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Author: Marc Pallisco

News Victoria 

Auction date set for The Block 2018 Gatwick Hotel apartments

September 16, 2018October 28, 2018 Marc Pallisco

WHO WON THE BLOCK 2018: READ OUR STORY HERE… The auctions for the five apartments, the subject of the 14th

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News Victoria 

Collingwood Children’s Farm café may soon serve alcohol

September 16, 2018September 17, 2018 Marc Pallisco

Soon you might be able to get a drink around the Collingwood Children’s Farm – which is actually in Abbotsford.

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New South Wales News 

Billionaire buys Byron Bay home off millionaire

September 15, 2018February 13, 2023 Marc Pallisco

A Melbourne millionaire and billionaire have traded a Byron Bay home. Skilled Group former boss, art collector, Greg Hargrave, offered

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News Victoria 

Glorious Sun pays $18.4 million to snare Balwyn office ahead of auction

September 14, 2018September 17, 2018 Marc Pallisco

Another investment-grade office in Melbourne has sold ahead of schedule. This time, in the leafy eastern suburb of Balwyn, a

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New South Wales News 

Peter Garrett sells inner-city Sydney home and buys in Kangaroo Valley

September 14, 2018September 14, 2018 Marc Pallisco

Midnight Oil front-man and former politician Peter Garrett has acquired a property in Kangaroo Valley, in the Shoalhaven region of

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News Victoria 

Bentleigh childcare centre fetches eight figure sum

September 15, 2018September 15, 2018 Marc Pallisco

Another child care centre in suburban Melbourne has smashed price expectations. The 12-month old Bentleigh complex at 188 Tucker Road

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News Victoria 

Qanstruct sells unique office built into a church

September 14, 2018September 18, 2018 Marc Pallisco

Design and construction company Qanstruct has sold one of the country’s most unusual offices to a Chinese buyer. The former

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News Victoria 

Service station owners sell historic Abbotsford office built into a former shoe factory

September 14, 2018September 14, 2018 Marc Pallisco

Service station owners Avi Silver and Eddie Hirsch have sold an Abbotsford office built into a former shoe factory. The

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News Victoria 

Altona warehouse sells for $7 million in 48-hours off-market

September 15, 2018September 15, 2018 Marc Pallisco

An industrial asset in Melbourne’s west has sold for $7 million just 48 hours after it was touted for sale

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New South Wales News Victoria 

Lendlease spends $86.9 million on industrial assets in Sydney, Melbourne

September 13, 2018September 15, 2018 Marc Pallisco

Lendlease, via its Australian Prime Property Fund, has acquired three industrial investments on Australia’s east coast for an $86.9 million

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News Victoria 

Village lists for sale the biggest drive-in theatre in the southern hemisphere

September 13, 2018September 17, 2018 Marc Pallisco

The biggest drive-in theatre in the southern hemisphere is for sale as an investment with long-term residential redevelopment potential. At

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News Victoria 

Natio HQ in Melbourne sells for $13.7 million

September 13, 2018September 14, 2018 Marc Pallisco

The Melbourne headquarters of beauty products giant Natio (pictured, top, left and bottom) has sold for $13.7 million. The off

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News Victoria 

Harold Mitchell sells South Melbourne office Emerald House for $49 million

September 12, 2018September 13, 2018 Marc Pallisco

Retired advertising veteran Harold Mitchell has sold a premium-grade South Melbourne office for $49 million – nearly 10 per cent

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News Victoria 

China based investor pays $9.6 million for office in Melbourne’s Tally Ho business park

September 12, 2018September 17, 2018 Marc Pallisco

A China-based investor is paying $9.6 million for a modern office in Melbourne’s Tally Ho business park. The double-storey building

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News Victoria 

Probuild founder lists Prahran’s historic former post office

September 10, 2018 Marc Pallisco

Probuild founder and race horse owner Phil Mehrten (pictured, left) is continuing to reweight his property portfolio. The businessman this

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News Victoria 

South Melbourne’s historic George Hotel sells for $5.2 million

September 11, 2018September 12, 2018 Marc Pallisco

The George Hotel, on a high-profile corner block opposite the South Melbourne Market, has sold to a Chinese investor for

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News Victoria 

AXA Investment Managers buying $100 million office within Caydon’s Malt District in Melbourne’s Cremorne

September 11, 2018March 7, 2019 Marc Pallisco

AXA Investment Managers is buying a $100 million unbuilt office within Caydon’s Malt District development, in the riverside Richmond pocket

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News Victoria 

Inner-east Melbourne block sells for $7.1 million following a campaign targeting office developers

September 10, 2018June 12, 2019 Marc Pallisco

Four neighbouring terrace homes, wedged between commercial buildings in Stephenson Street, in the Richmond pocket known as Cremorne, sold for

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A.C.T. News South Australia 

Singapore’s Soilbuild REIT enters Australia with two acquisitions costing a total of $116.25 million

September 11, 2018September 11, 2018 Marc Pallisco

Perth-based Ascot Capital has sold a poultry plant in South Australia and an office building in the Australian Capital Territory

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News Victoria 

JB Hi Fi signs office lease deal in Melbourne’s Southgate

September 11, 2018 Marc Pallisco

JB Hi Fi is moving its office operations to Melbourne’s Southbank. The listed home entertainment retailer has leased 9500 square

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News Victoria 

Developers spend $16 million-plus on suburban Melbourne residential sites

September 11, 2018 Marc Pallisco

Developers splurged more than $16 million on three small residential development sites in Melbourne last week. In the leafy south-east

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News Queensland 

Tytec Logistics snaps up Brisbane industrial site three days after it was offered for lease

September 11, 2018 Marc Pallisco

Tytec Logistics Pty Ltd has leased a major warehouse in the outer western Brisbane suburb of Swanbank for 10 years.

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News Victoria 

VincentCare Victoria set for an $11 million payday from North Melbourne holding

September 11, 2018 Marc Pallisco

VincentCare Victoria could be set for an $11 million payday offloading a North Melbourne holding which will soon be surplus

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News Victoria 

Sunbury’s Penfield Airfield for sale asking $25 million

September 7, 2018 Marc Pallisco

An airfield in Sunbury, in north-west Melbourne, has been listed for sale asking $25 million. The Penfield Airfield was built

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News Queensland 

YMCA buys former Ipswich nursing home

September 10, 2018September 10, 2018 Marc Pallisco

Not for profit community organisation YMCA has paid $1.75 million for a former aged care facility in Ipswich, in south-east

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News Victoria 

South Yarra office sells off-market for $13.5 million

September 9, 2018September 9, 2018 Marc Pallisco

The South Yarra building until recently occupied by serviced office enterprise Osborne Business Centre has sold for $13.5 million. At

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New South Wales News 

Handy Foods pays $13.5 million for Sydney’s Balfour Bakers site

September 10, 2018 Marc Pallisco

Handy Foods has paid $13.5 million for an industrial site in Milperra, about 24 kilometres west of the Sydney CBD.

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New South Wales News 

Sydney’s Fairwater estate could become Australia’s first $100 million residential sale

September 7, 2018 Marc Pallisco

Point Piper estate Fairwater – reportedly the largest block of privately held prime harbourside land in Sydney – was listed

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News Victoria 

Under-utilised Richmond showroom sells to Asian syndicate for $14.8 million

September 6, 2018September 10, 2018 Marc Pallisco

A showroom investment with long-term redevelopment potential in the inner-east Melbourne suburb of Richmond sold at auction today $14.8 million

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News Victoria 

Ringwood development site sells for over $11m

September 6, 2018May 27, 2022 Marc Pallisco

A Ringwood development site has sold for over $11 million. The under-utilised investment covers a land area of 8067 square

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News Victoria 

iProsperity Group buys Melbourne’s Pullman on the Park hotel for a speculated $200 million

September 5, 2018September 6, 2018 Marc Pallisco

Five-star hotel Pullman on the Park, near the Melbourne Cricket Ground, has sold for a reported price of about $200

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News Victoria 

Suburb price record set with $7 million deal for Black Rock home

September 6, 2018April 1, 2022 Marc Pallisco

A contemporary mansion in Black Rock, about 18 kilometres south of the Melbourne CBD, has sold off-market for nearly $7

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News 

Kogan.com to enter the home loan market with Kogan Money

September 5, 2018 Marc Pallisco

Kogan Retail, Kogan Mobile, Kogan Internet, Kogan Insurance and soon – Kogan mortgages. The ASX-listed e-commerce business, founded 12 years

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News Victoria 

Knock-out offer of $18 million snares Asian investor Melbourne’s 363 King Street

September 5, 2018September 6, 2018 Marc Pallisco

A knock-out offer of $18 million has compelled the vendor of a West Melbourne office to sell prior to the

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News Victoria 

Near-new Dandenong office sells for $17.3 million

September 4, 2018September 10, 2018 Marc Pallisco

One of the newest buildings in Dandenong – a suburb which was for generations marketed as Melbourne’s second city –

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News Victoria 

APN Industria REIT buys another Melbourne industrial asset

September 6, 2018September 12, 2019 Marc Pallisco

APN Industria REIT has bought a second Melbourne warehouse in as many months, this time in Derrimut. The listed group,

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News Victoria 

Woolworths assigns lease of redundant Home Timber & Hardware distribution centre

September 4, 2018September 4, 2018 Marc Pallisco

Woolworths has assigned the lease of a modern logistics factory in Melbourne – no longer required since the 2016 sale

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News Queensland 

Charter Hall pays $22 million for Club Hotel in Brisbane’s Waterford West

September 5, 2018September 5, 2018 Marc Pallisco

Charter Hall is paying $22 million for a hotel and retail asset on 1.1 hectares of land in Waterford West,

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News Victoria 

Pelligra buys famous ex-factory

September 4, 2018February 10, 2021 Marc Pallisco

Pelligra Group this week purchased one of Melbourne’s highest profile former factories. The developer plans to replace the 39-hectare ex-Huntsman

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News Victoria 

Frasers Property Australia sells Melbourne industrial asset for $15.7 million

September 4, 2018 Marc Pallisco

Frasers Property Australia has offloaded an industrial asset for $15.7 million – a substantial rise on the $11.7 million book

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News Victoria 

Buyer found for historic Melbourne CBD building once owned by Patricia Ilhan

September 3, 2018September 10, 2018 Marc Pallisco

An investment in the Melbourne CBD owned until 2015 by Patricia Ilhan, the widow of Crazy John founder, John, has

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News Victoria 

Mirvac pays $122 million for Melbourne’s 383 La Trobe Street office

September 3, 2018September 10, 2018 Marc Pallisco

Mirvac is paying $122 million for a Melbourne CBD office it plans to replace with something four times bigger. The

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News Victoria 

Pricey Yarra Bend block under offer

September 3, 2018February 15, 2021 Marc Pallisco

An unusual Kew block abutting Yarra Bend Park is under offer a month after it was listed. The 5297 square

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News Victoria 

Victorian Liberal Party to sell HQ of 42 years

August 31, 2018September 5, 2018 Marc Pallisco

The Victorian division of the Liberal Party is readying to sell its Melbourne CBD headquarters. According to well-placed sources, the

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News Victoria 

Lucky family banks $12.8 million selling two Melbourne CBD investments

August 31, 2018August 31, 2018 Marc Pallisco

A lucky family has banked a total of $12.8 million from the sale of two Melbourne CBD assets this month.

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News Victoria 

Vacant office in Melbourne’s Canterbury sells for c$7 million

August 31, 2018September 8, 2018 Marc Pallisco

A vacant office building in Melbourne’s blue-ribbon eastern suburb of Canterbury has sold for a speculated price of about $7

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News Victoria 

Family offloads row of Box Hill shops held for more than 40 years

August 31, 2018September 3, 2018 Marc Pallisco

A row of shops in Melbourne’s Box Hill, owned by the same family for more than 40 years, sold yesterday.

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News Queensland 

QIC to sell a $2 billion-plus portfolio of properties on Australia’s east coast

August 30, 2018August 30, 2018 Marc Pallisco

Queensland Investment Corporation is preparing to offer a portfolio of assets worth more than $2 billion on Australia’s east coast.

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News Victoria 

Hotel St Regis signs up to Melbourne’s $800-million Flinders Bank development

August 29, 2018August 29, 2018 Marc Pallisco

World renowned luxury inn St Regis Hotels and Resorts, which is owned by Marriott International, will open its first Australian

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News Victoria 

West Melbourne office fetches c$22 million

August 29, 2018August 29, 2018 Marc Pallisco

An inner-city Melbourne office designed by the late and bold architect Ermin Smrekar, is understood to be selling for a

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News Victoria 

Goulburn Valley Intensive Farms sells for $10.6 million with vacant possession

August 29, 2018August 29, 2018 Marc Pallisco

Two broiler farms, covering 147 hectares of land in central Victoria have sold for $10.62 million. The Goulburn Valley Intensive

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News Victoria 

Vision Australia banks an enormous profit with c$35m sale of Melbourne HQ

August 29, 2018August 29, 2018 Marc Pallisco

Vision Australia has sold an inner-Melbourne office for a speculated price of about $30 million to $35 million – a

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News Victoria 

Armadale store recently vacated by celebrity occupants, re-rented

August 29, 2018August 29, 2018 Marc Pallisco

The Armadale shop where former footballer Chris Judd and his wife, television presenter, Rebecca (pictured, top), opened their first Jaggad

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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 Victoria 

Two iconic Abbotsford buildings for sale targeting developers

August 29, 2018August 29, 2018 Marc Pallisco

Carlton & United Breweries may be watching with interest what becomes of two sale campaigns launched last week for iconic

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News Victoria 

EG Funds Management secures Brisbane CBD office for $46.2 million

August 28, 2018 Marc Pallisco

EG Funds Management is paying $46.2 million for an office in Brisbane’s legal precinct. The CBD asset at 95 North

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News Victoria 

Singaporean developer snares prime corner in Melbourne’s Preston

August 28, 2018September 3, 2018 Marc Pallisco

A Singaporean developer has swooped on a commercial asset at one of Melbourne’s busiest intersections which was marketed permit-ready for

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News 

WeWork on track to become Manhattan’s biggest office tenant

August 28, 2018August 28, 2018 Marc Pallisco

The boom in co-work office accommodation is not exclusive to Australia. According to research from global real estate agency Cushman

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News Queensland 

Crown Development Group pays $35m for Computershare’s former Brisbane office

August 28, 2018 Marc Pallisco

Crown Development Group has paid $35 million for a 1.25 hectare development site in Brisbane’s inner west. The acquisition of

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News Victoria 

Myer family sells suburban Melbourne asset for $25.5 million

August 27, 2018September 20, 2018 Marc Pallisco

Postscript: this property was reported as sold by The Australian on September 20, 2018. The incoming owner, a first-time investor

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News Victoria 

Ahmed Fahour to retain Invergowrie

August 25, 2018July 9, 2021 Marc Pallisco

Ahmed Fahour – who was until recently Australia’s highest paid public servant – has withdrawn Hawthorn’s landmark Invergowrie from sale.

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News Victoria 

Paul Little teams with property owner to redevelop prime Melbourne site – again

August 24, 2018September 16, 2021 Marc Pallisco

What do you do when you’re a new and thriving property developer unimpressed with the selection of Melbourne building blocks

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News Victoria 

Mariana Hardwick leases historic Victorian building in South Melbourne

August 24, 2018August 27, 2018 Marc Pallisco

Renowned bridal wear designer Mariana Hardwick has leased a prominent and historic corner building in South Melbourne which she will

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News Victoria 

LYZ Property Group to flip enormous Hawthorn development site

August 24, 2018September 25, 2018 Marc Pallisco

LYZ Property Group is flipping a large corner block in Hawthorn – one of Melbourne’s blue ribbon suburbs. The 2593

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News Victoria 

Melbourne medical centre sells for $12.5 million on tight yield

August 24, 2018August 24, 2018 Marc Pallisco

A medical centre on an enormous corner block with significant future development upside has sold in Melbourne’s Caroline Springs. The

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News Victoria 

Loyal Orange Institution of Victoria to sell $15 million-plus Box Hill South holding

August 23, 2018August 23, 2018 Marc Pallisco

The Loyal Orange Institution of Victoria – a society established in 1843 and composed of Protestants who support and defend

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News Queensland Victoria 

Downer EDI Limited rents two AMP Capital offices on Australia’s east coast

August 23, 2018July 25, 2019 Marc Pallisco

Downer EDI Limited is proving to be a valuable tenant for AMP Capital. The infrastructure, mining and rail giant has

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News Victoria 

Australian Unity sells investment-grade Melbourne industrial asset after two years

August 23, 2018August 23, 2018 Marc Pallisco

Another investment grade industrial asset is selling in Melbourne. The three hectare site at 1651-1657 Centre Road, Springvale, returns just

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News Victoria 

Lew family sells Mt Eliza clifftop

August 22, 2018February 16, 2021 Marc Pallisco

Jacqueline Lew, the daughter of Premier Investments chairman Solomon, has sold a Mount Eliza property at the centre of a

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News Victoria 

St Kilda Road office expected to sell for $160 million – a record price for the precinct

August 26, 2018August 27, 2018 Marc Pallisco

An office on Melbourne’s fringe has hit the market with price expectations of $160 million – almost double the $84

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News Victoria 

Retail assets east and west of Melbourne listed for sale this week

August 26, 2018 Marc Pallisco

Two major retail investments east and west of the Melbourne CBD have hit the market. In Narre Warren, an heir

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New South Wales News 

Sydney ShopSmart Outlet Centre in Mt Druitt sells for $24.8 million

August 20, 2018August 24, 2018 Marc Pallisco

A major retail investment in Mt Druitt, 43 kilometres west of the Sydney CBD, has sold for $24.8 million to

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News Queensland 

JD Sports signs the largest Brisbane CBD retail lease “in a few years”

August 20, 2018August 20, 2018 Marc Pallisco

Manchester-based retailer JD Sports has swooped on a prominent Brisbane CBD space until recently occupied by Topshop and Topman. The

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News Victoria 

St Kilda Road apartment asking $45 million – a record Melbourne high

August 20, 2018August 20, 2018 Marc Pallisco

A penthouse atop a proposed 15-level apartment building, earmarked for a spectacular site at 409 St Kilda Road, has been

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News Victoria 

TV show producers lodge plans to replace St Kilda’s Oslo Hotel with five family-home-sized terraces

August 20, 2018July 16, 2019 Marc Pallisco

WHERE IS THE BLOCK HEADED IN 2020? READ OUR STORY ABOUT THE SITE ACQUIRED FOR THE NEXT SEASON, HERE. Producers

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News Victoria 

Golden Age Group spending more than $30 million on Rockbank, Melbourne, development site

August 20, 2018August 20, 2018 Marc Pallisco

Two months after snapping up a Sydney hotel site, it has been revealed Golden Age Group, led by Jeff Xu,

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News Victoria 

Elsternwick childcare centre sells for $11.3 million

August 17, 2018August 21, 2018 Marc Pallisco

A China-based investor has paid $11.3 million for a childcare centre in Elsternwick – the highest priced sale for a

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News Victoria 

BPM sells unbuilt Melbourne CBD hotel for $91.3 million

August 21, 2018August 21, 2018 Marc Pallisco

Developer BPM, headed by Jonothan Hallinan, a BRW Rich List “Young Gun” in 2016, has sold a Melbourne hotel for

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News Victoria 

Shakespeare Property Group paying $100 million for the Sunshine Coast’s Novotel Twin Waters Resort

August 21, 2018 Marc Pallisco

The Novotel Twin Waters Resort, on Queensland’s Sunshine Coast, is selling to Melbourne-based Shakespeare Property Group for a speculated price

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News Victoria 

MAB Corporation buys adjoining Melbourne warehouses to replace with an office building

August 17, 2018August 17, 2018 Marc Pallisco

MAB Corporation has paid more than $7 million for a development site in inner-east Melbourne. The builder, established and owned

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