Commercial property investment manager Bayley Stuart has enjoyed more leasing success at one of two offices it is constructing in Melbourne’s exclusive Cremorne. Hoyts, a subsidiary Valmorgan and Credabl – a Rialto-based loan service provider for doctors – will join already reported occupiers, Axil Coffee Roasters, Victory (serviced) Offices and Nine Entertainment’s Domain, at 600

The outgoing Cremorne base of Ginger Recording Studios sold to an owner occupier with other property assets in the area at auction yesterday. The single-storey brick building on a 267 square metre site at 7-11 Jessie Street traded for $2.795 million. It was at this studio Justin Bieber recorded in 2017 whilst in Melbourne for

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

Victoria’s wealthiest woman Naomi Milgrom is speculated to be paying $95 million for a Cremorne office next door to another she bought two years ago. Building 10 of 658 Church Street was listed for sale last month by US-based global investment management corporation BlackRock. The four-level, 7959 square metre office carried price hopes of $80

Another creative corporate is quitting Cremorne – the inner east Melbourne pocket often described as “Australia’s hottest office market”. Kansas City based architect Populous – which we reported yesterday is designing Australia’s biggest eSports Centre – has rented in neighbouring Richmond. Populous will pay annual rent of $40,000 for a car park and 110 square

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,

A vacant double-storey Cremorne office owned by late accountant Alan Dredge sold at auction for $1.5 million last week. The 198 square metre building, on a 141 sqm Commercial 2 zoned plot at 16 Hill Street, had a $1.1 million reserve. Four bidders pushed up the price, according to Teska Carson agents Matthew Feld and

The going rate for Commercial 2 zoned corner blocks in Melbourne’s trendy Cremorne appears to have increased about $600 per square metre in just nine months Colliers International sold 94 Balmain Street (pictured, top) last week for $3.215 million following an auction contested by five parties. It sold on the 83rd bid. The deal values

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

CostaFox has lodged plans to replace the airspace of a historic Melbourne warehouse with an eight-storey strata office complex. In the Cremorne pocket of Richmond, which office sale agents say could be “the hottest commercial precinct in Australia right now”, the proposed building at 1-11 Gordon Street (pictured top and left), will contain 5464 square

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

Black Rhino Group, directed by Dave Tomsic and his wife, Deborah-Mathieson Tomsic, the daughter of prominent publican, Bruce, has paid more than $12 million for Ballarat’s imposing Craig’s Royal Hotel. The renovated complex developed in 1853 at 10 Lydiard Street South is Black Rhino’s 15th Victorian asset. Elsewhere in the regions it owns Seymour’s Railway

CostaFox is paying $28 million for one of Melbourne’s most distinctive commercial properties – The Tea House, at 28 Clarendon Street, Southbank. The six-level building was for years after completion in 1888 the tallest structure outside of the CBD. Designed by James Moore and John Grainger for printers and manufacturing stationers, Fergusson & Mitchell, and

A South Melbourne office developed in the 1980s by Andor Schwartz – the esteemed late father of current generation Melbourne property heavyweights Alan, Danny and Morry – is for sale. The owner of 67-69 Buckhurst Street, occupier, Stowe Australia, can expect about $7.45 million. The 902 square metre holding is in the heart of the

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. A

Vantage Property Investments has acquired a largely vacant office at 574 St Kilda Road as a strategic play. The off-market $58 million deal was struck with SHL Nominees, controlled by members of Melbourne’s Lederman family which owns a substantial local property portfolio. Vantage PI managing director Matt Spring said its latest investment, acquired for a