KordaMentha has sold a Cheltenham development site which failed developer Steller had earmarked for a nine-storey building. The administrator is speculated to be banking about $6 million disposing of 9-21 Station Road and 23 and 23A Station Road, but this could not be confirmed. Covering a 1645 square metre corner block, the offering was configured

EXCLUSIVE In an unusual deal, Calvary Health Care Bethlehem has snapped up a Parkdale hospital it only recently agreed to rent temporarily. The healthcare service and accommodation provider is paying $10.2 million for 152 Como Parade West, about 20 kilometres south of the Melbourne CBD. Formerly owner occupied by Healthscope, which was the client selling

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 metre holding comprising 1036 Glen Huntly Road and 1A Laura Street is trading for $4.71 million. Steller paid $4.3 million for what was two neighbouring standalone homes last year, before pushing through the redevelopment application.

Steller receivers are set for another eight-figure payday with the listing of an enormous parcel of land in Melbourne’s south east Oakleigh. The 6327 square metre offering, covering the addresses of 771-781 Warrigal Road and 1-9 Allen Street, is expected to sell for more than $13 million according to sources. The block comes permit-ready for

The St Kilda site which until 2017 accommodated the 164-year Greyhound Hotel sold to a developer for $6.25 million on Friday. It was offered by receiver KordaMentha, seeking to recover debts from the owner, Steller, which was put into receivership in July. Steller paid $7.5 million for the cleared St Kilda site at 1 Brighton

EXCLUSIVE McGrathNicol has sold a high-profile Frankston development site until recently controlled by Steller, which went into receivership in July. The 3301 square metre plot at 6-12 Davey Street – just over a hundred metres from the beach – was between 2014 and 2018 set to make way for a 17-storey apartment building, which would

Another Steller site now controlled by a mortgagee is for sale – this time in Melbourne’s northern suburb of Preston. The 1.83 hectare block at 22 Wood Street is adjacent to the Northland Shopping Centre, owned by GPT Group and Vicinity Centres. It’s eastern boundary abuts parkland around Darebin Creek – which is also the

A string of sites once controlled by failed developer Steller have been listed for sale in recent weeks by receivers. In the south east Melbourne suburb of Cheltenham, a 1371 square metre corner site covering 9-21 Station Road and 23 and 23A Station Road, is the latest. The holding is configured with seven strata titled

A cleared Richmond block of land, which failed developer Steller won approval to replace with a mixed-use complex containing offices and apartments, was listed for sale this week. The holding (pictured, top) is one of seven being put to the market by administrator McGrathNicol, representing Asian financier OCP which is said to be owed more

A Rosebud development site, which developer Steller agreed to buy three years ago – but never settled on – is for sale again. The 2.44 hectare parcel at 110 Elizabeth Drive is expected to trade for more than $7.5 million. Also with frontage to Rosebud Avenue, the rectangle shaped block is being targeted to builders.

Another site controlled by failed developer Steller has hit the market. The St Kilda block at 1 Brighton Road accommodated the Greyhound Hotel (pictured bottom, right), which was razed two years ago, after standing 164 years. Steller acquired the 911 square metre parcel for $7.5 million in late 2017. The site came with a permit

A landmark Rosebud property acquired by failed developer Steller for $7 million in 2016 has been sold at a loss. A Mortgagee in Possession auction for 310-330 Jetty Road this week recovered $4.65 million. The 22.3 hectare parcel with three residences, including a sprawling eight bedroom homestead, also offers a helipad and the infrastructure (barn,

EXCLUSIVE The City of Glen Eira has rented all of the Caulfield East office recently vacated by failed developer, Steller. The double-storey building at 840 Dandenong Road is owned by the Zagame family, of hospitality fame. Colliers International launched a leasing campaign in June – about two weeks before Steller was put into receivership. Steller

Aged care accommodation provider Ryman Healthcare has acquired its 11th Melbourne site in five years. The listed New Zealand based company is paying failed developer Steller $28.5 million for the 1.2 hectare block in Highett (pictured, below), about 16 kilometres south-east of the city centre. Steller paid $20 million for the site in two tranches

EXCLUSIVE A Balaclava patch of dirt controlled by local developer Steller, which went into receivership last month, has sold for a speculated price of close to $2 million. The site (pictured, outlined, top) last traded for $2.375 million in August 2017 – about a month before the peak of Melbourne’s last property cycle. At 60-62

EXCLUSIVE Steller’s Caulfield East headquarters is for rent. The developer, which is winding down in high-profile circumstances, only recently moved into the newly renovated office at 840 Dandenong Road, after signing a long-term lease. The curved, glass building, owned by the Zagame family, was previously occupied by Glenvill Homes. Steller rented it following this Colliers

EXCLUSIVE Steller has sold an office investment in Highett, about 16 kilometres south-east of the Melbourne CBD. The two-storey building at 260-264 Highett Road traded for $3.375 million following a campaign managed by Gross Waddell’s Alex Ham and Andrew Greenway, who both declined to comment. Based on the complex’s annual rental return, the deal is

While executives winding down the troubled Steller business return calls to the agents who are marketing their properties for sale – it appears they are putting off correspondence from others, who they owe money to. Steller has vacated a Moorabbin warehouse just six months into its lease and is not communicating with the property manager,

EXCLUSIVE Another day and another development site controlled by troubled builder Steller is for sale. This time in East Keilor – metres from the Essendon border – a hillside block overlooking Steele Creek is expected to trade for between $7.3 million and $8 million. Steller applied, but had not yet received permission, to build 47