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

Pace Development Group is selling a strata-titled retail investment forming part of its St Crispin’s House apartment project, in Melbourne’s inner city Abbotsford. The 250 square metre property is rented to Blackhearts and Sparrow at a current annual rate of $100,000 ex-GST. With a guide price of close to $2 million, Pace is seeking a

Pace Development Group is banking $31.6 million from the sale of a compact office investment it is completing the construction of, in Melbourne’s inner north east Collingwood. The 11-level, 3082 square metre building at 51 Langridge Street found favour with a private investor in his 70s who grew up in the area and has just

Pace Development Group is continuing to reweight its portfolio, this week listing for sale an office still under construction in Melbourne’s inner-north east Collingwood. The 11-storey investment at 51 Langridge Street is expected to sell for about $30 million. The offering comes two weeks after we reported that Pace acquired a Hawthorn East office development

Pace Development Group has acquired its second Melbourne development site in two months. The Hawthorn East holding at 9 Montrose Street (pictured, top) is costing the developer $4,062,500. Currently a 460 square metre commercial building, occupied by Crossfit Gym, which pays annual rent of $75,000 – the 478 sqm parcel was marketed with a permit

An enormous Fitzroy block – zoned Commercial 1 and with three street frontages – has found its way into the hands of a local builder, speculated to be Pace Development Group. Gross Waddell marketed the 2434 square metre plot (pictured above and below) as the suburb’s best super-site. It is understood to be selling for

A multi-fronted shop on a busy Brunswick corner opposite Franco Cozzo’s outgoing furniture store sold at auction today for $5.02 million – a staggering $2.22 million over reserve. Eight groups made a total of more than 100 bids for 462-464 Sydney Road. The 757 square metre Commercial 1 zoned site at the south east corner

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

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,

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

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 –

Coles Group has offloaded two pieces of the Boronia Mall, in Melbourne’s east. One investor is paying a price speculated to be $35 million for the neighbouring, strata-titled assets: A 2942 square metre supermarket tenanted to Coles until 2031, and A 7182 sqm outlet rented to Kmart until 2025. The investments return a total annual rent

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

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

EXCLUSIVE A former Blockbuster outlet next door to Box Hill’s first major skyscraper sold at auction this month for $13 million. It was the first time 925 Whitehorse Road has been offered for purchase in over 40 years. When the vendor acquired the site, near the busy corner of Station Street and opposite Box Hill

RESCOM Group has sold its high-profile South Melbourne headquarters for $8,088,000. RESCOM’s mortgage business has occupied the three-level, 1369 square metre office at 100 Park Street for more than 20 years. The office sits on a 595 sqm plot zoned mixed-use – and was therefore targeted to developers. A local investor, however, secured the property

After years of planning hurdles and changes, the mixed-use redevelopment of the 135-year old Moonee Valley Racecourse is happening. The Moonee Ponds project, about six kilometres north-west of the Melbourne CBD, has been branded Moonee Valley Park. Upon completion in up to 15 years, about half of the 40 hectare Moonee Valley Racecourse site will