Pellicano banks $20m selling down bulky goods investment
Pellicano Group has sold the last of five subdivided assets created out of a Sunshine Coast bulky goods centre it
Read more
Pellicano applies for $225m BTR project
Two major developers have applied to construct Queensland Build to Rent projects. In Robina, 10 kilometres south of Surfers Paradise,
Read more
Lightning Source pre-commits to Pellicano’s Innovation Park
Book printer Lightning Source has pre-committed to Pellicano’s Innovation Park, in Melbourne’s Dandenong South. The Ingram Content Group business will
Read more
Pellicano’s Surfnplay Aqua Park no longer a joint venture
Pellicano won’t seek to replace Zagame Corporation as joint venture partner to build what would be the largest indoor water
Read more
Pellicano sells Ravenhall industrial investment for $17 million
EXCLUSIVE The Pellicano family has sold a large, modern and fully leased Ravenhall factory, off-market, for $17 million. The deal
Read more
Pellicano pays c$11 million for high-profile Fitzroy office
Builder Pellicano is paying a speculated $11 million for a low-rise office and retail building with significant redevelopment potential on
Read more
Pellicano and Camlen Property Group sell unbuilt Ringwood office for $28.3 million
Pellicano and Camlen Property Group have sold an office investment they are yet to build in Ringwood. A Macau-based private
Read morePellicano Sells Notting Hill Office Warehouses
Melbourne-based developer the Pellicano Group has made more than $8 million from the sale of 17 strata office suites, at a Notting Hill business park.
Read more
Amazon spends big for ex-Harness Racing Victoria site
EXCLUSIVE Amazon Corporate Services has paid $60.5 million – 150 per cent more than what the vendor paid two years
Read more
Party supplies giant rents ex-Woolworths distribution centre
London stock exchange listed IG Design Group, holding the local licence to sell, amongst other brands, Barbie, Disney, Marvel, Thomas
Read more
Cabrini arm consolidates Melbourne accommodation
EXCLUSIVE Cabrini Healthcare, which has a significant technology arm behind several brands, will consolidate its Assistive Living Technologies & Equipment
Read more
Invictus boosts Australian hotel portfolio
Nine months after entering the Australian market with plans to build a c$500 million hospitality portfolio, Singapore’s Invictus Developments, backed
Read more
KM creates first single asset trust with Melbourne warehouse
KordaMentha arm KM Property Funds will create its first single asset trust with a Dandenong South property purpose-built for the
Read more
Asian investor snares inner city shops, day hospital
A two storey strata titled commercial space beneath the 10 level The Wellington Apartment Hotel, in East Brisbane, has sold
Read more
Aveo lists ex-Tanah Merah Village
Aveo Group, which was deregistered from the ASX in 2019 when it was bought for $1.3 billion by Brookfield Asset
Read more
Milwaukee leases ex-Toyota research centre
Milwaukee Tool – which turns 100 next year – has leased the former Toyota Technical Centre at Notting Hill. The
Read more
Sofitel Brisbane Central fetches $178m
Brookfield has sold Sofitel Brisbane Central on its second attempt. The 5-star hotel is trading to a 50:50 partnership comprising
Read more
Karim family snap up another east coast hotel
Indonesia’s Karim family is a step closer to achieving its goal to establish a half a billion dollar east coast
Read more
Iveco sells landmark Melbourne production plant
EXCLUSIVE A 12.21 hectare piece of the prominent ex-Iveco factory, at the south east corner of the Princes and South
Read more
Industrial developer secures Dandenong South drive-in
Local heavyweight Pellicano has swooped on a major south east Melbourne industrial development site, outlaying a speculated $40 million. The
Read more
Biggest of Australia’s 12 drive-ins for sale as development site
One of three Melbourne drive-in theatres, and 12 in Australia, is for sale as an industrial development site. The Lunar,
Read more
Toyota sells ex-research centre
Monash University is paying c$66 million for an underutilised commercial site opposite its Clayton campus. The 3.63 hectare Notting Hill
Read more
Trilogy lands Sunshine Coast investment
The biggest Sunshine Coast property sale this year – and the second worth over $20 million since 2021 – has
Read more
Frasers fills Berrinba estate
National Tyre & Wheel has signed a 10 year lease for a 21,017 square metres warehouse at the Berrinba Logistics
Read more
Nolan consolidates to Dandenong South HQ
Nolan Group will consolidate several south east locations, including its Dingley Village headquarters, to a Dandenong South office/warehouse (artist’s impression,
Read more
Underutilised city office trades on 1.6pc yield
A low-rise office with significant development upside near the State Library has sold for c$12.9 million. The deal for 152-156
Read more
Amazon chooses Melbourne for first Australian sort centre
Amazon will open its first Australian sort centre at Goodman Group’s Amaroo Business Park, in Craigieburn. The 15,600 square metre
Read more
Trilogy offloads Costa’s Ravenhall HQ
Trilogy Funds has sold a modern Ravenhall office held for eight years. The three storey building at 271-279 Robinsons Road,
Read more
Dandenong South warehouse sells for $20m
A land rich Dandenong South industrial investment has sold for c$20 million reflecting a 3.25 per cent yield. Despite its
Read more
Assembly enters Dandenong South industrial market
Assembly Funds Management has entered the Dandenong South industrial market, picking up two warehouses from private investor David Feldman. The
Read more
Piccolo extends Fitzroy holding
Piccolo Developments has quietly snapped up two properties abutting a Fitzroy site it acquired from Australia Post last month. The
Read more
Centuria buys Dandenong South industrial park
Centuria Industrial REIT (CIP) has purchased a Dandenong South business park on a funds-through basis. The $88.8 million project (impression,
Read more
Baby Bunting rents ex-car dealership
Baby Bunting has rented the ex-Hawthorn BMW dealership. The 1332 square metre standalone building at 693-695 Burwood Road, Hawthorn East,
Read more
Dandenong South office/warehouse trades for $17.9m
A modern Dandenong South industrial investment is selling for $17.86 million to an as yet undisclosed institution. Th 2.62 hectare
Read more
Hardware group buys gateway Tullamore block
Pinnacle Hardware, which manufactures DIY and home storage products, has snapped up three sites abutting the northern entrance to ESR’s
Read more
Aesop’s outgoing Fitzroy HQ sells for c$7.9m
EXCLUSIVE The outgoing Fitzroy headquarters of luxury skincare brand Aesop has traded for a speculated $7.85 million – valuing the
Read more
Schwartz Media proposes eight floor HQ at Collingwood’s British Crown Hotel
EXCLUSIVE Morry Schwartz has paid $5.15 million ex-GST for Collingwood’s vacant British Crown Hotel with plans for a sustainable eight
Read more
V/Line leases another west Melbourne warehouse for depot
V/Line has signed another industrial lease deal in Melbourne’s west, this time in Ravenhall. The 2500 square metre facility with
Read more
Amazon trebles Australian occupancy with robotic Kemps Creek warehouse
Amazon today trebled its Australian industrial occupancy, announcing the pre-commitment of an automated fulfilment centre in Sydney’s west. Amazon Robotics,
Read more
Amazon commits to Brisbane fulfilment centre
Amazon has committed to a fulfilment centre in Brisbane’s north east Lytton. Cryptically only described as being the size of
Read more
Amazon Flex to occupy Melbourne Airport Business Park
Amazon Australia has leased a 330 square metre warehouse at Melbourne Airport Business Park in Tullamarine. The space is for
Read more
Former Jooce nightclub for sale
Ringwood’s former Jooce nightclub is for sale. Now a prime development site in an activity centre – the local council
Read more
Chinese investment group spends $6.5 million in Moorabbin
A showroom warehouse in Moorabbin, in Melbourne’s south east, has sold to a Chinese investment group for $6.5 million. The
Read more
Martin Strode’s SMA Projects lists new Fitzroy supermarket built on the site of theatre The Star Lyric
Developer Martin Strode is selling the strata-titled supermarket on the ground floor of an apartment complex which has replaced 1910s
Read more
Sydney’s Ralan Group collapses
Ralan Group is the latest Australian property developer to collapse. The Sydney-based apartment builder is reportedly $500 million in the
Read more
Hyatt returns to Queensland following Woolloongabba lease
Hotel giant Hyatt is returning to Queensland after seven years. The accommodation provider this week committed to part of the
Read more
Soon-to-be-vacated 7-Eleven HQ in Mount Waverley listed for sale
Four months after it was reported that convenience retailer 7-Eleven was relocating to Melbourne’s inner-city, its long-time suburban headquarters, in
Read more
Woolworths assigns lease of redundant Home Timber & Hardware distribution centre
Woolworths has assigned the lease of a modern logistics factory in Melbourne – no longer required since the 2016 sale
Read more
“This is just the start”. Amazon makes location of first Australian fulfilment centre official
Cloud computing and e-commerce giant Amazon made news of its first Australian fulfilment centre official this morning. As speculated, the group
Read more
Amazon chooses Dandenong South for first Australian fulfilment centre
Amazon appears to have chosen Melbourne’s Dandenong South as the location for its Australian fulfilment centre. The electronic commerce and
Read moreBosch to Move to New 14,000 Square Metre Dandenong Facility
BOSCH has leased a 14,000 square metre industrial facility, in the outer south-eastern suburb of Dandenong South.
The technology company will pre-commit to a new office and warehouse building on the corner of Abbotts Road, and Taylors Road at the M2 Industry Park, being developed by Melbourne private development company Pellicano.
Read moreRedevelopment of Kelly Brothers Market Garden Continues
Redevelopment of the former Kelly Brothers market gardens in Dandenong South is continuing, with 10 hectares of newly rezoned industrial land about to be sold to make way for factories.
Read moreGersh to sell Pipeworks
Pipeworks Market – for years the only place in Victoria to bungy jump – is for sale. The 7.5 hectare
Read moreLeighton Adds to Suburban Strata Office Boom
Melbourne’s strata office building boom looks like continuing into 2008, with heavyweight developer Leighton Properties confirming it will start construction of a 4000 square metre building in south-eastern suburb of Cheltenham.
Read moreLand Values Boom Around Eastlink Freeway
AVERAGE industrial land values in Melbourne’s eastern suburbs increased a staggering 41 per cent in the 2006-07 financial year in anticipation of the opening of the EastLink toll road next year. Industrial land values in the east now average $325 a square metre, up from $230 a square metre this time last year.
Read more