Department of Transport commits to offices for VicRoads in Ringwood, Mitcham

EXCLUSIVE The Department of Transport is renting two new offices in and around Melbourne’s Ringwood. Both premises will accommodate VicRoads staff relocating from that group’s Kew headquarters and the Tally Ho business park, in East Burwood. The lease agreements follow a government restructure implemented last July which merged VicRoads and Public Transport Victoria into a

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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 investor is buying 60-62 Maroondah Highway (artist’s impression, top) for $28.3 million. Upon completion in about May, 2020, the five-storey complex, with 3325 square metres of area, and 74 undercover car parks, will be fully leased

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Ringwood development site, earmarked for rezoning, sells for more than $11 million

A strategic development site in the eastern Melbourne suburb of Ringwood has sold for more than $11 million. The under-utilised but tenanted investment covers a land area of 8067 square metres at 154-166 Maroondah Highway (pictured top, left and below), about 23 kilometres from the CBD. Currently zoned Commercial 2, it is anticipated the land

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Ringwood Regent Motor Inn Site Sells to Apartment Developers

IN 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.

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McDonalds Ready to Redevelop Prominent Ringwood Site

AFTER 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.

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Ringwood Clocktower to be Replaced with a Bus Lane: Victorian Department of Transport Proposal

Ringwood ClocktowerRINGWOOD’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.

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Heidelberg block permit ready for eight storeys trades for $11.4 million

A permit-ready development site in Melbourne’s north east Heidelberg sold for $11.4 million this week. The incoming owner, a local developer, snapped up 104-120 Mount Street (pictured, bottom, highlighted) on a 30 day settlement. With plans for an eight-level complex comprising offices and 120 apartments (pictured, top), the 2376 square metre holding was offloaded by

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Accor leases two new Melbourne hotels from the Brady family’s Amber Property Group

Accor has teamed with car dealer turned developer, the Brady family, to establish two hotels in Melbourne’s east. In Richmond, Accor will open a Peppers at 203-207 Bridge Road – a 787 square metre site acquired about two years ago, in two parts, by the Brady’s Amber Property Group. We reported about Amber’s development application

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Sector Property Group sells $7.1 million Mitcham childcare centre off-the-plan

EXCLUSIVE Sector Property Group has sold a purpose-built childcare investment in Melbourne’s east off the plan. The 138-place complex under construction at 14-16 Simla Street, Mitcham, traded for $7.1 million to a Chinese investor – a deal which will represent a commencing yield of 7.6 per cent. Sector offered the property with a 15-year lease

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Little Projects awards Hickory Group $105 million contract to build Melbourne’s first Hyatt Centric hotel

Melbourne’s first Hyatt Centric is a step closer with Little Projects today announcing it awarded Hickory Group the $105 million building contract. Hickory Group expects to turn the first sod at 9-27 Downie Street shortly. The 278-suite hotel (artist’s impression top and below), configured with a six-storey podium, and 22-level tower atop of it, is

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Sector Property Group acquires another eastern Melbourne site for self-storage and office-warehouse project

One of the country’s biggest self-storage and small warehouse providers has acquired a development site in Ringwood. Sector Property Group is planning to replace 93A Heatherdale Road with a two-level, architecturally designed facility containing nine office-warehouses, five strata offices and 55 own-your-own storage units. The Ringwood property will be the fifth Sector Property Group facility

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