Pace Development Group sells strata retail investment in Abbotsford’s St Crispin House

Pace Development Group has sold a strata retail investment on the ground floor of its recently completed St Crispin apartment complex in Abbotsford. The 250 square metre space, 249 Johnston Street, traded for $2.11 million to a South Australian. Leased to bottle shop Blackhearts and Sparrows for 10 years with fixed annual rises, the result

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Former Carlton hotel sells for $6.8 million as development play

Interests associated with burgeoning builder Ausgroup Property and Development have paid $6.8 million for a corner hotel turned mixed use investment in Melbourne’s inner north Carlton. The deal is the first and only one struck along the suburb’s Lygon Street retail strip last year. Colliers International’s Daniel Wolman, Oliver Hay and Dave Walker, with MMJ

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Pask Group paying c$22 million for RANZCOG’s East Melbourne HQ

EXCLUSIVE The Royal Australian and New Zealand College of Obstetricians and Gynaecologists (RANZCOG) is selling its East Melbourne headquarters to Queensland developer Pask Group. College House, at 254-260 Albert Street, is trading for about $22 million. Opposite Fitzroy Gardens, the RANZCOG site includes a double-storey residence-converted-office, constructed in 1873 – which can’t be razed. However,

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Winning Group pre-commits to ISPT’s Portlink Logistics Estate in Altona North

Industry Superannuation Property Trust has pre-committed Sydney-based retailer Winning Group – which owns popular website appliancesonline.com.au – to what will be a purpose-built warehouse and distribution centre, in Melbourne’s west. Winning Group intends to move into the 45,000 square metre Altona North facility in 2021. It’s initial lease term is 10 years. The development will

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Sector Property Group to bring inner-city glam to one of Huntingdale’s largest commercial sites

Sector Property Group has snapped up one of Huntingdale’s biggest commercial sites with plans to create a premium quality office and warehouse complex, which will be subdivided and offered for sale or lease. The first pieces of the former Acoustic Engineering Services (AES) headquarters at 26-28 Hargreaves Street – two large and high-quality warehouses –

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ICD Property to build 35-storey tower as part of $400 million Central Market Arcade redevelopment

City of Adelaide has appointed ICD Property as partner for the $400 million Central Market Arcade redevelopment. Council held a two year long global expressions of interest campaign before appointing the Melbourne-based builder. The Adelaide CBD project will include a 35-storey tower with retail and residential components. Two office buildings, of 13 and 16 levels,

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Development Victoria shortlists four companies for $290 million Revitalising Central Dandenong urban renewal project

The Andrews government has short-listed four companies to joint venture with for the $290 million Revitalising Central Dandenong urban renewal project, about 35 kilometres south east of the Melbourne CBD. They are: Capital Alliance Group; Brady Group; MAB Corporation, and Quintessential Equity. These parties will now prepare a Request for Proposal document and submit it

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RANZCOG offers $20 million-plus East Melbourne HQ as development play

The Royal Australian and New Zealand College of Obstetricians and Gynaecologists (RANZCOG) is selling its East Melbourne headquarters, opposite Fitzroy Gardens. The two storey structure, built in 1873 at 254-160 Albert Street,is expected to sell for more than $20 million. RANZCOG acquired the property in 1982. Next door, Freemasons Victoria and Mirvac recently teamed to

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