The Alter family is seeking to fill an imposing Melbourne office it acquired for $41 million in 2018 knowing it would be vacated this year. On a 5927 square metre site abutting the Yarra River, in inner north east Abbotsford, the complex has been given a new name – Trenerry Workport – and its formerRead more
EXCLUSIVE Fred IT Group – which designs and develops technologies for professionals and businesses in the healthcare sector – is moving headquarters within Melbourne’s inner north east Abbotsford. The 28 year old enterprise has pre-committed to 2421 square metres at Craftworks, a prime quality office set to be developed at 20-30 Mollison Street on theRead more
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 resultRead more
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 aRead more
The four storey strata titled Abbotsford office upon which the iconic Skipping Girl neon sign was built in 1970 is for sale. Skipping Girl Place at 651 Victoria Street is expected to trade for more than $20 million to an investor, owner occupier or even developer which might consider utilising the airspace longer term. ARead more
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 beenRead more
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 aRead more
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.Read more
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 andRead more
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 inRead more
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, whichRead more
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 sellingRead more
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 inRead more
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,Read more
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, whoseRead more
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 andRead more
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 thanRead more
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,Read more
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.Read more
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.Read more