Real Estate News

Cabrini Health is paying what is believed to be a record rate per square metre to rent a Hawthorn East office only recently co-developed by former Collingwood footballer Paul Tuddenham. The not for profit healthcare service provider has leased 2000 square metres, being level two, within the CV @ 141 Camberwell Road complex near Camberwell

Collective Capital, which last year picked up the former Dennis Family Homes headquarters in Malvern East as a permit-ready development opportunity – but instead renovated it – has signed two lease deals reflecting a 35 per cent rental uplift. The 203-207 Waverley Road office, still known as Dennis House, has commanded $370-380 per square metre,

Singapore’s ARA Asset Management with the backing of Canadian institutional investor, QuadReal Property Group, has acquired East Melbourne’s as-yet-unbuilt Victoria Place office on a funds-through basis. The 200 -216 Victoria Parade site is reported to be selling for about $70 million – with the pair to then finance construction, which will be overseen by Time

The historic Melbourne CBD building occupied by Fletcher Jones from 1955 until it went into administration nine years ago is set to reopen as a Vibe hotel in April after being topped with a 24-level tower. Owner Caydon Property Group as part of a consortium including Singapore backed TFE Hotels – Vibe’s operator – paid

ASX listed Japara Healthcare has listed a Geelong development site after obtaining a controversial permit. The aged care accommodation provider can expect more than $4.5 million for the 8244 square metre block at 297-307 Roslyn Road, Highton. The land comes with permission to be replaced with a three level aged care complex containing 122 beds.

Quintessential Equity has sold a 2.4 hectare industrial investment in Melbourne’s Noble Park North for $14.7 million. The commercial investor and developer, which provides syndicate opportunities for wholesale buyers, paid $6.8 million for 180 Browns Road in 2013. OneSteel Reinforcing, now known as Infrabuild, is the long-term occupier. About 27 kilometres south east of the

Pace Development Group is selling a strata-titled retail investment forming part of its St Crispin’s House apartment project, in Melbourne’s inner city Abbotsford. The 250 square metre property is rented to Blackhearts and Sparrow at a current annual rate of $100,000 ex-GST. With a guide price of close to $2 million, Pace is seeking a

The former Geelong Post Office is being sold by the local council – but only after it approves what a new owner has in mind. Described as a public feature, the two storey French Second Empire style building with a clock tower was developed between 1889-1890. At 83 Ryrie Street, on the north west corner

A Truganina industrial investment developed in 2010 by Vaughan for Hyster, which was last year bought by Adaptalift Group, has sold for $5.6 million. The forklift hire company has outgrown the 4347 square metre facility on a 9543 sqm parcel at 42-44 Jessica Way, 22 kilometres west of Melbourne. Following a private sale campaign managed

Tupperware Brands has listed its 60 year old Ferntree Gully headquarters, two years after it last did. The US based plastics maker – which retails via the home party model – can expect more than $25 million for the purpose-built facility at 19-21 Brenock Park Drive, 29 kilometres east of the Melbourne CBD. The property

A Singaporean investor has paid $11.3 million for a 70 bed aged care facility in Melbourne’s outer east. The Boronia asset at 7 Coogee Street is trading on a c5 per cent yield. Medical and Aged Care Group is on a long-term lease for the 6300 square metre block. The General Residential zoned parcel could

The Richmond terrace occupied since 2017 by celebrity chef Shannon Bennett’s Benny Burger is for lease. The restaurant chain went into liquidation and closed last October with debts, including to the Australian Taxation Office, of close to $170,000. CBRE Victorian retail leasing’s Jason Orenbuch, Zelman Ainsworth and Tan Thach are now seeking an occupier for

EXCLUSIVE Luxury car dealer Nick Theodossi is paying about $50 million for a Doncaster investment with significant long-term development upside. The 1.1 hectare block at 812-814 Doncaster Road is leased for 12 years to long time occupier Doncaster BMW. Mr Theodossi, also a commercial property investor, secured it following an off-market deal negotiated directly with

Logistics focused landlord and developer LOGOS Group has found an occupier to take all of a speculative 23,322 square metre facility it only completed construction of last month. efm Logistics Services will move into the Altona Logistics Estate warehouse mid-year. JLL’s Matt Ellis and Matt Crofts represented LOGOS Group, which is backed by, amongst others,

Hub Australia has leased its fourth Melbourne premises and eighth nationally. The co-work office provider has committed to space on levels two, three and seven at Dexus’ Ball and Welch development – a 20,000 square metre project incorporating a historic building at 180 Flinders Street, and 189 Flinders Lane, due for completion in six months.