EXCLUSIVE ASX listed developer Peet Limited is paying $25 million for a 4.05 hectare farm in Keysborough, about 25 kilometres south east of Melbourne. The parcel at 182 Chapel Road is being encroached upon by housing estates to its east and south. Walking distance to the newly built Keysborough South Primary School and Keysborough Shopping

EXCLUSIVE A double fronted two storey terrace within cooee of Bourke Street Mall is selling for $22.5 million. The deal for 384-386 Bourke Street values each square metre of land at $47,771. With an internal area of 1164.5 sqm, the building rate is close to $20,000. Offered with a 10-year lease to a hospitality occupier

Menzies Institute of Technology has sold West Melbourne’s former Carron Tavern. On a 458 square metre block at 396-400 Spencer Street, on the south east corner of Batman Street, the double storey building traded last month for $5.71 million. Menzies, which is directed by Dr Uck Han Chun, paid $4.4 million for the asset five

A triple fronted shop in Glen Waverley’s retail centre (pictured top and right) sold for $7.35 million last month. The 379 square metre building on a 379 sqm block at 55-57 Railway Parade North abuts the 15-storey Galleria apartment complex. It also adjoins a council-owned car park connected to the Glen Waverley train station. A

For the second time in as many months, a private owner is intending to build one multi-level residence within the airspace of a commercial property in a popular inner-Melbourne retail strip. The purchaser of the warehouse site at 298 Lygon Street in Brunswick East outmuscled several developers. It is expected a high rise home could

Centuria Industrial REIT (CIP) has filled a 12,400 square metre north Melbourne warehouse previously occupied by Amcor. The ASX-listed landlord will collect annual rent of about $1.02 million – or $82 per square metre – following the deals for 49 Temple Drive. In the biggest agreement, healthcare equipment specialist Aidacare has committed to a 6964

Two former government schools in Melbourne’s south east have sold to developers in separate deals this month. In what may be this year’s first development site sale, exchanged last week, the Department of Treasury and Finance has offloaded a 1.5 hectare Springvale South site (pictured, top) for $5.6 million. The vacant tract of land, once

EXCLUSIVE The Royal Australian and New Zealand College of Obstetricians and Gynaecologists (RANZCOG) is selling its East Melbourne headquarters to Queensland developer Pask Group. College House, at 254-260 Albert Street, is trading for about $22 million. Opposite Fitzroy Gardens, the RANZCOG site includes a double-storey residence-converted-office, constructed in 1873 – which can’t be razed. However,

An Aldi leased supermarket on the ground and first floor of a podium connecting the 36-storey Milano apartment tower and 46-level Verve complex, sold at auction last month for $11.525 million. The 1650 square metre retail asset at 8 Franklin Street traded on a 4.7 per cent passing yield. The investment includes 44 car parks

A showroom warehouse in Moorabbin, in Melbourne’s south east, has sold to a Chinese investment group for $6.5 million. The sale price of 244-248 Chesterville Road reflects a 5.5 per cent passing yield. It also represents a solid capital gain for the vendor which paid $3.7 million in 2015. The 4732 square metre building on

Hudson Conway founder and five-time Melbourne Cup horse winning trainer, Lloyd Williams, has listed his landmark Macedon Lodge training facility for sale – again. The 79-year old announced late last year that he would put the 121-hectare property on the market. The businessman has now appointed an agent – CBRE’s Mark Wizel, who will work

Singapore’s listed Ocean Sky International is paying $21.83 million for a fully-let, four-storey office in Melbourne’s Mount Waverley. The deal for 541 Blackburn Road is being struck on a 5.79 per cent passing yield (or 5.49 per cent, if stamp duty costs are factored in). Vendor Vantage Property Investments – under the fund manager’s former

The Victorian Civil and Administrative Tribunal has granted Alfasi Group permission to build a 10-storey hotel in South Yarra’s Forest Hill precinct. Penned by high-end architecture firm Carr Design Group, the five-star, 156-room complex with lower level restaurant and function room, will be tenanted to Hyatt Centric upon completion. Two basement levels will be occupied

Moonee Valley Racing Club has banked $6.6 million selling a premium quality childcare centre built into and behind a historic former chairman’s residence at the north west tip of the Moonee Valley Racecourse. Last month’s auction of 2 McPherson Street, Moonee Ponds, is the club’s first divestment of part of the 40-hectare racecourse in more

Mirvac Group (MGR) is paying $200 million for part of the former Melbourne Convention Centre site at 7-23 Spencer Street, between Sidderley Street and the Yarra River, at the city’s south west tip. In a deal announced on Christmas Eve, MGR said it had earmarked a 430-dwelling build-to-rent project for part of the land. A

Carlton Football Club president and property investor Mark Lo Giudice has sold the Gisborne Square retail complex in Melbourne’s outer north west to local developer Samuel Property. The row of 10 shops traded for $6.15 million at an auction last week contested by six parties. Based on the annual rental return ($329,000) the 1068 square

A local developer is paying $7.5 million for a Melton West farm abutting Melbourne’s Urban Growth Boundary. The 13 hectare rectangle shaped site at 557-599 Harkness Road is being encroached upon by housing estates to its north and east. To the west – outside of the UGB (where large scale building is not permitted) –

ASX-listed Stockland is paying $105 million for a major residential development play 32 kilometres north of the Melbourne CBD. The 89.5 hectare property, 975 Donnybrook Road, Donnybrook, was marketed as “the best Precinct Structure Plan (PSP) approved site” that direction of the city. Stockland intends to build a community with a school, recreation areas and