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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