Pelligra Group buys 20.8 hectare Ravenhall super-site

EXCLUSIVE Pelligra Group has acquired another industrial development site in Melbourne’s west. The diversified builder and investor is paying an as-yet undisclosed sum for the 20.8 hectare irregular shaped site at 31 Fuller Road, Ravenhall. Zoned Industrial 3, in the heart of Ravenhall’s industrial precinct, the block had formerly been approved for a subdivision. CBRE’s

Read more

Pelligra Group buys Ford factories in Broadmeadows and Geelong

Pelligra Group is acquiring Ford’s former Broadmeadows car assembly plant, and Geelong engine making and stamping facilities. Coincidentally, Pelligra Group also bought Adelaide’s redundant Holden factory in 2017, from General Motors. Ford listed the three Victorian sites last September with a price expectation totalling about $75 million. Targeted to commercial developers, the factories have been

Read more

Pelligra Group buys enormous site which previously accommodated one of Melbourne’s most famous factories

Local developer Pelligra Group is continuing to build its property portfolio – this week buying an enormous land parcel which previously accommodated one of Melbourne’s biggest and most famous former factories. Pelligra plans to replace the 39-hectare ex-Huntsman Chemical Corporation site at 454-460 Somerville Road, Brooklyn, with a business park. The deal marks a new

Read more

Chinese developer pays $5.51 million for row of three Richmond shops

A row of three shops in Melbourne’s inner east Richmond, has been snapped up by a Chinese developer for $5.51 million. The holding, 255-259 Bridge Road, sits between the near-new 10-storey Ark apartment complex and the Richmond Plaza, which is the subject of a major mixed-use, residential-based redevelopment. Steveway agents Steven Pantelios, Andrew Kolovos and

Read more

Salta Properties pays $14.75 million for former Telstra building in Richmond

Salta Properties is continuing to landbank office development sites in Melbourne’s inner-east Richmond. This time, it is paying $14.75 million for a 2944 square metre site at 173-177 Barkly Avenue, between Burnley Street and the busy Gibdon Street/Monash Freeway intersection. The property includes a low-rise red-brick warehouse occupied for years by Telstra. Since about 2009,

Read more

Centuria Industrial REIT pays $22.8 million for Quiksilver’s North Geelong distribution centre

EXCLUSIVE ASX-listed Centuria Industrial REIT is paying $22.8 million for a North Geelong distribution centre rented to Quiksilver, a surfwear brand acquired early last year by California’s Boardriders Inc. The off-market deal for 75-105 Corio Quay Road was negotiated by Fitzroys director Paul Burns. On a 3.8 hectare parcel, the 21,772 square metre facility acts

Read more

GenU lists Geelong’s high-profile and historic Kardinia House

Support group GenU is selling its high-profile and historic outgoing headquarters overlooking Geelong’s Barwon River. Kardinia House at 1 Riverview Terrace, Belmont, is being targeted to developers and renovation rescuers. It is expected to sell for more than $5 million. Built in about 1850 by Victorian colonist and politician, Dr Alexander Thompson, the bluestone mansion

Read more

St John’s Ambulance Australia leases two office/warehouses in Melbourne’s north-west

St John’s Ambulance Australia has leased two office/warehouses in Melbourne’s north-west. Last week, the group committed to 904 square metres – filling the last two vacant showrooms – at 16A Keilor Park Drive, Keilor East, an investment owned by local private investor Pelligra – which is coincidentally headquartered at the same building. St John’s is

Read more

Franco Cozzo turns developer with plans to replace Brunswick store

One of Melbourne’s highest profile retailers is turning property developer. Franco Cozzo – whose television commercials are as distinctive as the European furniture he sells – has applied to build an eight-storey apartment complex (pictured, top) on the site of his Brunswick store, about six kilometres north of the CBD. The proposal, first reported by

Read more

“Globally recognised” redevelopment planned following sale of Richmond properties by Reject Shop co-founder Ron Hall

Ron Hall, the founder of retail outfits The Reject Shop and Going Going Gone, has sold two neighbouring properties in Melbourne’s inner-east suburb of Richmond, to a consortium of local developers, Pelligra Group and ResiCommercial, for a speculated price in excess of $25 million. The portfolio – a low-rise office and warehouse at 471-479 Swan

Read more
error: Content is protected !!