ASX-listed giant leases Ringwood superstore
A prominent Ringwood showroom for more than 20 years occupied by Baby Bunting has been leased to ASX-listed Viva Leisure
Read moreA prominent Ringwood showroom for more than 20 years occupied by Baby Bunting has been leased to ASX-listed Viva Leisure
Read moreEastern Health has committed to a landmark all-electric office under construction next to Eastland shopping centre. The healthcare giant, which
Read moreThe Knowles family’s Arcare has paid $7.5 million for a General Residential zoned site opposite Ringwood Public Golf Course. The
Read moreThe operators of Ringwood Mazda have paid $15 million for the dealership and service centre they have occupied for two
Read moreThe former Jooce nightclub – now a Rivers store and Genesis gym – has sold to an offshore developer for
Read moreSector Property Group has sold a Ringwood office after snaring a pre-commitment from VicRoads. Under construction abutting Eastlink, 93A Heatherdale
Read moreEXCLUSIVE The Department of Transport is renting two new offices in and around Melbourne’s Ringwood. Both premises will accommodate VicRoads
Read moreA Ringwood East supermarket offered with a leaseback to a popular IGA outlet has sold for $7.34 million. The property
Read morePellicano and Camlen Property Group have sold an office investment they are yet to build in Ringwood. A Macau-based private
Read moreA prominent and enormous Ringwood development site with the potential to make way for some dozen townhouses, is instead being
Read moreA Ringwood development site has sold for over $11 million. The under-utilised investment covers a land area of 8067 square
Read moreIN the 1990s, it was considered one of the outer eastern suburb’s ritziest hotels.
But the former Sundowner Ringwood complex, since rebranded the Ringwood Motor Inn, has now sold to a residential developer with vacant possession.
The 31-year old, 39-room brick hotel is expected to be replaced with a higher density apartment based project which sources estimate will have an end value of more than $40 million and may include high rise buildings.
Read moreAFTER picking up a prominent eastern suburb development site at a particularly depressed time in the property cycle last year, fast food chain McDonalds is readying to play property developer.
McDonalds is looking to replace part of a prominent former Patterson Cheney car dealership at 43 – 57 Maroondah Highway in Ringwood, with a 24-hour restaurant.
It paid about $15 million for the massive 16,380 square metre site, near the Maroondah Highway exit of Eastlink, almost a year ago.
Read moreRINGWOOD’s Memorial Clocktower Park will be replaced with a one-way bus lane, under plans being proposed by the Department of Transport and to be considered by the Maroondah council.
The proposal would see a park relocated to a site, currently used as a car park, east of the Clocktower.
A large cypress tree and other vegetation will be removed to allow bus access to a new railway station interchange from Wantirna Road.
Read moreEXCLUSIVE Development Victoria has launched a campaign to sell the ex-VicRoads headquarters, near Kew Junction, for a residential project. About
Read moreAsia based developers have traded Ringwood’s former Jooce nightclub – nowadays a Genesis gym and Rivers outlet. The 7015 square
Read moreThe hilltop Melbourne property come to be known since it was proposed five years ago as the ‘Bunnings hotel’ is
Read moreThe Brady family’s Amber Property Group has sold the three year old Sebel Melbourne Ringwood which will now be transformed
Read moreEleven months after buying the high-profile Logan Medical Centre, Properties & Pathways has bought a three bedroom home on a
Read moreThe City of Logan has sold the headquarters of its for-profit investment arm, Invest Logan, which it decided to wind
Read moreThe Buxton family’s retirement living arm has snapped up Brighton’s former Marine Hotel, behind the Church Street shops, for a
Read moreThe former Bupa Donvale in Melbourne’s east will reopen as a Chinese culture focused aged care facility after being snapped
Read moreA restorative dental care provider has purchased the most prominent shop in a commercial strip with just eight properties, at
Read moreThe Wen family’s Chin Hong Group has acquired its 11th Queensland shopping centre – the Park Ridge Town Centre, in
Read moreAnother Greek not-for-profit association has listed an infill site held for decades – this time in Melbourne’s Bayswater. The Lesvos
Read moreQIC yesterday turned a sod to mark the start of construction of another all electric Melbourne office, this time at
Read moreHMC Capital has picked up a portfolio of 11 hospitals, seven which will be held by two trusts. The $1.2
Read moreQIC recently kicked off construction for an all-electric office tower as part of its growing mixed-use precinct in Ringwood, which
Read moreA trophy office at Kew Junction – considered one of Melbourne’s most tightly held major commercial hubs – is set
Read moreEXCLUSIVE After slicing a corner for itself, McDonald’s has sold the balance of a site earmarked, with another across the
Read moreA relatively short lease didn’t sour investor interest for an office occupied by an essential services provider opposite Knox Private
Read moreThe Victorian Civil and Administrative Tribunal has granted Ryman Healthcare permission to redevelop Mount Eliza’s landmark Moondah estate as a
Read moreArnold Thomas & Becker is the latest business to buy a property to occupy. Spreading 68 square metres, the vacant
Read moreOakleigh’s ex-Atari headquarters is set to be replaced with a luxury business, leisure and storage development – with units 30
Read moreIt is the end of an era in Melbourne’s middle and outer east real estate market – with the Philip
Read moreDexus has sold four major east coast investments. In the biggest deal, the group is banking $118.5 million from Gateway
Read moreTwo eastern suburb sites permit-ready for mid-rise apartment buildings sold this week. In Ormond, developer Peter Gibson has banked $6.21
Read moreSector Property Group has swooped on a major industrial asset in Melbourne’s west Altona, with plans for a business park.
Read moreRyman Healthcare is on track to becoming Victoria’s biggest aged care and retirement living provider after snapping up two more
Read moreBank Australia has sold its triple storey Kew headquarters, which it built in 1982, for $15.125 million. At 222 High
Read morePublicans this week snapped up two inner city hotels in deals worth a total of c$19 million. In Woolloomooloo, Wayne
Read moreRyman Healthcare has picked up a small Essendon retirement village with plans for a full-service one. The sizeable 1.8 hectare
Read moreThree east Melbourne car dealerships have sold. In the biggest and most recent deal, a local investor is paying $10.9
Read moreSector Property Group has snapped up a $7 million Preston site for a The Base storage and micro warehouse complex.
Read moreBridport Property Group has sold another new childcare centre – this time in Ringwood East. The 117-place complex at 30-32
Read moreMcDonald’s has chosen Weir Views – one of 11 suburbs recently gazetted around Melbourne’s Melton South – for its thousandth
Read moreInterContinental Hotels Group has committed to its seventh Australasian site for its near-new hotel brand, voco. The 171-room complex at
Read morePostscript: the property sold on May 28, 2020 – two days after this story ran. Balaclava warehouse-turned-reception centre Red Scooter
Read moreRingwood’s former Jooce nightclub is for sale. Now a prime development site in an activity centre – the local council
Read moreThe owner of popular Greek restaurant Stalactites has snapped up two venues affected by last month’s collapse of celebrity chef
Read moreYarralinda Primary School and Early Learning Centre has sold its outgoing Mooroolbark campus for $4.07 million With sale proceeds the
Read moreEXCLUSIVE The Pellicano family has sold a large, modern and fully leased Ravenhall factory, off-market, for $17 million. The deal
Read moreA permit-ready development site in Melbourne’s north east Heidelberg sold for $11.4 million this week. The incoming owner, a local
Read moreAccor has teamed with car dealer turned developer, the Brady family, to establish two hotels in Melbourne’s inner east. In
Read moreAged care accommodation provider Ryman Healthcare has acquired its 11th Melbourne site in five years. The listed New Zealand based
Read moreEXCLUSIVE Sector Property Group has sold a purpose-built childcare investment in Melbourne’s east off the plan. The 138-place complex under
Read moreA Kilsyth industrial asset occupying a two hectare site with development upside has sold for $7.025 million. A high net
Read moreMelbourne’s first Hyatt Centric is a step closer with Little Projects today announcing it awarded Hickory Group the $105 million
Read moreOne of the country’s biggest self-storage and small warehouse providers has acquired a development site in Ringwood. Sector Property Group
Read moreA near-new Coles-anchored retail complex in Melbourne’s north is selling for the second time in less than three years. Coburg
Read moreAustralia’s first 1 Hotel will open on the banks of Melbourne’s Yarra River in 2022. 1 Hotel, a subsidiary of
Read moreThe Yarralinda Primary School and Early Learning Centre in Mooroolbark can expect to bank more than $1.05 million from the
Read moreInterContinental Hotel Group has made another property play in Melbourne, committing to a 252-room hotel in the city, set to
Read moreInterContinental Hotel Group – the British-based parent of Holiday Inn & Suites – has signed a management agreement for a
Read moreSo now what?
After nine years adopting the previous state government’s hugely contentious Melbourne 2030 planning policy – the city’s development landscape is set to change, and apartments may be on the nose.
In one of its first official acts – and as it promised to do before the November 21 election – the Baillieu government has destroyed Labor government planning laws facilitating higher density redevelopment (ie, over three storeys) along all public transport nodes.
In Opposition, Planning Minister Matthew Guy said Melbourne risked becoming dysfunctional, and losing its character permanently, unless suburban apartment construction was curbed.
In power, Mr Guy has committed to a two year audit and consultation program to determine a new model of metropolitan planning.
Read moreTHE Office of Housing has paid close to $4 million for a disused aged care facility in Box Hill.
Dwellings on the 2480 square metre site, opposite the Box Hill Tennis Club and near the Surrey Hills and Burwood suburb borders, are expected to be refurbished before being made available to public housing tenants.
The purchase continues a trend of the Federal Government, and associated public housing service providers snapping up prevalent development sites all around Melbourne and Victoria.
Some of the biggest public housing projects are currently under construction in Abbotsford, Ashwood, Carlton, Ringwood and Wonthaggi.
Read moreFOR the second time this month, an Asia-based developer has purchased a prominent Victorian golf course, and is proposing to build a $55 million hotel, apartment-based complex and new 18-hole golf course, next door.
An as-yet-undisclosed syndicate, which will be part controlled locally, is understood to have paid more than $7 million for the massive St Andrews Beach Golf Course and Resort, on the Mornington Peninsula.
As well as the Gunnamatta course, a temporary club room and 20 apartments, the purchase includes an adjoining development site, which will yield another 18-hole course, club room, 40-room hotel, licensed commercial premises, and about 120 apartments.
Read moreTHE Victorian State Labor government is continuing to offload its most spectacularly located real estate assets, with a major site in ritzy Kew expected to wind up in the hands of residential developers – possibly as early as next year.
The Department of Treasury and Finance is understood to have employed a private consultant to conduct a feasibility study into the future use of the 60 Denmak Street office site, currently occupied by government agency VicRoads.
A confidential Request for Quotation seen by The Age suggests moving VicRoads staff within three to four years.
Read moreMELBOURNE’s once booming real-estate market has finally decelerated – and for the first time in a long time, buyers are calling the shots.
If you have a secure job, low debt and a will to own real estate – banks, developers and the Government want to talk.
But a word of advice: if you do take the plunge, spend what you can afford, rather than the maximum amount you can borrow.
Saturday Domain talks to some experts on which suburbs you should look at, no matter what your budget:
Read moreWarringal Shopping Centre in Heidelberg has sold to private investor Tagon for $30 million. The single storey complex on Burgundy
Read moreTHE FIRST listed property trust casualty of the global financial crisis – Centro Properties Group – has put two more
Read moreMelbourne’s population is growing faster than expected, with government forecasting the city will need to accommodate an extra 1.8 million people by 2036.
Read moreOnce, $500,000 bought a house in most suburbs but that was before last year’s boom that caught everyone by surprise. With prices cooling, we look at what it buys in the city, coast and country.
Read morePart of South Yarra’s Jam Factory may be demolished to make way for a modern village of high-rise offices, apartment towers, shops and cinemas under plans to reposition the shopping centre.
Read moreAustralia’s biggest medical centre is to be developed in the Melbourne 2030 “transit city” of Epping, about 21 kilometres north of the CBD.
Read moreDandenong is a satellite city and major industrial hub located about 36 kilometres south-east of the CBD, and accessed either by the Princes Highway or Monash Freeway.
Croydon is a quiet suburb located about 35 kilometres east of Melbourne, at the foothills of the Dandenongs.
Read moreSpirits are high in downtown Malop Street at the moment, and it’s not just because the Geelong Football Club won the 2007 AFL Premiership Cup (though history has shown that when the Geelong economy is doing well, so too is its football club).
Read moreAnyone who played (or plays) the computer game Simcity would understand the predicament Melbourne planners are in right now.
On the one hand, Melbourne’s population is growing – with some more ambitious estimates suggesting by 1000 people a week. New residents are coming from interstate (particularly Sydney and Brisbane) and overseas (New Zealand, United Kingdom). Many new residents are professional, high income earning professionals who may see Melbourne’s real estate market as relatively affordable.
Read moreIndustry experts unanimously agree the recent surge in real estate values in Melbourne is unsustainable.
Read more