Melbourne’s landmark Festival Hall for sale as live entertainment venue, urban renewal play

EXCLUSIVE The landmark Festival Hall – Melbourne’s eighth largest live entertainment venue ranked by capacity – is quietly being marketed for sale. It is the first time in more than a century that the high-profile block (pictured, above and below) has been offered. Included in the deal is the multi-purpose arena at 300 Dudley Street

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Change of marketing agent, strategy, sees Pearse family offload Richmond holding after 60 years

EXCLUSIVE The Pearse family has finally sold a T-shaped super-site near the busy corner of Church and Highett streets in Melbourne’s inner east Richmond. Offered for sale late last year as a whole – where it bombed at auction – the vendors appointed Savills’ Nick Peden, Jesse Radisich and Mark Stafford to re-market it, in

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Steller receiver banks c$6.5 million from site earmarked for Frankston’s tallest tower

EXCLUSIVE McGrathNicol has sold a high-profile Frankston development site until recently controlled by Steller, which went into receivership in July. The 3301 square metre plot at 6-12 Davey Street – just over a hundred metres from the beach – was between 2014 and 2018 set to make way for a 17-storey apartment building, which would

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Investor pays $4.8 million for industrial property leased to Crown Casino

A Sunshine West industrial property tenanted to Crown Melbourne Limited, which occupies it as a storage and distribution servicing Crown Casino, has sold for $4.775 million. The expressions of interest campaign for 54-58 Vella Street generated over 30 enquiries, according to CVA agents Daniel Philip and Anthony Carbone. Four formal offers were received. The sale

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Frank and Sharon Van Haandel list renovated Toorak manor

Hospitality veterans Frank and Sharon Van Haandel are selling their contemporary Toorak home – asking between $11.2-$12 million – and downsizing. The pair paid catering entrepreneur Peter Rowland $8.65 million for 7 Ottawa Road in March, 2017. It has since undergone a major renovation, with interiors by Fiona Lynch. The 18th century French Provincial-style residence

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Neurosurgeon Professor Richard Bittar buys Doncaster East office

Renowned Australian neurosurgeon, spinal surgeon and researcher, Professor Richard Bittar, has outlaid $2.76 million on a prominent Doncaster East office he plans to occupy after a refurbishment. The double-storey, 414 square metre property, 1094 Doncaster Road (pictured, top), half a block from the popular Tunstall Square retail centre, was auctioned last week. On a 612

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Bayley Stuart buys $50 million Cremorne office from CostaFox on fund-through basis

Boutique property investor Bayley Stuart Capital is paying CostaFox Developments $50 million for an unbuilt office at 1-11 Gordon Street, Cremorne, in Melbourne’s inner east (artist’s impression, top and below). The off-market deal, on a fund-through basis, was negotiated by agency Dawkins Occhiuto. It is Bayley Stuart’s second fund-through office purchase in the area: 17

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Martin Strode’s SMA Projects lists new Fitzroy supermarket built on the site of theatre The Star Lyric

Developer Martin Strode is selling the strata-titled supermarket on the ground floor of an apartment complex which has replaced 1910s art nouveau-style theatre The Star Lyric. The director of SMA Projects can expect more than $10 million from the disposal, according to sources. With 1402 square metres of retail space and 49 car parks, the

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Canterbury’s former Linley Clinic Private Hospital sells

The former Linley Clinic Private Hospital in Melbourne’s leafy Canterbury has sold for a speculated price of just under $6 million. The medical centre at 25 Bryson Street last traded in November 2017 for $6.5 million. Teska Carson marketing agents Adrian Boutsakis and Michael Ludski described the opportunity succinctly in their advertisements: a rare substantial

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Bill Shorten lists Moonee Ponds family home after buying in the same Travancore street as another former federal ALP leader

After failing in his bid at the May election to live at Canberra’s The Lodge, unionist turned politician Bill Shorten (pictured, top, with his second wife Chloe, and children) has spent $3 million on a house in Melbourne’s inner north west Travancore – a pocket within Ascot Vale. Interestingly, it is in the same street

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Stockland to co-develop $2 billion Truganina business park – the largest industrial project in Melbourne’s west

Stockland has teamed with Mt Atkinson Holdings – led by a consortium of Melbourne businessmen – to create a $2 billion commercial park, set to be the largest industrial project in that city’s west. It is hoped the 260 hectare site, 25 kilometres from the CBD, in Truganina, will also become the city’s largest and

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Charter Hall PIF pays Viridian Glass $100 million for Dandenong South industrial investment

EXCLUSIVE Charter Hall is paying Viridian Glass $100 million for a major industrial investment in Melbourne’s Dandenong South. The sale and leaseback agreement was struck seven months after Viridian Glass listed its headquarters of more than six decades at 51-95 Greens Road. Covering a 20 hectare industrial zoned plot, the 77,124 square metre facility is

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Vicinity banks $195.5 million selling Geelong and Brisbane retail assets

CBRE’s newest recruit, star agent Simon Rooney, will be writing up his first commission after selling two non-core retail assets for Vicinity Centres. Vicinity chief executive officer and managing director, Grant Kelly, said the disposal of the “non-core” Corio Central in Geelong, and a 25 per cent interest in the Mt Ommaney Centre in Brisbane,

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