Developer swoops on landmark Richmond block
Larry Kestelman has bought the prominent Venus Packaging factory in Richmond – just outside the Cremorne boundary – as an
Read moreLarry Kestelman has bought the prominent Venus Packaging factory in Richmond – just outside the Cremorne boundary – as an
Read moreArrowtex – the country’s largest generic drug supplier – has increased its tenancy at the Industry Lanes office complex, in
Read moreMichael Spektor’s National Retail Group, acting for executives who own, amongst other businesses, Chemist Warehouse, swooped on an undeveloped site
Read moreEXCLUSIVE Bryan Dorman has quietly paid $45.5 million for a Richmond investment next to another he purchased seven years ago.
Read moreNeighbouring Richmond retail investments once owned by Wayne Carey are for sale. The two properties – a Red Rooster and
Read moreMelbourne Indigenous Transition School has outlaid $6.5 million for a Richmond Hill mansion-turned-reception centre. The c1870 Victorian at 364 Church
Read moreEpworth has snapped up a double storey art deco office beside its Richmond hospital’s main entrance. Struck with separate owners
Read moreAFL footballer Dustin Martin and his manager, Ralph Carr, have added a sixth adjoining Butler Street, Richmond, property to their
Read moreMAB Corporation has sold two large strata offices at its Yarraberg Workspaces complex, set to start construction in Richmond. In
Read moreA modern office/showroom investment on the Richmond side of Church Street sold for $12.3 million at auction yesterday. The price
Read moreNeighbouring properties on Brighton Street, Richmond, accrued by late rag trader Geoff Bade, are selling to Little Projects for a
Read moreGoldfields Group has won permission to replace Richmond’s former Matt Blatt showroom with a 12-storey, 198-key hotel. The facility at
Read moreAssociated Retailers Limited’s former inner-city headquarters is for sale with two redevelopment schemes. The half acre site, at the south
Read moreNational Australia Bank has leased a prominent Richmond building occupied five years ago by ANZ. In the gap, Caydon rented
Read moreA Richmond showroom – part of racing car driver Ray Christie’s estate and held by the family for some 70
Read moreFortis is paying Icon Developments $19 million for a Richmond site behind hotel Union House. The arm of Sydney-based Pallas
Read moreAfter quietly snapping up the rundown Richmond Plaza from Coles Group last year, Grocon and Singapore sovereign wealth fund GIC
Read moreEXCLUSIVE Poly Global has upped the size but reduced the height of a proposed commercial complex near Richmond’s Pelaco sign
Read moreA row of three shops in Melbourne’s inner east Richmond, has been snapped up by a Chinese developer for $5.51
Read moreEXCLUSIVE The Pearse family has finally sold a T-shaped super-site of two neighbouring blocks near the busy corner of Church
Read moreOne of Australia’s most experienced television chefs, Elizabeth Chong AM (pictured, right), sold her Richmond townhouse for $1.5 million at
Read moreA production company filming for a Network 10 cooking show, speculated to be Farm to Fork, has leased a 160
Read moreFitness app SWEAT has leased the final office area within Vantage Property Investment’s Building 5, 658 Church Street, Richmond. The
Read moreAnother creative corporate is quitting Cremorne – the inner east Melbourne pocket often described as “Australia’s hottest office market”. Kansas
Read moreUS based global investment management corporation BlackRock is selling an office within a business park in Melbourne’s inner east. Building
Read moreEXCLUSIVE A showroom/warehouse in Richmond’s Swan Street has sold for $10 million following a campaign which attracted six offers. The
Read moreSalta Properties is continuing to landbank office development sites in Melbourne’s inner-east Richmond. This time, it is paying $14.75 million
Read moreA two level showroom in Melbourne’s inner-east Richmond has sold for $4.4 million, well over the initial guide price of
Read moreTwo neighbouring Richmond properties creating a 5433 square metre C-shaped super-site, have hit the market giving prospective joint venture partners
Read moreThe accounting firm directed by property investor Joseph Chahin will move headquarters from the Melbourne CBD to a standalone office
Read moreEXCLUSIVE Sony Music is the latest creative occupier to commit its local headquarters to Melbourne’s Richmond. The media and digital
Read moreEXCLUSIVE Mantra Group has committed to occupy an unbuilt – and unapproved – 11 storey hotel in Melbourne’s inner-east Richmond.
Read moreHarvey Norman has leased a second commercial property in Melbourne’s inner-east Richmond. The retail giant will sub-rent 2100 square metres,
Read moreA South Australian hospitality group seeking to establish in Melbourne has acquired one of the inner-city’s most popular hotels from
Read moreA modern office marketed as a development site in Melbourne’s inner-east Richmond sold at auction last Friday for $5.4 million.
Read moreMelbourne pub DT’s Hotel, in Richmond, sold at auction last Friday for $2.25 million. The historic two-level building at 164
Read moreAn investment with development potential in the precinct described as Melbourne’s Silicon Valley sold at auction yesterday for $8.66 million
Read moreA showroom investment with long-term redevelopment potential in the inner-east Melbourne suburb of Richmond sold at auction today $14.8 million
Read moreRon Hall, the founder of retail outfits The Reject Shop and Going Going Gone, has sold two neighbouring properties in
Read moreThe Australian Property Growth Fund is expected to reap about $30 million, sources say, for a large Richmond office building which is occupied as offices for Solomon-Lew backed retailer Country Road.
Part of a business park at 658 Church Street, near the Yarra River and South Yarra border, the Country Road headquarters is visible to Citylink commuters around Richmond.
Colliers International director Peter Bremner is marketing the Richmond property, a former electrical substation, with Dawkins Occhiuto’s Andrew Dawkins and Walter Occhiuto.
Read moreTHE Yarra City Council has approved the $400 million redevelopment of Channel Nine’s long-time Bendigo Street studios, in Melbourne’s inner east.
LOCAL developer Salta is pushing ahead with plans to build apartments on undeveloped pieces of land immediately surrounding the Victoria Gardens shopping centre, on the Richmond riverfront.
It’s applied to the Yarra City Council to build 405 flats within new complexes between 25 – 35 River Boulevard and at 15 Christine Crescent. The proposed developments would add 480 permanent car spaces and 30 visitor spots to the area, which is not serviced by a train.
Salta acquired the former Melbourne Fire Brigade land where Victoria Gardens was built in stages. With its last major purchase in 2004, it seized control of every corner at the busy intersection of Burnley, Walmer and Victoria streets.
Read moreTHE Victorian Civil and Administrative Tribunal needs more time to decide whether to allow the construction of a 10-level apartment tower atop Richmond’s iconic Dimmeys shopping centre.
After meeting this month VCAT is scheduling another date to debate the 82-unit proposal, which is slightly lower density than a Heritage Victoria endorsed 11-level proposal – rejected by the City of Yarra council in February.
Both HV and council voiced concerns about a previous proposal lodged in early-2010 which would have seen the south-west corner of the 140 – 160 Swan Street site replaced with two apartment towers, the tallest rising 11 levels.
Read moreBEHIND the scenes, Channel Nine has been busy lodging applications to effectively rebuild the quartet of neighbouring terraces that are the subject of heavily marketed TV show The Block, which airs from June 20.
Nine agreed to buy the four rundown single-storey homes at 37-43 Cameron Street for $3.6 million soon after they hit the market last year. Settlement occurred in February, at about the same time new planning applications were lodged (and subsequently approved) by the City of Yarra council.
Eleven months ago, the terraces were offered for sale with an adjoining 446 square metre parcel of land (addressed 31 – 35 Cameron Street) which Nine is currently using to store materials and machinery.
Read moreENTERTAINER Rove McManus has sold his Richmond home for $3.4 million – returning a nifty profit on the $1.9 million he paid in 2003.
McManus, who recently moved to the US and paid $1.2 million for a house in Hollywood, listed the 144-year old Docker Street home for sale earlier this year.
It was advertised to sell for about $3.5 million, and was deemed “on the market” when bidding hit $3.31 million.
Read moreEntertainer Rove McManus is taking advantage of the mismatch between Australian and United States property prices, listing his grand $3.5 million Richmond home for sale – after recently spending $1.2 million on a Los Angeles one.
Howlands, on Docker Street sits on a 383 square metre block and includes four bedrooms, a study, pool and cellar
Neighbours tell Secret Agent the home has quietly been marketed for private sale since earlier this year. However Howlands will now be auctioned via Jellis Craig Richmond.
Read moreINTERESTS associated with Perth based Property Bank Australia and Security Capital Corporation have paid $18.35 million for a 5122 square metre office building in Richmond.
Building 8 of 658 Church Street was offloaded by Colonial First State Global Asset Management. The asset is fully leased to DDB and Optus (trading as Uecomm).
Based on the annual net rent of $1.637 million, the asset sold on a yield of 8.9 per cent.
Read moreLOCAL developers are believed to have paid about $20 million for an inner-city business park near the riverfront suburb border of Richmond and South Yarra.
Sources say prominent Richmond investors Michael Gannon and Gus Cooper have purchased the Maple Close complex, at 650 Church Street, from another private investor.
Currently configured as six low-rise buildings with a combined net lettable area of 6600 square metres, the complex is considered under-developed by today’s standards – especially seeing it has four street frontages.
Read moreIT was rightly marketed as one of Richmond’s last major development sites, when it hit the market in late 1990s.
And now, the one hectare former Jaques industrial facility, occupying an “island site” bound by four streets – is ready to be redeveloped into an apartment based project.
Marketing boards have been erected around the property directing prospective purchasers to a website, where Melbourne Real Estate is accepting registrations of interest for the first dwellings in the new major complex.
Read moreRICHMOND’s former Fields Knitting Mills factory, in Lord Street, Melbourne, is set to be redeveloped into a $60 million, six-level apartment complex.
Developer W Property Group said 85 per cent of the 88 units available in the Cirque complex have sold – enough to satisfy the bank’s tight funding requirements, and get construction started by July.
Oliver Hume Real Estate marketing agent Cameron Clarke said the oversized apartment shells were a contributing factor to Cirque’s success.
Read moreKEEPING it in the AFL family, a company chaired by former Melbourne Football Club president Paul Gardner has leased offices at a Richmond project being developed by the current president of the Geelong Football Club, Frank Costa.
Financial services group Grey Australia New Zealand, of which Mr Gardner is an executive, will lease 940 square metres, being the entire second level, at Mr Costa’s 4 – 12 Amsterdam Street development, at the Cremorne end of the trendy inner-city suburb.
Market rents at the new three-storey building are between $300 and $320 per square metre, per annum.
Read moreCONSTRUCTION of a new apartment tower at the busy intersection of Burnley and Victoria streets, in Richmond, is set to start this year, after developer Salta achieved enough apartment pre-sales to get its $100 million aplacetolive project out of the ground.
Marketing of Sienna, the second of four apartment building within the aplacetolive project, is now underway. Almost all of the 88 units in the first building, Jade, have sold.
Read morePlans to build two apartment towers, of eight and 11 storeys, at Richmond’s outgoing Dimmeys store have unveiled. The proposal
Read moreIt may be the end of an era in Richmond, with Sydney developer Lend Lease believed to be in advanced
Read moreINDUSTRY Superannuation Property Trust has made $16.75 million from the sale of a prominent office building in Melbourne’s inner eastern
Read moreSALTA Properties is looking to develop one of the several properties it owns around the busy corner of Victoria and Burnley streets, at the suburb border of Richmond and Abbotsford.
The Yarra City Council has granted Salta approval to build a $100 million apartment and townhouse project between 10 – 30 Burnley Street Richmond, and opposite the Burnley Street entrance of the Victoria Gardens Shopping Centre, which Salta owns with Centro Properties Group.
The aplacetolive.com.au development will include 355 apartments across a suite of individual buildings with distinct identities: Jade at 10 Burnley Street, Ruby at 20 Burnley Street, Ivory at 28 Burnley Street and Sienna at 30 Burnley Street.
THE Austfin Growth Property Syndicate No 1 is reported to have paid $10 million for the small office component of a mixed use development in Melbourne’s inner-eastern suburb of Richmond.
Austin has picked up level 1 and 2 of the 159 – 161 Cremorne Street building, which also includes ground floor retail space and a high rise apartment complex, above, branded ERA.
The 2,444 square metre office component is leased to New York-headquartered John Wiley & Sons, which pay a current annual rent of $846,241 per annum. Based on the selling price, the building is reported to have sold on a yield of 8.46 per cent.
Read moreRICHMOND’s tallest office building will be developed on a site at the busy onramp between Punt Road and the Monash Freeway.
The Victorian Civil and Administrative Tribunal has given Melbourne-based developer Caydon the green light to build a nine-level office on the site of the former Viva Plastics warehouse, on the north-east corner of Harcourt Parade and Cremorne Street, next to the famous Nylex sign and silos.
Caydon paid $6.15 million for the prominent 3,050 square metre Richmond site last July.
ELITE Sports Properties – sports and marketing managers for identities including Nathan Buckley, Eamon Sullivan and Mark Skaife, have relocated from offices within the Rydges Riverwalk complex on the banks of the Yarra River, to an office closer to the MCG, but also in Richmond.
The company is believed to have leased about 750 square metres of A-grade space at 543 Bridge Road, a new office co-developed by private investor and former Giorgio’s restaurant owner, George Saade.
The Richmond pub still known as “Barassi’s”, despite the ex-footballer and Victorian of the Year Ron Barassi selling it in
Read moreTHE Federal Government has identified a former RAAF base as a possible site for a second Sydney airport.
Transport Minister Anthony Albanese said projected growth in traffic to 427,000 annual aircraft movements by 2029, makes the case for another Sydney airport one of “national interest”.
The state government is teaming with Mr Albanese, to conduct a joint study identifying possible airport sites. It’s believed the Bankstown Airport, which recently came onto the market for sale; and a site at Badgerys Creek, have been disqualified as possibilities.
Read moreTwo years after failing to sell at auction for $20 million, the owners of Richmond’s a former Rosella Preserving and
Read moreA MONTH after Richmond’s iconic Dimmeys building was added to the Victorian Heritage Register, its new owner has lodged a permit to develop a 9-level, 89-unit apartment building, on land at the rear of the property.
Read moreFormer Victorian premier Jeff Kennett, has sold a Richmond office building he bought in late 2000 with wife Felicity, and business partner, sports tournament promoter Tony Roosenburg.
Read moreProperty giant Australian Property Growth Fund has reaped almost $7 million from the sale of strata units at a new Rothelowman designed office building in Harvey Street Richmond.
Read moreRichmond’s Dimmeys store has been formally recognised as a Melbourne landmark.
Read moreThe new owners of Richmond thrift store Dimmeys have supported a submission the landmark property be added to the Victorian Heritage Register, in a move that will protect the distinctive Swan Street building and its clock tower from inappropriate redevelopment.
Read moreFederal government agency IP Australia will lease 1200 square metres at building 10/658 Church Street in Richmond.
Read moreThe Dimmeys building in Melbourne’s inner east Richmond has sold and may be redeveloped into a shopping centre in which
Read moreMelbourne-based developer Caydon Property will build a $50 million mixed use building on the banks of the Yarra River, in Cremorne.
Read moreAdventure travel company Intrepid Travel is believed to be considering a 3000 sq m office lease deal at Salta Property Group’s new 649 Victoria Street building, opposite Victoria Gardens in Richmond.
Read moreDeal Corporation is expected to reap about $20 million for the office component of its recently completed, $80 million Era development in Richmond.
Read moreIt has never been Melbourne’s prettiest inner-city strip, but Victoria Street, where Richmond meets Abbotsford, may be in for a change of fortune.
Read moreTwo massive older-style apartment blocks, being part of the estate of the late Peter Thomas Rand, sold at auction this week for $14.04 million.
Read moreData showing that population growth in the Richmond-Tweed region has been faster than any other part of NSW in the past two years is evidence that Australians are prepared to move in search of a better lifestyle according to the Real Estate Institute of New South Wales (REINSW). It also accords with the latest property prices released by the Institute, which show house prices in the area grew 11% in the last quarter – among the highest of any regional location.
Read moreProfessional services firm GHD has delivered a proposal for an emission-free office building, to be developed on top of the busy Richmond train station, in Melbourne’s inner-east.
Read moreThe AFL footballer who scored an unprecedented three winning nominations for Mark of the Year in 2006, is selling an investment property in Hawthorn East.
Read moreCharter Hall, one of Australia’s leading property fund managers and property developers has been awarded the exclusive right to negotiate the purchase of the Nine Network’s headquarters in both Sydney and Melbourne following a tender process.
Read moreInvesta is believed to be formalising a deal to buy the last two development sites at the Botanicca Corporate Park in Richmond.
Read moreThe sprawling Kangaroo Ground property Richmond Football Club coach Terry Wallace built for his family in 1993, is on the market.
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