The historic Melbourne CBD building occupied by Fletcher Jones from 1955 until it went into administration nine years ago is set to reopen as a Vibe hotel in April after being topped with a 24-level tower. Owner Caydon Property Group as part of a consortium including Singapore backed TFE Hotels – Vibe’s operator – paidRead more
EXCLUSIVE One of inner-Melbourne’s busiest intersections is about to have a 12-level office constructed at it. Caydon Property this week launched the leasing campaign for a 15,373 square metre building to be known as 8 Gough Street, Cremorne. The glass complex is earmarked for a site at the north-east corner of Punt Road and theRead more
AXA Investment Managers is buying a $100 million unbuilt office within Caydon’s Malt District development, in the riverside Richmond pocket of Cremorne. As part of the transaction, AXA will pay $32.5 million for the land at 17-21 Harcourt Parade, which was for years the warehouse for Beaver Plastics. This site is making way for aRead more
LOCAL builder Caydon has purchased another major development site, this time in Brunswick East, and at the suburb border of Carlton North and Fitzroy North.
The Collingwood based developer is understood to have paid about $16 million for a one hectare disused factory at 21 – 27 Brunswick Road, near the corner of Nicholson Street where it is completing another project.
Caydon is reportedly planning to redevelop the old factory site into a $120 million village of apartment towers, shops and offices.
At that value, the project will be even bigger than the controversial Tip Tip factory redevelopment around the corner, being undertaken by Toll boss Paul Little’s building arm, Little Project Development.Read more
COLLINGWOOD-based developer Caydon is the mystery buyer to pay more than $12 million for a major Hawthorn development site, overlooking the Glenferrie Oval.
The collection of properties was offloaded by Mirvac, which had quietly spent several years amalgamating adjoining warehouses and offices between 291 and 311 Burwood Road, to create the 5,000 square metre super site.
Soon before listing the property for sale in August, the Victorian Civil and Administrative Tribunal granted Mirvac a permit to build a $120 million, 5-level office which at 18,800 square metres, would have been one of the biggest in the suburb.
Melbourne-based developer Caydon Property will build a $50 million mixed use building on the banks of the Yarra River, in Cremorne.Read more
The Thai family which owns food import business Sino-Pacific Trading has made its first foray into Australia’s hotel market paying $108 million for Sydney’s Vibe Darling Harbour. Icon Oceania only completed construction of the 145-key hotel last October. The developer listed the WMK-designed asset, 319-325 Sussex Street, Sydney, two months earlier. At the time itRead more
Moonee Valley Racing Club has banked $6.6 million selling a premium quality childcare centre built into and behind a historic former chairman’s residence at the north west tip of the Moonee Valley Racecourse. Last month’s auction of 2 McPherson Street, Moonee Ponds, is the club’s first divestment of part of the 40-hectare racecourse in moreRead more
Boutique hotelier Veriu has pre-committed to four venues on Australia’s east coast – a move which will grow its burgeoning portfolio by 235 rooms. With each development, the land-owner will cover hotel construction costs. Upon completion, in 2021, all will be leased long-term to Veriu for its Punthill brand. The landlords would then have theRead more
Boutique property investor Bayley Stuart Capital is paying CostaFox Developments $50 million for an unbuilt office at 1-11 Gordon Street, Cremorne, in Melbourne’s inner east (artist’s impression, top and below). The off-market deal, on a fund-through basis, was negotiated by agency Dawkins Occhiuto. It is Bayley Stuart’s second fund-through office purchase in the area: 17Read more
The first piece of the Moonee Valley Racecourse to be divested by the Moonee Valley Racing Club (MVRC) in more than a century hit the market last week. The childcare centre at 2 McPherson Street, built into a historic, double-storey former chairman’s residence at the north west tip of the 40 hectare site, is expectedRead more
Alfasi Property – a division of Alfasi Group, which established as a steel fabrication company in 1980 – has appointed Kane Constructions to build its flagship asset, an office in Melbourne’s inner-east Cremorne. The 510 Church Street complex is scheduled for completion in mid-2021. The nine-level building will contain 18,559 square metres of A-grade area,Read more
A strata titled investment within shopping centre Bulleen Plaza, leased to former state Opposition Leader, Matthew Guy, is for sale again. Shop 30D within the complex at 101 Manningham Road has been rented to the Parliament of Victoria since 2003. It currently pays annual rent of $67,500 for the 139 square metre space. When theRead more
Tim Gurner is selling a prominent North Fitzroy site, permit-ready for an eight-storey office. The 3223 square metre holding, 81-89 Queens Parade, was for decades owner-occupied by Clipsal which moved to Notting Hill in 2013. Mr Gurner proposed developing the property in a joint venture with a family that paid $15.455 million for it inRead more
EXCLUSIVE The Victoria Bitter-branded silos on the banks of the Yarra River at Richmond’s southern tip – will be incorporated into a distinctive strata office complex. The development will extend out of the silos for six floors. Workspaces within the project, branded The Silo Studio, will be configured in size between 321 square metres andRead more
In one of the largest suburban Melbourne office lease transactions this year – Ambulance Victoria has rented 3152 square metres at the Tally Ho business park, in Burwood East. The refurbished space, levels two and four of 12 Wesley Court, was formerly occupied by software giant MYOB, which has been progressively moving its staff toRead more
Development will take place – finally – at the site of a Moonee Ponds office acquired by the Melbourne Fire Brigade in 2010, and left vacant since. The MFB sold 579-591 Mt Alexander Road for $6.75 million early last year. That purchaser immediately sought to replace the 1608 square metre block with a six-storey buildingRead more
Two neighbouring Richmond properties creating a 5433 square metre C-shaped super-site, have hit the market giving prospective joint venture partners a building block for now, and later. The Swan Street Collection is being marketed by TCI’s Jack Teneketzis as follows: 362-368 Swan Street, Richmond A 3103 sqm site containing a 2026 square metre showroom leasedRead more
Developers Gus Cooper and Michael Gannon have applied to replace one of Cremorne’s largest industrial properties with two office buildings and a public plaza. The landmark proposal, for 68-88 Green Street, 2.5 kilometres east of the Melbourne CBD, will contain a total of 11,513 square metres of lettable area of which 1004 sqm will beRead more
Twenty owners of one-bedroom apartments are sharing in the spoils of a major windfall, selling their unit block as a whole to a bayside developer for more than $11 million. The property at 14 Alma Road, St Kilda, is now expected to make way for a major residential building of 14 storeys, or more. TheRead more