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News Victoria 

Steller receivers sell East Keilor bluff

May 29, 2020June 21, 2020 Marc Pallisco

EXCLUSIVE KordmaMentha, representing creditors for failed developer Steller, has sold a creek-side East Keilor block adjacent to the Essendon border.

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News Victoria 

KordaMentha sells Cheltenham block formerly controlled by Steller

March 6, 2020March 9, 2020 Marc Pallisco

KordaMentha has sold a Cheltenham development site which failed developer Steller had earmarked for a nine-storey building. The administrator is

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News Victoria 

Steller receivers sell Parkdale hospital to tenant for $10.2 million

January 31, 2020February 4, 2020 Marc Pallisco

EXCLUSIVE In an unusual deal, Calvary Health Care Bethlehem has snapped up a Parkdale hospital it only recently agreed to

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News Victoria 

Steller receivers sell Caulfield South childcare centre site mid-construction

December 6, 2019December 9, 2019 Marc Pallisco

Steller receivers have sold a high-profile corner site in Caulfield South, permit-ready for a state-of-the-art childcare centre. The 1328 square

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News Victoria 

Steller receiver McGrathNicol lists $13 million-plus Oakleigh site

November 25, 2019November 25, 2019 Marc Pallisco

Steller receivers are set for another eight-figure payday with the listing of an enormous parcel of land in Melbourne’s south

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News Victoria 

St Kilda’s Greyhound Hotel site reaps $6.25 million for Steller receiver

November 24, 2019November 24, 2019 Marc Pallisco

The St Kilda site which until 2017 accommodated the 164-year Greyhound Hotel sold to a developer for $6.25 million on

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News Victoria 

Steller receiver banks c$6.5 million from site earmarked for Frankston’s tallest tower

November 22, 2019November 24, 2019 Marc Pallisco

EXCLUSIVE McGrathNicol has sold a high-profile Frankston development site until recently controlled by Steller, which went into receivership in July.

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News Victoria 

Steller site in Preston listed by KordaMentha

November 8, 2019November 14, 2019 Marc Pallisco

Another Steller site now controlled by a mortgagee is for sale – this time in Melbourne’s northern suburb of Preston.

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News Victoria 

Adjoining Steller blocks in central Cheltenham put up for sale by KordaMentha

November 1, 2019March 6, 2020 Marc Pallisco

A string of sites once controlled by failed developer Steller have been listed for sale in recent weeks by receivers.

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News Victoria 

McGrathNicol offers permit-ready Steller site

November 1, 2019February 11, 2021 Marc Pallisco

A Richmond block which Steller was approved to replace with an office and apartment complex, was listed for sale this

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News Victoria 

Rosebud development site for sale again after Steller failed to settle

October 23, 2019October 23, 2019 Marc Pallisco

A Rosebud development site, which developer Steller agreed to buy three years ago – but never settled on – is

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News Victoria 

Steller receivers seek to sell St Kilda’s former Greyhound Hotel site

October 16, 2019October 16, 2019 Marc Pallisco

Another site controlled by failed developer Steller has hit the market. The St Kilda block at 1 Brighton Road accommodated

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News Victoria 

Rosebud farm offloaded at a loss on behalf of Steller

October 15, 2019October 15, 2019 Marc Pallisco

A landmark Rosebud property acquired by failed developer Steller for $7 million in 2016 has been sold at a loss.

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News Victoria 

City of Glen Eira rents Zagame family office recently vacated by failed developer Steller

September 16, 2019September 17, 2019 Marc Pallisco

EXCLUSIVE The City of Glen Eira has rented all of the Caulfield East office recently vacated by failed developer, Steller.

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News Victoria 

Ryman Healthcare pays Steller $28.5 million for Highett site

September 3, 2019 Marc Pallisco

Aged care accommodation provider Ryman Healthcare has acquired its 11th Melbourne site in five years. The listed New Zealand based

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News Victoria 

Steller sells Balaclava site at a loss

August 11, 2019August 12, 2019 Marc Pallisco

EXCLUSIVE A Balaclava patch of dirt controlled by local developer Steller, which went into receivership last month, has sold for

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News 

Steller goes into receivership

July 5, 2019July 5, 2019 Marc Pallisco

Singapore and Hong Kong based hedge fund OCP Asia has called in receivers McGrathNicol Restructuring to recover money from Melbourne

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News Victoria 

Steller’s Caulfield East HQ for rent “immediately”

June 20, 2019June 22, 2019 Marc Pallisco

EXCLUSIVE Steller’s Caulfield East headquarters is for rent. The developer, which is winding down in high-profile circumstances, only recently moved

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News Victoria 

Steller sells Highett block for $3.4 million

June 20, 2019June 20, 2019 Marc Pallisco

EXCLUSIVE Steller has sold an office investment in Highett, about 16 kilometres south-east of the Melbourne CBD. The two-storey building

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News Victoria 

Landlord offers Moorabbin warehouse for rent after Steller goes MIA

June 18, 2019June 28, 2019 Marc Pallisco

While executives winding down the troubled Steller business return calls to the agents who are marketing their properties for sale

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News Victoria 

Steller lists East Keilor townhouse site overlooking Steele Creek

June 14, 2019June 18, 2019 Marc Pallisco

EXCLUSIVE Another day and another development site controlled by troubled builder Steller is for sale. This time in East Keilor

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News Victoria 

Steller changes strategy following construction funding woes

May 2, 2019January 31, 2021 Marc Pallisco

EXCLUSIVE One of Melbourne’s newest and fastest growing privately-held developers is suffering a fall-from-grace – and substantially revising its building

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News Victoria 

Steller retains St Kilda’s former Greyhound Hotel site

August 29, 2018August 29, 2018 Marc Pallisco

Developer Steller will retain a controversial St Kilda block it listed for sale last month. The site of the former

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Hotels News Office Victoria 

Building which replaced Port Melbourne’s London Hotel for sale

March 18, 2022March 18, 2022 Marc Pallisco

Developer Gary Busuttil is selling a three level commercial asset constructed on the site of the London Hotel, which was

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Essential services News Victoria 

Ryman snaps up three more sites

December 10, 2021December 13, 2021 Marc Pallisco

Ryman Healthcare is on track to becoming Victoria’s biggest aged care and retirement living provider after snapping up two more

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News Residential Victoria 

RCH lists Preston house with development upside

November 17, 2021November 17, 2021 Marc Pallisco

A Preston home with development upside, bequeathed to the Royal Children’s Hospital, is for sale. On 503 square metres, 82

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Industrial New South Wales News Office Residential Victoria 

Dexus seeds DREP1 with assets in Melbourne, Sydney

November 2, 2021November 5, 2021 Marc Pallisco

Dexus has made the first investments for its Real Estate Partnership (DREP1), an opportunistic fund launched last August. In Melbourne’s

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Hotels News Victoria 

Demons sell Bentleigh pub to developer

September 16, 2021September 18, 2021 Marc Pallisco

As part of plans to exit the gambling industry by next August, Melbourne Football Club has sold a Bentleigh pub

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Essential services News Victoria 

Ryman buys Mulgrave development site

July 30, 2021July 31, 2021 Marc Pallisco

Ryman Healthcare has picked up a development site opposite Mirvac’s master-planned Waverley Park. The 4.7 hectare tract – between 1962-2017

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Land New South Wales News 

Metro spends c$275m on permit-ready sites

May 27, 2021May 28, 2021 Marc Pallisco

Metro Property is continuing to stock its residential development pipeline, spending c$275 million on two permit-ready Sydney blocks. In the

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Latest Podcast Episodes

  • Talking Property with Marc Pallisco – Episode 9 October 18, 2019
  • Talking Property with Marc Pallisco – Episode 8 October 16, 2019
  • Talking Property with Marc Pallisco – Episode 7 October 11, 2019
  • Talking Property with Marc Pallisco – Episode 6 August 12, 2019
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