, in Melbourne’s south-east, the Sydney-based developer is ready to start marketing the first homes.
Mirvac Victoria CEO John Carfi says the first blocks at the site, known as 525 Stud Road, in Scoresby, should be put to the market in October.
The Austral Bricks site spreads 56 hectares, and spills into the neighbouring suburb of Wantirna South.
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MIRVAC Group has made $29.5 million from the sale of its Chester Square shopping centre in Sydney’s west.
The Chester Hill sale follows that last month of the Moonee Beach Shopping Centre, on the NSW north coast to the listed Gowing Brothers for $12.5 million.
The company has also sold its Kwinana Hub shopping centre in Perth for $25 million.
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