Author: Marc Pallisco

The former Armadale premises of antiques and art auction house Mossgreen, which entered administration late last year, is for lease. The historic building at 926-930 High Street (pictured top, left and bottom), formerly the Armadale Picture Theatre, only sold to Melbourne QC John Karkar 14 months ago. Recently refurbished, the double storey Art Nouveau complex

Seven retail assets on the ground floor of a Mill Park apartment complex, construction of which has just begun, sold for more than $5 million within a week of the campaign being launched. The Olea development (artist’s impression, top) is proposed by joint venture partners Gibson Property Corporation and Roche Property Group. Olea is the

The Floridia Italian Social Club has listed for sale its long-time Flemington base. The historic property (pictured top, left and bottom), built in 1913 as the Kensington Masonic Lodge, but occupied for more than 40 years as the Floridia Club, is expected to sell for between $4 million and $4.5 million. Broker Holly Owen of

A cold storage complex on three hectares of land over two streets in Melbourne’s west has sold for $15.1 million. The investment, spread across five titles and covering the addresses known as 5-17 Leslie Road and 6-10 Pipe Road, Laverton North, is trading to listed agricultural company Wingara Ag Limited. Austco Polar Cold Storage –

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

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

InterContinental Hotel Group – the British-based parent of Holiday Inn & Suites – has signed a management agreement for a proposed Ringwood building which, when complete in about 2020, will be the tallest building in the municipality of Maroondah. The 16-level complex at 301 Maroondah Highway, about 20 kilometres east of the CBD, is being

The Andrews government has selected a preferred site for the new $1.5 billion Footscray Hospital near that suburb’s border with Flemington and Kensington. The announcement, made over the weekend, means the existing Footscray Hospital between Gordon and Eleanor streets is likely to be sold off for housing after closing in 2025. If re-elected, the state

Members of the wealthy Munz family are selling a renovated mansion in the street widely considered to be Toorak’s best. The vendors can expect to bank between $11.5 million to $12.5 million for 56 Albany Road (pictured top and left) – a home owned for more than 50 years by celebrity dentist, the late Dr

It is arguably South Yarra’s best development site, but most locals wouldn’t realise it was there. Airspace, atop rail lines across the road from the South Yarra train station, is set to make way for a mixed-use complex and park, following approval by the City of Stonnington council. Henderson Toorak Road Consortium (HTRC) which is

Dunlop Flooring has signed a seven-year lease deal for a purpose-built warehouse in Melbourne’s west. The Prime-grade quality investment (artist’s impression, top), which is speculated will have an end value of more than $13 million once complete, includes 9100 square metres of area. Dunlop Flooring is understood to be paying face rent of $84 per

Three prime properties in the Box Hill area found buyers this week, in deals speculated to be worth a total of about $55 million. At 27 Market Street, Box Hill, a strip shop rising three storeys and with upper level offices – sold before a crowd of more than 200 at auction on Thursday for

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

Two retail investments on the ground floor of the two-year old MY80 apartment tower in the Melbourne CBD have sold for $6.47 million. The fully leased assets (pictured top, left and bottom) traded to one buyer. Based on the combined annual net rental return of $293,722, the deal is being sealed on a 4.5 per

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.