Author: Marc Pallisco

Mirvac has applied to replace Australian Federal Police’s long-time and low-rise Victorian headquarters – 383 La Trobe Street, near the former Royal Mint, in Melbourne’s CBD – with a 31-storey office. Designed with terraces – a feature making its way into Australian commercial building proposals increasingly since last year – the tower will contain 44,000

Coles Group has pre-committed to two high-tech distribution centres at Charter Hall Prime Industrial Fund (CPIF) owned estates in Melbourne and Sydney. The agreements, for a combined lettable area of 60,000 square metres, come six months after Charter Hall Group reset and extended leases to the same tenant, affecting Adelaide and Perth warehouses measuring a

Flight Centre is following through on its post COVID-19 action plan to unlock equity and continue trading – selling its St Kilda Road headquarters, in Melbourne, for $62.15 million. The ASX-listed retailer, hard hit by the near-halt in travel, has also completed a $700m capital raising. It paid $31.3m for 436 St Kilda Road in

Banyule City Council is selling one of three ex-schools acquired from the Napthine government in 2012. The former Banksia Latrobe Secondary College at 232 Banksia Street, Bellfield, is expected to trade for more than $25 million, but this couldn’t be confirmed. Colliers International’s Hamish Burgess, Robert Papaleo and Joe Kairouz are marketing the 2.21 hectare

A West Footscray childcare centre investment could become the eighth in Melbourne to sell for an eight figure sum. The Agosta family, owner of Nino Early Learning, is offering the new facility, 282-288 Geelong Road, with a 20-year leaseback. At the Robbs Road V-intersection, the complex replaced a commercial building and standalone dwellings – a

The Alter family is seeking to fill an imposing Melbourne office it acquired for $41 million in 2018 knowing it would be vacated this year. On a 5927 square metre site abutting the Yarra River, in inner north east Abbotsford, the complex has been given a new name – Trenerry Workport – and its former

Australian Unity has banked $72 million selling a high-quality Carlton office majority tenanted to the state government’s Environment Protection Authority. Realmont Property Partners, on behalf of Japanese Fortune Global 500 telco NTT Group (Nippon Telegraph and Telephone Corporation) picked up 200 Victoria Street on a 4.92 per cent yield. The off-market deal for the seven

Two standalone houses on spectacularly located sites near both Frankston’s beach and business district have been permitted to make way for a high end nine-storey apartment complex. Frankston City Council approved Urban DC’s Horizon proposal for 1-2 Plowman Place last month. With 79 dwellings and a curved façade, the complex was penned by Elenberg Fraser

Another Melbourne business is expanding following federal government social distancing measures introduced last month. GYM Plus, an online sports equipment retailer, has leased a newly completed industrial duplex at 22 Furlong Street, Cranbourne West, 40 kilometres south east of the city. The 1114 square metre complex will replace a 350 sqm premises at 19 Cornhill

Three days after 4Cyte Pathology inquired to rent a recently vacated medical centre in Dandenong, it had signed a lease agreement and received the keys. Facey Commercial’s Ian Kilgour said the occupier needed more space, urgently. Its new premises at 154 Cleeland Street was until recently occupied as Casey Family Clinic. On a 586 square

EXCLUSIVE A consortium with experience developing properties anchored by fuel and fast food tenants has sold Mernda Convenience Centre for $13.1 million. James Hunt, Brett Tooley and Jim Lamb only completed construction of the facility this year. The asset includes 1409 Plenty Road, Mernda, a 3404 sqm block with a service station tenanted to Caltex