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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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News Retail Victoria 

Pitard sells new Melbourne gym

May 31, 2024May 31, 2024 Marc Pallisco

A strata titled gym – a 1148 square metre piece of Pitard Group’s recently completed Elsternwick Village Apartments building, in Melbourne’s

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News Residential Victoria 

Deague, Speer double money in Portsea

May 4, 2024May 4, 2024 Marc Pallisco

Camilla Speer, the daughter of prominent property developer and investor David Deague, and her husband, Affinity Equity Partners head Nick,

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Essential services News Residential Victoria 

Calvary lists ex-hospital

September 7, 2023September 9, 2023 Marc Pallisco

Calvary Health Care has listed a Parkdale hospital bought as temporary accommodation while it rebuilt a Caulfield South site as

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News Residential Victoria 

Grand estate listed after Soho House resort plan scuppered

February 15, 2023February 26, 2023 Marc Pallisco

Trenerry Property Group, Victor Smorgon Group and the Kanat family are selling South Yarra’s landmark Poolman House after plans to

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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, 2021August 15, 2024 Marc Pallisco

Dexus has made the first investments for its Real Estate Partnership (DREP1), an opportunity 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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News Victoria 

Bentleigh East bowls club for sale

May 7, 2021May 7, 2021 Marc Pallisco

South Oakleigh Bowls Club is selling its prime Bentleigh East site after winding up. The 5145 square metre parcel at

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News Victoria 

Metro snaps up two more Melbourne housing sites

March 24, 2021March 25, 2021 Marc Pallisco

Metro Property Developments has snapped up two more Melbourne housing sites – at Ascot Vale and Point Cook. The deals

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News Victoria 

Thermomix leases Moorabbin Airport warehouse from Goodman

October 16, 2020October 16, 2020 Marc Pallisco

After a metropolitan-wide search, Thermomix will move into a modern office/warehouse owned by Goodman at Moorabbin Airport’s Chifley Business Park.

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News Victoria 

Development Victoria offers last piece of Valley Lake

July 23, 2020July 24, 2020 Marc Pallisco

Twenty years after Development Victoria acquired the former Niddrie Quarry to replace with the Valley Lake housing estate, it is

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News Victoria 

Balaclava home of Red Scooter for sale

May 26, 2020June 1, 2020 Marc Pallisco

Postscript: the property sold on May 28, 2020 – two days after this story ran. Balaclava warehouse-turned-reception centre Red Scooter

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News Victoria 

Nine level apartment project approved opposite Frankston Oval

April 30, 2020February 11, 2021 Marc Pallisco

A house and block of villa units covering a spectacularly located site near both Frankston’s beach and business district will

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News Victoria 

Russell Knowles sells Portsea’s clifftop Rovina to Deague family for c$13.5 million off market

April 21, 2020April 30, 2020 Marc Pallisco

EXCLUSIVE Aged care accommodation entrepreneur Russell Knowles – the father-in-law of Steller co-director Simon Pitard – has sold a distinctive

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News Victoria 

Victorian government allocates $80 million-plus to recommission hospital wards

March 24, 2020March 24, 2020 Marc Pallisco

The Victorian government will spend more than $80 million recommissioning hospital wards to create 129 beds – part of a

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News Victoria 

Sorrento’s Continental Hotel for sale as “clean proposition” by receiver PKF

March 11, 2020March 12, 2020 Marc Pallisco

Sorrento’s Continental Hotel on Victoria’s exclusive Mornington Peninsula is on the market for the third time in four years. Being

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News Victoria 

Rosebud caravan park sells to townhouse developer

January 30, 2020February 5, 2021 Marc Pallisco

Piermont Group has paid $6.4 million for the former Carrington Caravan Park at Rosebud. The 110 Elizabeth Drive property is

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News Victoria 

Historic, high-profile Balaclava corner building sells for $7.5 million at hot auction

November 29, 2019November 30, 2019 Marc Pallisco

A high-profile, historic red brick building within Balaclava’s popular Carlisle Street retail strip sold at auction last week for $7.5

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News Victoria 

Julian Gerner seizes control of Sorrento’s Continental Hotel, proposes $100 million commercial-only redevelopment

October 17, 2019October 18, 2019 Marc Pallisco

EXCLUSIVE After a saga he can now put away to the last chapter, restaurateur Julian Gerner has seized control of

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News Victoria 

Julian Gerner offloads Sorrento’s Continental Hotel for c$21 million: sources

September 5, 2019September 8, 2019 Marc Pallisco

Sorrento’s Continental Hotel is selling for about $21 million, according to industry sources. The historic site – currently a construction

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New South Wales News Queensland Western Australia 

Settlers Group enters voluntary administration

September 3, 2019 Marc Pallisco

Retirement village operator Settlers Group is the latest Australian property company to enter voluntary administration. On August 28, the company

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New South Wales News 

Sydney’s Ralan Group collapses

August 5, 2019August 5, 2019 Marc Pallisco

Ralan Group is the latest Australian property developer to collapse. The Sydney-based apartment builder is reportedly $500 million in the

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News Victoria 

Zagame family offers prominent Abbotsford office for lease after swank refurbishment

July 5, 2019July 5, 2019 Marc Pallisco

EXCLUSIVE Five months after paying the Australian Education Union Victorian division $21 million for one of Abbotsford’s highest character buildings,

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News Victoria 

Nicson Property Group goes into liquidation

June 20, 2019June 21, 2019 Marc Pallisco

Nicson Property Group is the latest Melbourne developer to fold. A Notice of Winding Up Order was mandated by the

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News Victoria 

Sorrento’s troubled Continental Hotel development for sale

June 13, 2019June 30, 2019 Marc Pallisco

EXCLUSIVE Sorrento’s Continental Hotel is for sale, again. The property is a construction site – and an empty one at

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News Victoria 

Canny Builders enters voluntary administration

May 28, 2019May 30, 2019 Marc Pallisco

Prestige Melbourne developer Canny Builders has entered voluntary administration and ceased trading. Company director Damian Canny called in accounting firm

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News Victoria 

Nicholas Smedley pays nearly $1 million to walk away from $9 million luxury home purchase

May 16, 2019May 16, 2019 Marc Pallisco

Besieged developer Nicholas Smedley is paying close to $1 million to walk away from the $9 million purchase of a

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News Victoria 

Sorrento’s Continental Hotel redevelopment postponed

April 29, 2019January 31, 2021 Marc Pallisco

EXCLUSIVE The highly publicised renovation and extension of Sorrento’s Continental Hotel has paused due to market factors. Site owner, Continental

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News Victoria 

Healthscope sells Kew’s former Cotham Private Hospital to apartment builder Hamton

December 13, 2018December 19, 2018 Marc Pallisco

ASX-listed Healthscope has sold the recently closed Cotham Private Hospital, in Melbourne’s blue-ribbon suburb of Kew. The sale price is

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News Victoria 

South Melbourne office sells to Andrew Fox for $5.2 million

October 19, 2018October 20, 2018 Marc Pallisco

Executives associated with land surveyors Bosco Jonson – which in March adopted the business name Veris Limited – have sold

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