AEU to bank c$20 million from sale of riverside Melbourne site it recently had rezoned

The Australian Education Union Victorian branch is selling one of two adjoining properties it owns on the banks of the Yarra River in Melbourne’s inner north-east suburb of Abbotsford. At 112-124 Trenerry Crescent, the 4735 square metre plot includes a four-storey red-brick warehouse built in 1927, known as the Austral Silk and Cotton Mills, which

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News Corp Australia sells Leader HQ in Melbourne’s Blackburn for $30.2 million

Vantage Property Investments has paid $30.2 million for the Blackburn headquarters of Melbourne’s Leader newspaper group. News Corp Australia reported the disposal of its asset, 1 Chapel Street, in the Herald Sun. The deal for the investment, which contains a 6059 square metre office (pictured, top) part-leased to Leader, was made months after Vantage Property

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Third time lucky for Starwood Capital with $480 million bid for Australian Unity Office Fund

It may be third time lucky for Starwood Capital in its attempt to buy the Australian Unity Office Fund. Following failed bids in March and July, the US-based investment group is offering $2.95 per unit – equating to $480 million – for the fund which controls nine assets across the country. The latest offer represents

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LMW in $10.3 million takeover bid for valuer Taylor Byrne Holdings

ASX-listed property advisory group LandMark White Limited has offered $10.3 million cash and scrip takeover bid for Brisbane-based valuer Taylor Byrne Holdings. The purchase – which would need to be approved by Taylor Byrne shareholders and the Australian Securities and Investment Commission, would give LMW access to 25 more offices throughout Queensland and New South

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Strategic Bacchus Marsh development site expected to sell for c$20 million

An opportunity to help double the population of the Melbourne township of Bacchus Marsh has arisen, with a private landowner listing a 107-hectare parcel with the potential to be subdivided into more than 1300 house blocks. The site, about 45 kilometres north-west of the CBD, is included within the Victorian Planning Authority’s Merrimu Precinct Structure

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Home of AFL footy cards sells

Agents found a buyer for the home of AFL footy cards this week. In the Prahran pocket of Windsor, the property in McIlwrick Street (pictured top, left and bottom) passed in at auction last month for $2.81 million. It had a price guide during the marketing campaign prior of between $3 million and $3.1 million.

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