Hoyts, Credabl amongst tenants to commit to Bayley Stuart’s 600 Church Street, Cremorne

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

Read more

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

Read more

Victoria’s wealthiest woman Naomi Milgrom spending $95 million on neighbouring Cremorne office

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

Read more

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,

Read more

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

Read more

CostaFox planning eight-level strata office complex in Melbourne’s “hot” Cremorne

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

Read more

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

Read more

Black Rhino Group pays more than $12 million for Ballarat’s historic Craig’s Royal Hotel

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

Read more

Tranche of 18 service stations net 7-Eleven owners $78.2 million

A portfolio of 18 7-Eleven outlets offered as sale and leaseback investments traded for $78.2 million to separate buyers at an auction event on Tuesday. The deal comes two months after the vendor – controlled by 7-Eleven’s Australian franchise owners, the Withers and Barlow families – banked $77.9 million selling 15 petrol stations, also with

Read more

Withers family offers 18 more 7-Eleven service station investments

EXCLUSIVE The Withers family – which controls Australia’s 7-Eleven franchise – is offering another tranche of service stations via a sale and leaseback arrangement. The 18 properties, in the Australian Capital Territory, New South Wales, Queensland and Victoria, will be offered separately at a live-streamed auction event starting in Sydney, then moving to Melbourne, on

Read more

Vantage pays $58 million for St Kilda Road office with 35 per cent vacancy

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

Read more