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

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

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

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

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

Alcaston Gallery owners Beverly and Anthony Knight have sold the historic Fitzroy Victorian where they have lived and worked for near-20 years. The triple storey terrace at 11 Brunswick Street (pictured, top and below), with 469 square metres of area, traded for $5.1 million. On a 369 sqm Mixed Use zoned plot, the rear of

A former Keysborough farm – now surrounded by sealed roads and housing estates – has sold to a local developer for an as-yet-undisclosed sum. The 2.1 hectare rectangle shaped block at 152 Stanley Road was last on the market in late-2017 (see images top and bottom), when it was reported as trading for $16.1 million.

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

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

The first piece of the Moonee Valley Racecourse to be divested by the Moonee Valley Racing Club (MVRC) in more than a century hit the market last week. The childcare centre at 2 McPherson Street, built into a historic, double-storey former chairman’s residence at the north west tip of the 40 hectare site, is expected

EXCLUSIVE Eight Melbourne investment properties offered by a consortium of three families, including the mother and uncle of prominent criminal lawyer, Robert Richter QC, sold at scheduled auctions this week. In total they bought in $25.311 million. Today, Vinci Carbone’s Stephen Speck, Frank Vinci and Joseph Carbone sealed deals for two blocks of villa units:

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

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

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

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

Coles Group has offloaded two pieces of the Boronia Mall, in Melbourne’s east. One investor is paying a price speculated to be $35 million for the neighbouring, strata-titled assets: A 2942 square metre supermarket tenanted to Coles until 2031, and A 7182 sqm outlet rented to Kmart until 2025. The investments return a total annual rent

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

Charter Hall and ID_land have sold the 2.2 hectare site set to way for the Truganina Central Shopping Centre, part of the Elements housing estate which they are co-developing in Melbourne’s mid-west. A local investor has picked up the permit-ready block for $9.6 million. The land is earmarked to become a 7390 square metre retail

Another Steller site now controlled by a mortgagee is for sale – this time in Melbourne’s northern suburb of Preston. The 1.83 hectare block at 22 Wood Street is adjacent to the Northland Shopping Centre, owned by GPT Group and Vicinity Centres. It’s eastern boundary abuts parkland around Darebin Creek – which is also the