IKEA shelves store plan at Campbellfield’s ex-Pipeworks Market, lists site

EXCLUSIVE IKEA is selling Campbellfield’s ex-Pipeworks Market. The Scandinavian retailer agreed to purchase the property from Babcock & Brown 10 years ago with plans for a 41,000 square metre freestanding outlet – its biggest in the Southern Hemisphere, to open by 2012. Despite then-planning minister Justin Madden approving the $170 million proposal, construction never started.

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Thermomix leases Moorabbin Airport warehouse from Goodman

After a metropolitan-wide search, Thermomix will move into a modern office/warehouse owned by Goodman at Moorabbin Airport’s Chifley Business Park. The kitchen product manufacturer and distributor was represented by CBRE’s Lachlan Ferguson and Fergus Pragnell – the latter who markets Melbourne’s western suburb industrial sector. The agents said they collaborated to “cover off all options”

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Uniting lists inner Melbourne former kindergarten, social services office

Uniting is selling two formerly occupied properties as development sites, in Melbourne’s inner-south. At 698-700 Malvern Road, Prahran, a 920 square metre parcel which also fronts Molesworth Street, where it is adjacent to Orrong Park, is expected to sell for about $3.7 million. Zoned Residential Growth, it could make way for a four storey building

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Peakstone awards 100,000 sqm Australian office management contract

Singapore’s Peakstone has awarded a major commercial management contract to CBRE. The agreement covers 100,000 square metres across six buildings including 45 Clarence Street in Sydney (pictured), which the landlord only agreed to buy from Dexus in June for $530m. Neighbouring 55 Clarence St forms part of the portfolio too – as does the 637

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