Green light for data centre half the size of the Rialto
The Labor government has approved an eight-level Melbourne data centre with almost half the area of the Rialto Towers. US-based
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Victoria
Council overrides planners, blocks 36-townhouse plan
A Melbourne council has refused a planning permit for a 36-townhouse development – replacing a single family home. At an
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Aged care provider buys ex-Best Western
An ex-Best Western in Melbourne has sold to a Queensland-based aged care developer following an off-market deal. Now the Tudor
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Ex-Waltons gets new identity after $80m purchase
The city’s ex-Waltons department store – later the four-screen Village City Centre – has been refreshed and rebranded with a
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Healthcare infrastructure to take stage at Melbourne seminar
Australia’s changing demographics and growing demand for essential services are putting healthcare and social infrastructure further into the investment spotlight.
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Land-rich Melbourne industrial assets fetch $24m
Two land-rich industrial assets in Melbourne’s south-east have sold this week. In Dandenong South, a 1.7-hectare site at 493-497 Frankston
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Sonya Kilkenny clears Kingswood Golf Club development
Sonya Kilkenny has cleared the way for the redevelopment of Melbourne’s former Kingswood Golf Club, with the owner Satterley this
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Church sells another Melbourne asset
The Catholic Archdiocese of Melbourne has sold another asset – part of a broader sell-down amid its response to historical
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Supreme Court hands Labor $50m North East Link bill
The Carroll government will be forced to pay over $50 million in compensation – including the first solatium awarded to
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Historic Port Melbourne cop shop, lock-up for lease
The former Port Melbourne Police Station and bluestone lock-up is for lease, nearly three decades after the historic property was sold by the state government.
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Producer secures site for next series of The Block
Four heritage buildings in a once-satellite town recently absorbed into metropolitan Melbourne have been bought by The Block producer. Buildings
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Charter Hall, Tokyo Tatemono, UBS AM strike logistics pact
Japanese real estate group Tokyo Tatemono with Switzerland-based UBS Asset Management have teamed with Charter Hall for an investment vehicle
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Mecwacare buys Melbourne retirement village
Mecwacare has picked up a Melbourne growth corridor retirement village from the former operator. The not-for-profit paid $5.515 million for
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Max Beck-backed fund buys shopping centre
A group led by property veteran and developer Max Beck has backed the first broadly offered acquisition by Wizel Invest, buying a Woolworths-anchored shopping centre in Melbourne’s outer south-east.
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Government uniform maker leases modern Melbourne facility
Canadian-owned Australian Defence Apparel has leased a major office/warehouse within a business park replacing an ex-Woolworths distribution centre in Melbourne. The
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Brookfield buys piece of ex-Ford factory
Brookfield has agreed to buy a piece of the former Ford manufacturing plant, in Melbourne’s north Broadmeadows. The 11 hectare
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Prahran Mechanics’ Institute sells 169-year holding
The Prahran Mechanics’ Institute has sold a Chapel Street property held since the 1850s. The PMI Victorian History Library, as
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Stockland doubles down at Brunswick
Stockland has applied to build almost twice as many apartments and increase the height of a proposed Brunswick apartment complex,
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Brookfield completes 1010-bed student tower
Brookfield Asset Management has completed a 40-storey student accommodation tower near Melbourne’s top tip. The 715-room, 1010-bed complex dubbed Market
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Site with no ceiling sells for $8.3m
An inner-city Melbourne building, subdivided in two and rented separately, has sold as one. The office/warehouse at 51-55 and 57-59
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Mapletree sells ex-Bridgestone HQ
Singapore-listed Mapletree Logistics Trust has sold a major west Melbourne warehouse – nearly 10 years after buying it from Growthpoint.
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Melbourne SDA investment trades for $7.3m
A two year old specialist disability accommodation investment in Melbourne’s north-west has sold for $7.32 million. The result for the four-level property, 36A East
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Fund manager buys chunk of Victorian motel strip
Deltine Capital has taken control of a major chunk of a motel strip in one of Victoria’s best-known regional towns.
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Melbourne growth corridor homemaker centre sold
Griffith Group has sold another commercial piece of a major housing estate ex-footballer Fraser Brown is developing in Melbourne. The
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Sprawling Melbourne industrial site trades for $19m
A sprawling industrial investment beside Merri Creek, in Melbourne’s north, has sold for $19 million. Leased to SPARK Trawalla Logistics
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Victoria’s WFH law faces High Court hurdle
Victoria’s proposed work-from-home laws have been thrown into fresh doubt after constitutional lawyers warned the scheme could be rendered inoperative
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Infrastructure giant drops $19m for ex-Suez site
EXCLUSIVE Charter Hall has quietly sold an ex-Suez waste plant after nearly 10 years. The 1.9 hectare holding, 64-84 Waterview
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Kourbeis strikes another bowling centre deal
EXCLUSIVE Entertainment complex operator Harry Kourbeis has bought another tenpin bowling centre in Melbourne’s south-east. The Oz Tenpin and former
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Six ex-Heritage Care homes sold with leasebacks
EXCLUSIVE A 570-bed aged-care portfolio, including the former Epping Gardens complex, where 38 residents died during a COVID-19 outbreak in
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Kinkora doubles down in Cremorne
Kinkora Investments has bought two neighbouring offices in Melbourne’s trendy inner-east Cremorne. Buildings 1 and 2 at 658 Church Street
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Westbridge buys former Amcor plant
A former Amcor-owned printing facility in Melbourne’s south-east has changed hands. Westbridge Funds Management paid $38.5 million for 7-31 Keys
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Scape finally starts work on State Library tower
Scape has finally started construction of a long-planned student accommodation tower – appointing Built to deliver the project. The State
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McNee wins backing for bigger South Yarra project
EXCLUSIVE Bill McNee has been given the green light to upsize and change the use of a permitted project on
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Ghale lists CBD corner as Sir Charles Hotham restoration wraps
Melbourne’s north-western CBD tip is set for another development shake-up, with Shesh Ghale putting a landmark corner site on the
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Australian Unity sells Ballarat medical centre
Australian Unity has sold a Ballarat medical centre – part of plans to reduce debt in its $3 billion Healthcare
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Deer Park industrial investment sells for $12.25m
An eight year old west Melbourne industrial investment has sold for $12.25 million off-market. Global Industrial occupies 122 Radnor Drive,
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Chinese Association seeks childcare operator for new centre
The Chinese Association of Victoria is seeking an operator for a new childcare centre in Melbourne’s east. The 107-place complex
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Mazen Tabet secures Julien Moussi to ex-Matilda space
Scott Pickett has sold the Matilda 159 leasehold, days after closing the South Yarra venue after almost a decade. The
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525 Flinders St may return to market after strong leasing turnaround
The only office on the south side of Flinders Street has gone from extended vacancy to full occupancy in the
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Occupier buys supersized South Yarra strata office
Financial planning and business advisory firm HTA Advisory has bought a supersized strata office about 400 metres from its headquarters,
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EPA lodges first data centre objection
A proposed Melbourne data centre campus has run into opposition from Victoria’s environmental watchdog, which has lodged its first formal
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Daikin-backed Airmaster HQ sells for $7.5m
A strata-titled industrial property abutting Eastlink – leased by Japan-based Daikin Industries as the Australasian headquarters of subsidiary Airmaster –
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Aware, Barings pre-commit machinery giant to Somerton
Komatsu Australia has pre-committed to a sales centre, workshop and office at one of Melbourne’s largest industrial estates. The global
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Labor dental plan dubbed a furphy, policy dressed up as new
Victoria already has a public dental system – a network of dozens of facilities, many which haven’t been maintained –
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Billboard landmark with redevelopment permit up for grabs
One of Melbourne’s highest-profile properties – and unusual investments – has been listed for sale by the family of late
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Green light for Melbourne growth corridor PSP
A long-awaited planning blueprint has unlocked Melbourne’s next major residential growth front, with one developer holding an outsized share of
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Bunnings trust buys Melbourne homemaker centre
Kinglake has flipped a fully-let Melbourne growth corridor homemaker centre less than 18 months since settling. The asset manager banked
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Wattle Park site attracts student accommodation developer
A student accommodation developer has bought a site at the southern edge of the Wattle Park shopping village, in Melbourne
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Backpackers site cashed out after medical makeover
The medical centre completed two years ago on the site of the Bells Beach Backpackers in Torquay has sold. An
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University buys another building from landlord
EXCLUSIVE The University of Melbourne has used the commercial real estate downturn to buy another inner-city building from a landlord.
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Contentious $3b village in play as Mount Scopus rezoning goes on show
The relocation of Mount Scopus Memorial College’s Burwood campus could deliver a $3 billion apartment-based mixed-village able to accommodate about
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VACCHO’s Collingwood property strategy approved
The Victorian Aboriginal Community Controlled Health Organisation has won permission to replace a row of original inner-city commercial properties amalgamated
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VinFast takes hit on ex-GMH Lang Lang proving ground sale
VinFast has taken a major hit selling the former Holden proving ground at Lang Lang – to an unexpected occupier
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Perron lines up another Melbourne mall sale
Perron Group is selling a half-share in another Melbourne shopping centre. The Perth-based group is speculated to be banking $327.5
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Fund sweeps up $38m Victorian car dealership portfolio
EXCLUSIVE Plantation Capital has bought the final asset in a four-property car dealership portfolio, backed by Motus, in regional Victoria,
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PDG unveils plan for ex-Yarra Valley Water site
PDG has slightly redesigned plans for a former water infrastructure site, which it won a state government tender to develop
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Data centre contractor leases building for major projects arm
Data centre contractor SKS Technologies has leased an industrial property for its Victorian Major Projects arm. The address, 22-24 Thomsons
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Dustin Martin, Ralph Carr sell restaurant investment
A commercial property owned by ex-Richmond star Dustin Martin and his former manager Ralph Carr has sold for just under
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Ericsson sells sprawling Melbourne site to TAXIBOX
Ericsson has sold a sprawling former manufacturing plant in Melbourne, held decades. TAXIBOX has bought 194-202 Bell Street, Preston, outlaying
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STH BNK apartment buyers to get deposits back
Hundreds of buyers in Melbourne’s failed STH BNK project are set to get about $60 million deposits back. The money
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Warburg Pincus, Kio target $2.5b rental housing portfolio
Warburg Pincus is increasing its commitment to Australian rental housing, expanding its collaboration with Kio Investment Management to pursue a
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Dexus Industria sells Melbourne asset, records portfolio uplift
Dexus for the Industria REIT (DXI) has agreed to divest a Melbourne asset for $14.2 million, while a fresh valuation
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DHL leases bulk of ex-Myer distribution centre
Lendlease has secured logistics giant DHL to the bulk of the former Myer distribution centre, in Melbourne. The asset manager’s
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QLS expands in south east Melbourne
QLS Logistics has expanded its operation in Melbourne’s south east as part of a lease renewal. The logistics giant has
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36 townhouses planned for home in new premier’s seat
A Melbourne developer has bought three distinct residential building blocks – one for a townhouse project already attracting scrutiny in
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Victorian government sells another public asset
In an incredibly quick surprise deal, the Andrews-Allan-Carroll administration will bank just over $20 million selling the historic State Public
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Lindsay Fox, Max Beck kick off another commercial project
Lindsay Fox and Max Beck have kicked off construction of another suburban Melbourne office after scoring two pre-commitments – one
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Melbourne Red Cross Shop for sale after 60 years
A two storey op-shop occupied over 20 years by the Red Cross has hit the market in the heart of
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Receivers offload first piece of failed STH BNK project
Plans for Australia’s tallest tower at Southbank are off the table after part of the block it was earmarked for
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Revitalising Central Dandenong moves into development phase
Nearly six years after Capital Alliance was appointed to redevelop five sites in central Dandenong, demolition works have begun on
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Abacus collapse sees bank-turned-restaurant return to market
The collapse of Abacus Bar & Kitchen has returned one of South Yarra’s larger hospitality venues to the leasing market.
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Shahin family monetises another OTR asset
Three major convenience retail investments have changed hands in recent weeks for a combined $25.9 million. In the priciest deal,
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Mirvac eyes stakes in two east coast offices
Mirvac is in advanced negotiations to buy half-stakes in two Premium grade east coast CBD office towers. The interests in
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Kinglake buys ex-Coles
Kinglake Group has bought a Coles converted large-format-retail investment in Bass Coast’s largest town – outlaying $6.7 million. Anchored to
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Blackstone weighs AirTrunk asset spin-off
Blackstone is considering introducing new investors into AirTrunk’s operating assets including a landmark facility in Melbourne. With partner Canada Pension
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Valmorbida resets King & Godfree site with Karen Martini
A collection of new venues is replacing the former King & Godfree format under owner Jamie Valmorbida. Today, Karen Martini
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Footscray Hospital consulting suites near full
The commercial healthcare component at the new Footscray Hospital is nearing full occupancy. Imaging Associates is the latest group to
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Telstra lists spectacularly located exchange with 12 level scheme
Telstra has listed one of its best-located outgoing Melbourne exchanges – capturing bay and city views. The irregular-shaped 974 square
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Guzman y Gomez fetches $5.2m for Brix, Costa
Brix Property Group and Costa Asset Management have sold down another piece of a major Melbourne development. The month-old Guzman
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First wave of Barbeques Galore showrooms hit leasing market
The first wave of Barbeques Galore showrooms are returning to the leasing market. First cabs off the rank are two
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