Salta Properties has pre-committed an arm of Fenner Dunlop, the world’s biggest manufacturer of conveyor belting for mining and industrial applications, to a Dandenong South warehouse. Belle Banne Conveyor Service’s facility, within the Nexus Industrial Estate on Portlink Drive will include a double storey 438 square metre office. Attached to that will be a 6560

EXCLUSIVE Frasers Property Industrial has pre-committed power tools and garden products giant Ozito as the first tenant for its Rubix Connect business park in Dandenong South. The landlord only acquired the 41.3 hectare site making way for the industrial estate last April – outlaying $80 million. At 875 Taylors Road, it is one of the

Serco Australia has rented the Essendon Fields office vacated last year by The Good Guys, which is now based at Southgate after merging with JB Hi Fi. The sub-let deal will see out the former tenant’s head lease, set to expire in 2023. The landlords, Beck Corporation and Linfox, announced the British labour hire company

Two historic buildings in central Northcote – consolidated by interests associated with former Melbourne Football Club player Clint Bartram and permitted for a mixed-use but predominantly residential project – are being offered by the mortgagee. The 1050 square metre Commercial 1 zoned site stretching from High Street to Balgonie Place is expected to sell for

A year after it acquired the former Wantirna Heights School, in Melbourne’s east, Oz Property Group this week won unanimous councillor support to replace it with 51 townhouses. At 56 Kingloch Parade, on the south west corner of Greenlow Avenue, the 1.25 hectare block cost the developer $9.71 million. The property was rezoned for residential

The Royal Automobile Club of Victoria has paid the founders of Nationwide Towing & Transport $15 million for Collingwood’s Melbourne Impound Yard. The pair have a relationship – in 2017 the motor club acquiring a 51 per cent stake in the towing business. However, that agreement didn’t include some of the real estate occupied by

A modern aged care facility – with Parkdale Beach at the end of the street – is speculated to be selling to an offshore investor for c$9 million – a price which would reflect a c5.7 per cent yield. The triple storey 60-bed complex at 43-45 Herbert Street, Parkdale, was offered with a new 15-year

FJT Logistics has leased a Melbourne Airport distribution centre just vacated by Japanese rival, Nippon Express, which has expanded. The 4,532 square metre property, Warehouse B, Reid Way, is within Melbourne Airport Business Park and owned by Melbourne Airport Corporation. Knight Frank’s Marco Sandrin and Brent Glassford brokered the deal. FJT will relocate from Keilor

LaSalle Investment Management, on behalf of pension fund CalSTRS (California State Teachers Retirement System), has sold a half share in a 30-storey Melbourne CBD office for $205.675 million. The vendor picked up the whole property, 222 Exhibition Street, for $231m in 2015. Its part-sale to Singapore’s GIC after a renovation is being struck on an

The Australian division of New York based Central National-Gottesman has leased a Rowville office/warehouse less than a week after it hit the market. The pulp, paper, packaging, tissue and plywood distributor – one of the biggest in the world – has signed at 1/39 Laser Drive for three years. It is paying starting annual rent

Peter Hart has applied to build an eight level office on a row of neighbouring Collingwood sites – two which for decades until April accommodated bar and sex-on-premises venue Club 80. The proposal, known in planning documents as Peel Street Studios, will contain 2355 square metres of area with balconies on the fourth and seventh

The Victorian Hot Rod Association has sold its Hughesdale headquarters for $900,000 – 30 times the price it paid in 1977. The car club accepted the early offer for 69 Warrigal Road, which was scheduled for auction this Thursday, but changed to an expressions of interest campaign when local stage two lock down restrictions came

Swinburne University has listed a historic Melbourne CBD commercial building for which it paid $44 million last April – the last property trough. Invicta House at 226-232 Flinders Lane was purchased to occupy, however with COVID-19 affecting the education and international travel sectors, will be liquidated. The school picked up the asset just prior to

A trendy furniture retailer has rented the sixth floor of an office for a showroom – in what could be a new avenue within Melbourne’s city fringe commercial leasing market. Cosh Living has committed to 628 square metres at Bayley Stuart’s newly completed 600 Church Street, which replaced the Nuttelex factory, in east Cremorne. The

McDonald’s has chosen Weir Views – one of 11 suburbs recently gazetted around Melbourne’s Melton South – for its thousandth Australian restaurant. The Opalia Shopping Centre venue near the north west corner of Exford and Elpis roads will also be the group’s first flagship sustainable store here. To be constructed using recycled materials, including for

A state government department believed to be Victoria Police is renting the balance of a 730 square metre office built into the second level of the former Broadmeadows Town Hall, which recently underwent a $24 million refurbishment. The 405 sqm space plus two car parks will cost $170,000 gross for the first 12 months. The

Wolf Group is paying $90 million for a former laboratory in Melbourne’s south east, with plans for a housing estate. The Commonwealth Scientific and Industrial Research Organisation listed the 9.34 hectare Highett property at 37 Graham Road 15 months ago. Last month the Department of Environment, Land, Water and Planning zoned it for the construction