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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Victoria
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 with plans to repurpose
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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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Ex-AFL star lists lux Melbourne home
Retired AFL player Alan Didak has listed a three year old limestone townhouse in Melbourne’s inner east. The four level,
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Veris relocates HQ within Melbourne
Veris has moved headquarters – effectively quitting the CBD for a distinctive office three kilometres east, at Burnley. The ASX-listed
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Alfasi seeks commitments for major city fringe office
Three years since securing a piece of one of Cremorne’s highest profile and historic buildings – the c1909 Byant &
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AFIAA takes another hit on Melbourne office sale
AFIAA has sold a prominent CBD office for a loss on its 2012 outlay. The Swiss fund manager is banking
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AVC leases high profile new Docklands pub
Australian Venue Co has leased a high-profile hospitality component of Lendlease’s Melbourne Quarter, at the Docklands border with the CBD. Pub,
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Futuro locks TK Maxx to Bourke Street Mall
TK Maxx will establish its flagship store at Futuro Capital’s 235 Bourke Street – a space including what was once
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Frasers finds buyer for Melbourne CBD office
Frasers Property Australia has found a buyer for a CBD office held a decade. Local private investor Harry Stamoulis is
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Fitzroy church leased, set for repurpose
The historic St Marks Church of England Hall in tree-lined George Street, Fitzroy, is set to be repurposed. Operators of
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Racing club leases office near track
The Moonee Valley Racing Club is amongst a swag of tenants to recently commit to the ex-Australian Taxation Office near
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ESR, Up secure major industrial tenants
JOST Australia – a subsidiary of Germany’s JOST-Werke – will relocate its local headquarters within Melbourne’s west. The supplier of
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Real estate agency founder sells Geelong shopping centre
EXCLUSIVE A consortium including a co-founder of commercial real estate agency Burgess Rawson has sold a neighbourhood Geelong shopping centre.
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Coles moves forward with leafy east Melbourne store, apartments
Coles Group is moving ahead with a mixed-use complex it will anchor the supermarket component of, in Melbourne’s exclusive east
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Cadence banks $12.8m from Melbourne site
Charlie Buxton’s Cadence Property Group has quietly sold an industrial development site in an outer south east Melbourne growth corridor.
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US apartment developers quietly trade prominent Fitzroy site
Two US based developers and investment houses have quietly traded Fitzroy’s outgoing Streamline Press plant. Pembroke Group will now replace
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Elanor, Heitman shedding major Melbourne mall
Charter Hall is making another play for a major Victorian shopping centre, this time in south east Melbourne’s Mulgrave. The
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Godfreys buys HQ from landlord
Godfreys Commercial – acquired last year with Godfreys by Future Innovation Holdings – has purchased its west Melbourne headquarters from
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Northwest lists medical centres opposite Box Hill Hospital
Northwest Healthcare Properties Australia controlled REIT, the Vital Healthcare Property Trust, is selling two essential services investments opposite Box Hill
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Hong Kong’s richest person banks $33m from Victorian farms
Hong Kong’s richest person, Li Ka-shing, is banking just over $33 million from a major Goulburn Valley aggregation growing, amongst
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Last two blocks sold in Melbourne industrial estate
The last two blocks at Plus Property’s Axiom Estate in Melbourne’s west are selling. A combined $22.7m is being achieved
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Gurner, HR Legal choose lux new South Yarra office for HQ
Alfasi Group has secured four tenants to a South Yarra office completed in December on a site for years owner-occupied
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Lindsay Fox, Max Beck prepare to develop prominent piece of Essendon Fields
EXCLUSIVE The operators of Essendon Fields, owned by billionaire Lindsay Fox and Max Beck, replacing land around Essendon Airport, are
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Ex-AFL star moves Melbourne hotel
EXCLUSIVE AFL star turned property developer Jose Romero has moved a contemporary suburban Melbourne hotel. The Punthill Essendon North at
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Engineers Australia, Flybuys choose replacement HQs
Two high profile brands will move Melbourne CBD headquarters to 181 William Street, part of the two-tower CBW complex (pictured,
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Aged care providers trade $50m Melbourne village
Andrew Philip has sold the last asset held by RCA Villages, which he created in 2008 after holding senior positions
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Westbridge sheds last asset from diversified fund
Westbridge Funds Management has sold the final asset from the Diversified Property Trust delivering unitholders a 156.6 per cent net
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Display goods group to consolidate in Melbourne’s south east
SJ Display Group will consolidate from two locations to an office/warehouse being developed speculatively by Frasers Property Industrial, in Melbourne’s
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Cladding group expands at Tullamarine
Frasers Property Industrial has filled part of a business park in Melbourne’s north west Tullamarine prior to it being vacated.
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Campaign launched to replace Kew’s ex-VicRoads HQ
EXCLUSIVE Development Victoria has launched a campaign to sell the ex-VicRoads headquarters, near Kew Junction, for a residential project. About
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Williamstown warehouses fetch $9.5m
An interstate investor has swooped on a trio of small Williamstown warehouses offered individually. The properties, A, B and C,
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UBS locks four more tenants to ex-Australia on Collins
Four more tenants have committed to the ex-Australia on Collins shopping centre, also formerly known as St Collins Lane, which
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Taiwanese giant snaps up 5-star Melbourne hotel
Taiwan backed Shayher Group, which has a local office in Brisbane, has outlaid $200 million for another Australian 5-star hotel.
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Not for profit sells vacant aged care home
EXCLUSIVE Mercy Health has sold an inner west Melbourne aged care home it operated until three years ago. Vacant since
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Up Property swoops on CBD corner office
Up Property has purchased its first Melbourne CBD investment – an office highly exposed to a tree-lined section of Queen
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