Ex-American Express HQ sells again
The boutique Elizabeth Street building with a ground floor shop beneath four levels of offices, for years part occupied as
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Victoria
Historic Melbourne House sold, set for refurb
Roxy Pacific has sold the historic Melbourne House, also the former Leo Cussen Centre for Law headquarters, after eight years.
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Hill of Content plans record ‘human book chain’ move
Hill of Content staff have unpacked the shelves at its Bourke Street address of 103 year ahead of a move
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Charter Hall sells Melbourne growth corridor Bunnings
Charter Hall is quietly selling a major Bunnings warehouse bought near-new in January, 2020. The asset manager is banking $44
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Operators trade Mornington Peninsula retirement community
IP-Living has swooped on a profitable aged care facility on 3.65 hectares on the Mornington Peninsula. Baptist Village Vaxter, with
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Perth asset manager buys Melbourne warehouses
Westbridge Funds Management has swooped on an industrial investment in Melbourne’s north Thomastown. The 7600 square metre asset, 62 Northgate
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ProTen buys Golden Plains poultry farm
Corporate chicken grower ProTen – which it was today announced is being bought by KKR on behalf of Aware Super
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Cadence, Stockland trade $170m industrial portfolio
Stockland has sold a portfolio of east coast industrial investments. The Keywest Distribution Centre and Altona Distribution Centre in Melbourne
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ISPT sells ex-Waltons department store
ISPT is taking a hit selling a retail investment in Melbourne’s Bourke Street Mall after nearly 10 years. The six
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Barings locks footwear giant to spec warehouse
Barings has secured footwear giant Accent Group to part of a distribution centre built speculatively in Melbourne. The tenant, behind
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James Packer, Banco swoop on outgoing Leo’s Supermarkets
Developers have swooped on Melbourne’s two Leo’s Fine Food & Wine Supermarkets, set to close at the end of next
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Newmark sheds land beside Warrnambool mall
Newmark Capital has sold two blocks on the eastern side of the Gateway Plaza at Warrnambool, which it bought three
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Auto accessories giant leases another Melbourne warehouse
Automotive parts, accessories and equipment distributor GPC Asia Pacific has leased a new office/warehouse for the Auto Parts Group business
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Coles picks up growth corridor town centre site
Coles Group has snapped up a permit-ready town centre site in Melbourne’s south east. In a deal worth just under
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Cromwell retains another government occupier at Docklands
Cromwell has retained another major occupier at 700 Collins Street – Docklands’ first office. The federal government’s Bureau of Meteorology
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Showroom asset filled after off-market deal
The local arm of Austria based power products provider and services supplier, Omicrom Electronics GmbH, has leased a Mill Park
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Global op-shop giant leases prominent long-vacant showroom
Chris Lock’s IP Generation – which is being purchased by MA Financial – has secured a tenant for the prominent
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Sherbet Bomb creator shuts after 95 years, sells shop
Sherbet Bomb creator Lagoon Confectioners has shut after 95 years and sold its most recent headquarters, manufacturing plant and distribution
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Gateway banks $135m from industrial portfolio
Gateway Capital has sold five east coast industrial investments – one in Melbourne, four in Brisbane – held since late
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Swank retailer leases ex-Target distribution centre
King Living is the latest group to commit to Target’s enormous former distribution centre, now a business park with eight
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Education sector groups buy, sell HQs
Kookaburra Education Resources has sold its outgoing Mayfield West headquarters. The school sector supplier – one of the country’s biggest
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Asset manager drops $15m for Melbourne warehouses
Lindum Partners, backed by Stamford Capital Investments, has acquired a 2.1 hectare industrial property in Melbourne’s east. Following an off-market
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Indian food wholesaler upsizes in Melbourne
Indian food wholesaler Chetak has signed a 15 year lease for a new base within an industrial estate replacing former
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Mildura motel sold after renovation
Carpe Diem Property has sold one of four regional hotels from a fund formed four years ago with Redhill Hospitality
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Asian investors trade CBD building
A small but prominent CBD property, on the corner of King Street and Flinders Lane, has traded between Asia based
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Developer swoops on ex-Victoria Police building
Centurion has swooped on an under-utilised Melbourne CBD office – the 1960s ex-Victorian Police Association headquarters – with plans for
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Apartment developer buys prominent Melbourne factory
It is the end of a 104 year era in Melbourne industrial circles, with Cedar Woods snapping up the spectacularly
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Neighbouring city shops fetch $9.1m
Neighbouring shops at the top of town sold this month for a combined $9.1 million. The deal for 423-425 Elizabeth
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Jenera pre-commits to Melbourne business park
Terre Property Partners has pre-committed major machine and fabricated component manufacturer Jenera to just over half its Kilsyth Connect Business
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Salta boosts development pipeline $900m
Salta has boosted its Melbourne development pipeline to the tune of $900 million, this month winning approval to build three
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Hong Kong giant buying another high profile Melbourne office
Dexus is believed to be shedding another modern office. The speculated $260 million deal for Melbourne’s Flinders Gate, developed five
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IP Generation locks Tesla, gym to Brand Smart
IP Generation, in the process of being bought by MA Financial, refit and relet of a 2500 square metre piece
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New Hoppers Crossing warehouse trades off-market
An investor has quietly purchased an office/warehouse built in place of seven small industrial units, in Melbourne’s Hoppers Crossing. The
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Family sells business’ Northcote HQ to industrial developer
A relatively large inner-city industrial property, held since 1988 by the Rutledge family for its Rutledge Engineering business, has sold
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Green light for $2b data centre, AI factory
NextDC has won permission to replace Port Melbourne’s Westgate Park print plant – which for decades until recently produced the
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Barristers’ Chambers sells CBD office
Barristers’ Chambers Limited has sold Douglas Menzies Chambers ahead of a move to 200 Queen Street. The Victorian Bar subsidiary
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QSR investment collects $11.8m
Jasbe has sold a recently constructed quick service retail investment with two small warehouses, in Melbourne’s south east. The group
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Developers move on two sites created by level crossing removal
Two thin rectangle sites recently created from level crossing removals in Melbourne’s south east are set to be developed. In
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Monteleone family sell another piece of Donnybrook
The Monteleone family – founder of Donnybrook Farmhouse Cheesery – is realising an impressive capital gain shedding a block bought
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Albert Dadon sells another piece of Art on the Park
Ubertas Group, owned by businessman and professional musician Albert Dadon, also the ex son-in-law of the late Marc and Eva
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Designer picks up Melbourne bank turned showroom
Richard Munao, director of boutique furniture and light designer, Cult, has snapped up a prime Melbourne city fringe investment. The
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Dean Montgomery offers historic homestead after major renovation
Developer and property investor Dean Montgomery has listed the historic St Albans Stud after 15 years and a major renovation.
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Door giant to consolidate in Melbourne
Dormakaba Australia will consolidate three business units – Ezi Roll Doors Australia, Danmar Garage Doors and Gilderol Garage Doors –
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First Australian Hyatt House taking bookings
Thirteen years after Chicago based Hyatt Hotels Corporation launched the Hyatt House brand – it is set to open in
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Childcare centre portfolio fetches $38.5m
A Middle East investor purchased the priciest childcare centre in a portfolio sold from February to mid-March. The 120-place complex
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Costco sells ex-Docklands store
Costco has sold its Docklands store after upsizing to a larger one west of town. The surprise off-market deal with
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Local developer secures another Barwon River site
Local developer Cam Hamilton has picked up another historic factory on the banks of the Barwon River in Newtown. The
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Footballer turned developer drops $250m for kale farm
Footballer turned developer Fraser Brown has snapped up a major farm quickly being encroached upon by housing estates, in Melbourne’s
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Fraser Brown lists swank new office
Former Carlton footballer Fraser Brown, now the second generation leader of family business, Brown Property Group, has listed for sale
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Interstate asset managers trade Victorian homemaker centre
Acure Asset Management has sold a regional Victorian large format retail investment after seven and a half years. Shepparton Home
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Jack Merlo sells unrenovated Toorak pile
Jack Merlo has sold another Toorak pile, this one unexpectedly. The $14.9 million result for 11 Robertson Street is a
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Lutheran Homes buy first assets outside SA
The Lutheran Church of Australia’s Victorian division has sold two retirement living community and aged care homes to Adelaide based
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Childcare to replace Glenroy’s historic Glenlyn
A childcare centre operator has leased a c1888 historic Glenroy home, part of James Chapman’s Forest Hills Estate. Mindchamps will
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Country council readies to sell eight sites
The City of Greater Bendigo is readying to sell eight sites deemed surplus to needs. The portfolio includes former tennis
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Developer swoops on Melton farm
An established developer has snapped up a low density housing estate site at Deanside, one of 11 suburbs created by
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Liberman family, TW Projects buy regional housing estate site
TW Projects backed by Monark Property Partners has snapped up a major housing estate site not far outside Melbourne’s urban
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Investor swoops on Seddon’s “best retail asset”
A particularly securely leased strip retail investment in Melbourne’s inner-west has sold for $6.25 million. The deal for the Happy
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Investors drop $35m on childcare centres
Investors have spent close to $35 million on childcare centre investments in recent weeks. In the biggest deal, a 110
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Investor swoops on land rich manufacturing plant
An investor forked out $25,088,000 for a major Melbourne industrial asset. The result for the recently updated, already modern manufacturing
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Victorian car yard portfolio fetches $34.5m
A Plantation Capital managed fund has snapped up the third and last property in a portfolio of neighbouring regional Victorian
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Bill McNee lists swank $30m Melbourne home
Property developer and investor Bill McNee is quietly upgrading from his $30 million South Yarra mansion. The executive is believed
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Glen Waverley warehouse trades on 1.86pc yield
Adjoining Glen Waverley warehouses – two of 40 freehold properties in the middle-ring suburb’s industrial precinct – offered as one,
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Kool Beanz partners with AFL club for maiden Victorian childcare centre
Kool Beanz and Western Bulldogs will trade from a childcare centre at Footscray Hospital, due to open late this year.
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Ex-AFL chief lists renovated Melbourne mansion
Former AFL chief executive officer Andrew Demetriou and his wife, Symone Richards, have listed their 1930s Marcus Martin designed home.
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MA Financial snaps up IP Generation
MA Financial Group is buying Chris Lock’s seven year old asset management business IP Generation. In the surprise deal, worth
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Salter announces REIT, return of Regent Hotel brand
Salter Brothers plans to list a hospitality fund within 18 months after unveiling a property contribution and management agreement deal
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WA syndicator buys Ballarat health and LFR hub
HMC Capital has sold a prominent essential services focused large format retail centre in Ballarat’s Wendouree, off-market. On behalf of
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Orica lists four more pieces of landmark Melbourne site
Orica is moving to sell four more pieces of its landmark former explosives factory, in Melbourne’s west Deer Park. The
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IP Generation buys back into Geelong
Chris Lock’s IP Generation has quietly picked up the rundown ex-Ray’s Outdoors outlet in North Geelong. The 5564 square metre
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West Melbourne servos trade for $18m
Two modern service stations in Melbourne’s west sold this week. The highest profile vendor was OTR founder the Shahin family
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Goodman snares major Melbourne industrial estate
Goodman has added another major investment to its portfolio. This time, the ASX-listed group is buying the going concern for
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Vicland lists lux Toorak office
Bill McNee’s Vicland has listed one of suburban Melbourne’s most successful new office developments – at Toorak. St Germain at
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Puma sells Melbourne HQ
Puma has sold its middle-suburban headquarters of 45 years ahead of a move to the city fringe. The sports product
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Site of Australia’s first La Porchetta for sale
EXCLUSIVE The collection of Rathdowne Village buildings until last February accommodating Australia’s first La Porchetta, has been listed for sale.
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US billionaire buys major Melbourne shed
Centuria, for a mandate backed by Starwood Capital, co-found by US billionaire and global real estate investor, Barry Sternlicht, has
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Woolies approved to replace ex-reception centre
Woolworths’ development arm Fabcot has been permitted to replace a recently razed Melbourne function centre with a two storey mall
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Liberman family snap up Melbourne housing estate site
Monark Property Partners, backed by the Liberman family, and Resolution Property Group, have snapped up neighbouring blocks north of Melbourne
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Melbourne Uni lists historic Cumnock mansion
The University of Melbourne is selling Parkville’s historic Cumnock after seven years. On 1376 square metres at 160-162 The Avenue,
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Arena lists childcare centre leased to 2055
Arena REIT has listed one of the most secure investments on its books – a Melbourne childcare centre with an
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Ennismore chooses Melbourne for maiden Australian Hyde hotel
London-based Ennismore has leased a near new Melbourne CBD hotel for its maiden Australian Hyde. The group has chosen 124-134
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