CommBank backed telco commits to St Kilda Road
Vantage Property Investments has secured a CommBank backed telco to two levels of a St Kilda Road office it bought
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St Kilda Road set for Woolies
Mirvac has secured Woolworths to a lower ground floor space at 380 St Kilda Road, which is about to undergo
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Office in St Kilda Road’s revered ‘northern precinct’ for lease
An office in St Kilda Road’s most revered pocket – the northern precinct, opposite the Shrine of Remembrance – is
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Abacus sells half stake in St Kilda Road office
Abacus Property Group has offloaded its half interest in 464 St Kilda Road – the Victorian Automobile Chamber of Commerce
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Barwon swoops on St Kilda Road tower
Barwon Investment Partners has snapped up 607 St Kilda Road for its Healthcare Property Fund (HPF). The price – c$75
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Two St Kilda Road offices for sale
Two St Kilda Road offices purchased by separate parties within months of each other in 2012 hit the market this
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Sydney developer picks up St Kilda Road block
A recently cleared St Kilda Road site is trading for $25 million to Sydney’s Parekh Developments. The 1804 square metre
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Alfred buys St Kilda Road block for research hub
St Kilda Road is set for its first major office building this century – with Alfred Health paying $31m for
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Site of St Kilda Road’s Clivedon seeking $30m-plus
The St Kilda Road property which from 1938 until last year accommodated The Clivedon art deco complex (right) is for
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Jewish Care Victoria lists acre of land behind St Kilda Road HQ
EXCLUSIVE Jewish Care Victoria is readying to sell surplus land at the back of its St Kilda Road headquarters –
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Flight Centre sells St Kilda Road headquarters to Shakespeare PG for $62.15m
Flight Centre is following through on its post COVID-19 action plan to unlock equity and continue trading – selling its
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Flight Centre to sell St Kilda Road Victorian headquarters, again
ASX listed Flight Centre is readying to sell its Victorian headquarters in Melbourne’s St Kilda Road. The travel agency, one
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Vantage pays $58 million for St Kilda Road office with 35 per cent vacancy
Vantage Property Investments has acquired a largely vacant office at 574 St Kilda Road as a strategic play. The off-market
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Last St Kilda Road mansion to be occupied as a home sells for $8.25 million
Historic Melbourne mansion Landene at 490 St Kilda Road has sold after nine months. Landene is believed to be the
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St Kilda Road penthouse seeks $16m
The Royal Domain Tower penthouse is for sale seeking more than $16 million. Occupying the 42nd floor, the c570 square
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Hong Kong’s Mars Family Holdings spends another $70 million in St Kilda Road: reports
Six weeks after Hong Kong investor Mars Family Holdings paid $98 million for an office at 420 St Kilda Road,
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KKR, Vantage, sell St Kilda Road office after two years and a refurb
The joint venture which paid CEL Australia $68 million for an inner-Melbourne office in 2017 has flipped it for a
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GLL Real Estate and Marprop buy 541 St Kilda Road for c$65 million
A partnership comprising German based funds manager GLL Real Estate Partners, with Sydney’s Marprop, is paying close to $65 million
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Beville Group sells 509 St Kilda Road for $163 million
Developer and shopping centre owner John Beville has sold a Melbourne city fringe office for $163 million – almost twice
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St Kilda Road office expected to sell for $160 million – a record price for the precinct
An office on Melbourne’s fringe has hit the market with price expectations of $160 million – almost double the $84
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St Kilda Road apartment asking $45 million – a record Melbourne high
A penthouse atop a proposed 15-level apartment building, earmarked for a spectacular site at 409 St Kilda Road, has been
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Challenger Sells 417 St Kilda Road, Melbourne, For $80 Million
INVESTMENT manager Challenger has offloaded a major St Kilda Road tower in an $80 million deal.
The 10-level, 20,000 square metre A-grade office at #417 (pictured, right) has been purchased by syndicate Newmark Property Group, headed by ex Lend Lease and Mirvac executive Chris Langford and Simon Morris, previously director of the Peninsula Development Group.
The sale price represents a high yield of about 9 per cent. For years known as the Mobil building, 417 St Kilda Road includes Oracle and the Red Cross as major tenants.
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Target Signs Major Office Lease in St Kilda Road, Melbourne
RETAIL giant Target has leased 4462 square metres of office space on Melbourne city-fringe office market, St Kilda Road.
The Wesfarmers controlled group chose the building because of its proximity to the CBD and Flinders Street train station.
St Kilda Road office tenants have criticised (and vacated) the area which is only serviced by train. At it’s peak St Kilda Road had more than 800,000 square metres of available office space, but no developer has proposed a new office in more than ten years.
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Lloyd Williams to sell St Kilda Road site
Developer Hudson Conway, headed by billionaire businessman Lloyd Williams has relisted a development site at 557 St Kilda Road, on
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Perron Investments, ProLock to Sell 484 St Kilda Road Office, Melbourne
BILLIONAIRE West Australian investor Stan Perron, with private investor ProLock, can expect about $75 million from the sale of an
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Spotless Group Leases Entire St Kilda Road Office Building, Melbourne
SPOTLESS Group has leased an entire St Kilda Road office building, and will relocate its headquarters from the Melbourne CBD.
The cleaning services and management company, currently based at 350 Queen Street, has leased about 9200 square metres at the 549 St Kilda Road building previously known as AIG House.
The rent Spotless will pay has not been disclosed, but industry sources speculate it circles about $250 per square metre, per annum, before incentives (a lure usually offered in the way of a fit-out, or rental discount). This is low compared to the CBD, Southbank and Docklands.
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Schwartz Family Corporation to Sell 499 St Kilda Road
AUSTRALIAN hotel owners Schwartz Family Corporation are selling a major St Kilda Road development site bordering Fawkner Park.
The family can expect around $53 million from the sale of The Fawkner Centre at 499 St Kilda Road, Melbourne, near the corner of Commercial Road, which acts as the Prahran and South Yarra suburb border.
The 6070 square metre site includes a 19-level, 21,377 square metre office pictured, right) that currently returns annual rent of $5.9 million.
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Deaf Children Australia to Sell a Portion of its St Kilda Road Site
APARTMENT construction at the bottom end of Albert Park Lake looks set to intensify with Deaf Children Australia listing major residential development site for sale, abutting Wesley College’s St Kilda Road campus.
Local agency sources expect DCA will reap between $16 – $20 million from the sale of the 5471 square metre site which is being marketed as a multi-level development site at lot 1, 597 St Kilda Road.
Most of the site is an open air car park with frontage to (the less exclusive) High Street, just west of Punt Road. The precinct is classified as Melbourne, with postcode 3004, however many of the occupants in the area, including Wesley and the Alfred Hospital, also classify their addresses as Prahran.
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Former PM Residence, St Kilda Road, Melbourne, Listed For Sale
ONE of the few remaining historic mansions in Melbourne’s grand St Kilda Road is being offered for sale – but its fate – as a luxury home, or as an equally lavish office – is now in the hands of whoever waves the biggest cheque.
The prominent Airlie mansion at 452 St Kilda Road, on the north-west corner of Arthur Street was once occupied by Prime Minister Stanley Bruce whose Nationalist-Country coalition governed the country between 1923 – 1929.
Built in 1891, Airlie was eminent during a period St Kilda Road was revered as the address of Melbourne’s wealthiest aristocrats and where some of the city’s most grandiose residential real estate was developed.
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Nikos Believed to be Behind $21 Million St Kilda Road Purchase
PRIVATE investment group Nikos Property Group is believed to be making its second foray into the St Kilda Road office market.
Sources say the group is in advanced negotiations to buy the 549 St Kilda Road office for $21 million.
The building is being offloaded by Chartis, whose predecessor, American Home Assurance Company, paid $28 million in 1987.
Chartis is relocating its offices to Docklands.
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Surge in Chinese Visa Applications Prompts St Kilda Road Office Lease
A SURGE in the number of Chinese visa applications has forced the Chinese Embassy to lease new offices specifically for the Chinese Visa Application Service Centre division.
The department will now be based at 570 St Kilda Road after signing a six year lease for almost 500 square metres of ground floor space.
The Chinese government will pay a starting rent of $240 per square metre, per annum to occupy the A-grade, 8-level office, opposite the popular Belgian Beer Cafe Bluestone and Wesley College.
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ISPT To Reap About $35 Million From Sale of 474 St Kilda Road
Industry Superannuation Property Trust can expect to make between $30 million and $35 million from what might be the most under-utilised property in St Kilda Road.
The Clemenger House office building, at # 474, is spread over two blocks and three streets.
Given the shifting attitude in recent years to convert St Kilda Road offices into high rise apartment skyscrapers, 474 St Kilda Road is expected to arouse interest from residential developers.
Read moreUbertas Group to Sell Last Apartments at 505 St Kilda Road
A UNIQUE luxury apartment with a “left-wing” connection has hit the market, as the developer of a new complex clears the last of the unsold apartments.
The double-storey “townhouse-style” apartment is on the ground floor of Ubertas Group’s 505 St Kilda Road complex, a project built on the site of what was St Kilda Road’s first high-rise office.
The 505 complex is absolute park-front, having a security door connecting residents to the massive Fawkner Park. The apartment itself (G02) includes two bedrooms, a study, two car parks, downstairs courtyard and upstairs balcony – both with a park vista.
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Cheap Rents Drive St Kilda Road Office Leasing Activity
SEVERAL major office lease deals have been signed in St Kilda Road, in what is hoped will bring down vacancy from dangerous new highs recorded earlier this year.
The biggest deal is to Fujitsu Australia Limited, which will lease 25 car spaces and 3131 square metres over three levels at 570 St Kilda Road.
Fujitsu staff will relocate from offices in the CBD and at its prominent 1230 Nepean Highway office in Cheltenham.
Read moreDefence Health to Reap $6.5 Million From Sale of Outgoing St Kilda Road Office
PRIVATE health insurer Defence Health can expect to make $6.5 million from the sale of a prominent St Kilda Road office within walking distance to the Flinders Street station.
Defence Health is the latest in a string of companies to list formerly owner-occupied buildings for sale, while it rents elsewhere.
Defence Health’s outgoing office three-level office at 344 St Kilda Road, opposite the Shrine of Remembrance is being marketed by Colliers International’s Ben Christie.
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Hudson Conway Speculated to be Buying St Kilda Road’s Former Vision Australia Site For $22 Million
DEVELOPER Hudson Conway is speculated to be paying about $22 million for a prominent St Kilda Road development site opposite Wesley College, capable of accommodating several high rise apartment towers.
Hudson Conway is believed to be in advanced negotiations to buy the St Kilda Road site, which Sydney-based developer Stockland purchased off Vision Australia for $28.3 million in 2007.
Stockland reportedly sold the subdivided Belgian Beer Cafe bluestone building that was part of the Vision Australia property, for a speculated $7 million last year, after undertaking a $2 million renovation.
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Flight Centre to Retain St Kilda Road Office Building
HAVING reported a strong six-month profit of $51.5 million last week, Flight Centre Limited has confirmed it will hold onto a St Kilda Road office it purchased at the peak of the commercial property boom in 2007, and then renovated.
Flight Centre Limited’s Haydn Long confirmed the group will retain the 11-level office it occupies and leases to tenants, at 436 St Kilda Road.
The building was put to the market last April with a price tag of between $25 million and $30 million, and after the economic downturn had grounded property markets.
Read moreLeaseplan May Quit St Kilda Road for South Wharf
THE owners of the $750 million South Wharf development, at the point where Southbank meets Docklands, may have snared another major office tenant from St Kilda Road.
Car leasing giant Leaseplan is understood to have leased about 4,000 square metres at the 12-level South Wharf office tower, part of a massive riverfront development that also includes the new DFO South Wharf, and a 396-room Hilton Hotel.
Football Federation Victoria Leaves Thornbury for St Kilda Road
VICTORIA’s state governing body for soccer will relocate from a modest office in the middle of a northern suburb sports complex, to a relatively flash new headquarters in tree-lined St Kilda Road.
Football Federation Victoria has leased 845 square metres at Flight Centre’s 436 St Kilda Road office building, about five months ahead of the opening of the distinctive Rectangular Stadium, under construction on Olympic Boulevard, the new name for the part of Swan Street, west of Punt.
Interior Designer David Hicks Pays $3 Million For St Kilda Road Apartment
INTERIOR designer David Hicks is understood to have paid more than $3 million for a luxury St Kilda Road apartment, built on what was once the site of a rundown office and shopping plaza.
Hicks, who was a judge on Channel Nine’s recent television show homeMade, is speculated to have purchased a 3-bedroom apartment at 401 St Kilda Road, a boutique complex developed by Pan Urban, the construction company of business identity and publisher of The Monthly, Morry Schwartz.
St Kilda Road’s Aviva Building Close to Sale For $55 Million, Apartments Earmarked
A year since coming to the market, Dexus Property Group is believed to be formalising the sale of its huge 509 – 515 St Kilda Road office for about $55 million.
Well placed industry sources say a residential-focussed developer is in exclusive due diligence to buy the 7-level, 19,687 square metre office building, which straddles a 6,070 square metre double-sized block near the corner of Commercial Road.
They speculate the office building currently on the site – home to copier and printer giant Fuji Xerox and insurance group Aviva which also leases naming rights – will be demolished to make way for between two to three new high rise towers, flanked by ground floor retail.
ING Office Fund Sells 412 St Kilda Road For $42 Million
ING Office Fund today announced progress of its selective asset disposal program with the sale of 412 St Kilda Rd Melbourne for $42.0million, reflecting a 6.7% discount to the 31 December 2008 book value.
The property was acquired in June 1996 at a cost of $34.3million and had a book value at 31 December 2008 of $45 million.
Read moreAtari Relocates to St Kilda Road
KROME STUDIOS – the new name for the electronic games giant once known as Atari – has swapped its long
Read moreMirvac PFA May Sell 390 St Kilda Road Office Building
ONE OF the tallest office buildings in St Kilda Road may be on the market soon, with a price tag of some $50 million.
Read moreFlight Centre to Sell St Kilda Road Office Building
QUEENSLAND-based travel agency Flight Centre is bracing itself for a loss, after deciding to sell the St Kilda Road office building it bought and renovated at the peak of the market 16 months ago.
Read moreCadbury, Schweppes split from St Kilda Road
A LONG-STANDING tenancy agreement by confectionery giant Cadbury, to one of St Kilda Road’s first and biggest office buildings, is over.
Read moreSymbion Health Relocates to St Kilda Road
HEALTH services provider Symbion Health is the latest tenant to walk the well worn path from Macquarie Office Trust’s 5 Queen Street office building.
Read moreOaks Hotels Secures Hotel Rights at Ubertas 568 St Kilda Road Rhapsody Development
Oaks Hotels & Resorts has secured the rights to 145 apartments at the new Rhapsody development, in St Kilda Road Melbourne.
Read moreWorse Before it Gets Better for St Kilda Road Offices
It is about to get worse before it gets better for the St Kilda Road office market, which is expected to record a sharp increase in vacancies over the next 12 months because of an exodus of tenants.
Read morePlans to Turn Ormond Hall, St Kilda Road, Into Hotel
The bluestone Ormond Hall in St Kilda Road, home to Victoria’s first Belgian Beer Cafe, will become a boutique hotel, under plans by Stockland, the site’s new owner.
Read moreJacky Mulani Buys 570 St Kilda Road
Yet another office building in St Kilda Road has changed hands, this time to an Indonesian-born, West Australian-based private investor.
Read moreGE Real Estate to Sell 553 St Kilda Road
GE Real Estate is banking on the St Kilda Road office market to remain robust, while it flogs a part empty building at #553, known since September 11 2001 as the American Consulate General office.
Read moreSt Kilda Road apartment sells for $2.25m
A luxury three bedroom apartment in St Kilda Road complex home to radio personalities Derryn Hinch and Andy Lee, also
Read moreAnother St Kilda Road Office Building For Sale
Queensland-based fund manager Sunsuper will make a nifty profit from the sale of a St Kilda Road office building it bought at a trough in the market ten years ago.
Read moreFlight Centre Pays $31.3 Million For St Kilda Road Office Building
Travel company Flight Centre has out-muscled institutions and private investors to purchase a St Kilda Road office building that it plans to make the base of its Melbourne operations.
Read moreDB RREEF Buys St Kilda Road Office Building for $65.5 Million
DB RREEF, on behalf of its direct property mandate with AXA Wholesale Australia Property Fund (WAPF), has acquired an office building at 441 St Kilda Road, Melbourne, for $65.5 million.
Read moreWhat to do with St Kilda Road…
St Kilda Road will always be remembered as the precinct to pioneer high rise apartment living in this city. Dotted in amongst the retained mansions, and tired old office buildings, are some of the most prominent apartment towers in Melbourne – including the Kingstoun, Yve – and Melburnian.
Read moreMyer Family Corporation May Buy St Kilda Road Office Building
The Myer Family Corporation is believed to have outbid listed property institutions and other cashed up private investors for one of the best located office buildings in St Kilda Road.
Read moreUbertas Buys St KIlda Road Office Building, Plans Luxury Apartments
Boutique apartment developer Ubertas has made its second foray into the St Kilda Road market, picking up the former Roche Brothers building at 568 St Kilda Road, for a price believed to be more than $15 million.
Read moreChallenger Could Sell St Kilda Road Office Building
Challenger could sell a St Kilda Road “problem building” it bought just five years ago, if the price is right.
Read moreTelstra Leases Former Oracle Office at 324 St Kilda Road
Telecommunications giant Telstra has swooped in on almost 8000 square metres of St Kilda Road office space, recently vacated by IT-group Oracle.
Read moreBesen Family to Build St Kilda Road Apartment Building
Melbourne business squillionaires the Besen Family are turning their hand to residential property development, converting what was believed to be the first high-rise office building in St Kilda Road, into luxury apartments.
Read moreHealthscope to Lease 4800 square metres at 312 St Kilda Road
Australian Stock Exchange listed healthcare operator Healthscope has given the St Kilda Road office market a clean bill of health, confirming it will lease about 4800 square metres of A-grade office space at the Gateway building at 312 St Kilda Road.
Read moreNew St Kilda Road Apartment Record
An undisclosed international business identity has paid a record $8.59 million for a luxury St Kilda Road apartment.
The sale price eclipses the $8.325 million record set by Wimbledon ace Lleyton Hewitt in 2005, for the Yve penthouse on levels 19 and 20, at 576 – 578 St Kilda Road.
Read moreKador Group to Sell 312 St Kilda Road Office Building
Less than a month after securing ASX-listed healthcare operator Healthscope as a major tenant at its Gateway office building at 312 St Kilda Road, property owner Kador Group has put the asset on the market.
Read moreMore apartments for St Kilda Road
When will the options for an inner city apartment end?
With Melbourne’s recent trend of building up, rather than out – another inner city apartment tower has started construction, this time in St Kilda Road.
Read moreSt Kilda Road’s Yve Apartment Tower Wins Award
The distinctive Yve apartment project on St Kilda Road has won the 2006 Victorian Architect Medal, in a ceremony held on Friday night at the National Gallery of Victoria.
Read moreVision Australia to Sell Heritage Listed St Kilda Road Headquarters
VISION Australia has put its heritage-listed Royal Victorian Institute for the Blind property on the market, in an expression of interest campaign that could reap the organisation about $20 million. The 1.5-hectare property at 557-563 St Kilda Road, on the corner of Moubray Street, is identified by an imposing four-level, bluestone building, part-leased to the Belgian Beer Cafe.
Read moreMary Coustas Sells Waterfront St Kilda Road Apartment
COMEDIAN and actress Mary Coustas sold her beachfront apartment before a scheduled auction last weekend, for an undisclosed amount believed to be around $660,000.
Read moreSt Kilda Road Airlie Mansion to Get High Rise Apartment Backdrop
THE Deague family’s Asian Pacific Building Corporation has swooped on a St Kilda Road site marked for residential development, in a deal worth more than $12 million.
Read moreColin Cookes Forks Out $7 Million For Royal Domain Tower Apartment, St Kilda Road
BUSINESS identity Colin Cookes is believed to be the mystery buyer of a $6.8 million apartment in the Royal Domain Towers, on St Kilda Road.
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Sydney police station sells for $17m
A local investor has splashed out $16.75 million for a four level police station in Sydney’s west. The result for
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Ex-Fosters chief lists lux Melbourne apartment
Former Fosters chief executive officer Peter Bartels – who owns the Victorian ‘1’ number plate, speculated to be worth over
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Kogan founder invests again in Toorak
Kogan founder Ruslan Kogan is understood to be buying another Toorak property. The side by side homes on one title
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Fund managers list similar offices with very different price hopes
After a mooted deal earlier this year fell through, Australian Unity has listed a major Melbourne asset – the final
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Trophy Maples department store for lease after renovation
A unique trophy office – in terms of character, fit-out and location – has hit the rental market after a major
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Melbourne’s “most Instagrammable” childcare centre for pre-lease
With demand said to be strongest for premium fit-out childcare centres – from operators, guardians and client children – one,
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Office vacancy up as supply outstrips demand again
It is still a tenant’s market with vacancy up in almost all major city, fringe and suburban office regions, according
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Auction house pays $20m for stately Toorak mansion
EXCLUSIVE Former lord mayor Gary Singer and his husband, Geoffrey Smith, have purchased a 47 bedroom Toorak mansion for their
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Ex-deputy lord mayor flips historic Eildon mansion
After snapping up Toorak’s Darnlee mansion, Smith & Singer directors, former deputy lord mayor Gary Singer and his husband, Geoffrey
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