Pelligra buys Holiday Inn Melbourne Airport leasehold from IHG on a manage-back

Acquisitive Melbourne developer and investor Pelligra Group has snapped up its first hotel investment – also one of the country’s highest profile guesthouses. The leasehold for Holiday Inn Melbourne Airport (pictured, top) was offloaded by Britain’s InterContinental Hotel Group. Pelligra and IHG in late 2017 formed an alliance to co-develop other Melbourne accommodation venues: one

Read more

Pelligra Group spends c$70 million on distribution centres in Goulburn, Warwick

Pelligra Group has outlaid about $70 million on two regional distribution centres following an off-market deal. The most valuable facility, in Goulburn, New South Wales (pictured, right), is leased to Coles until 2022. At 134 Lillkar Road, the 16.25 hectare site includes a modern complex with a 42,500 sqm warehouse with 60 access points and

Read more

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 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, the builder 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 industrial 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 this week purchased an enormous land parcel which previously accommodated one of Melbourne’s most famous 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 chapter for the property which was set up as a factory

Read more

Ford pre-commits to 8.8ha Mickleham distribution centre; landlords sell it to Dexus for $73.5m

EXCLUSIVE Ford Australia has pre-committed to an 8.8 hectare distribution centre at the Merrifield Business Park, in Melbourne’s north Mickleham. In a twist, the landlords immediately sold the asset to Dexus Australian Logistics Trust for $73.5 million. The car retailer will consolidate several spare parts operations out of Campbellfield, which is about 15 kilometres closer

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