AXA Investment Managers buying $100 million office within Caydon’s Malt District in Melbourne’s Cremorne

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 a

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Caydon Reportedly Behind $16 Million Brunswick Development Site Purchase, Melbourne

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.

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Caydon Pays Mirvac $12 Million For Hawthorn Super Site Overlooking Glenferrie Oval

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. 

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Vibe Darling Harbour sells to Thai family for $108 million

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 it

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Veriu pre-commits to four Australian hotels for its Punthill brand – three in Melbourne

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 the

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Bayley Stuart buys $50 million Cremorne office from CostaFox on fund-through basis

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: 17

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Alfasi Property kicks off construction of its flagship Cremorne office

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,

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Tim Gurner lists Clipsal’s former North Fitzroy HQ as permit-ready office development site

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 in

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Gus Cooper, Michael Gannon, apply to build two offices and a public plaza in Melbourne’s “hot” Cremorne

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 be

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