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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Victoria
Receivers offload first piece of failed STH BNK project
Plans for Australia’s tallest tower are off the table after part of the block it was earmarked for sold to
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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. Anchored to Anglicare, with a Cheap
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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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Aston widens employee ownership in succession move
Aston Commercial has expanded its shareholder base. Increasing his equity holding is executive director Marc Hayden who started as a
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Cremorne’s newest office reaches practical completion
One of the last major office developments expected in Cremorne before the end of the decade has reached practical completion.
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Major health hub coming to Melbourne’s west
A major new healthcare hub is set to open in Melbourne’s west following a lease to a national operator. The
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Charter Hall, BGRE fill more of all-electric Melbourne office
Charter Hall and BGRE – the new name for Brookfield Properties – have sealed three more lease deals at an
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Melbourne lifestyle centre fetches $32m
A prominent homemaker centre with high density residential development upside, eight kilometres from Melbourne’s CBD, has sold, for $32 million.
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McDonald’s starts work on controversial outlet
McDonald’s has begun construction of a suburban Melbourne store, three months after it was approved by the Victorian Civil and
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Developer sells $300m Melbourne shopping centre portfolio
Oreana has sold three unbuilt shopping centres as part of a four-property portfolio, in Melbourne, with an end value of
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Perron sells Westfield Airport West stake
Perron Group has quietly sold its half stake in the triple-supermarket anchored Westfield Airport West, north west of Melbourne. The
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Developer lists sprawling inner-city shopping centre
Adio Property director Michael Bonadio has listed a prominent shopping centre with significant development upside about six kilometres from town.
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Not-for-profit, for-profit trade Melbourne site
Villa Maria Catholic Homes has sold an infill Melbourne aged care home site held for six years. The not-for-profit secured
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Cadence, Fife trade Melbourne industrial sites
EXCLUSIVE Fife Capital has agreed to buy neighbouring sites in a logistics estate taking shape in Melbourne’s outer south east
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ESR spends $52.5m for Melbourne warehouse
Centuria has ended well in the black selling a major Melbourne industrial investment bought nine years ago by Primewest, which
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Private schools trade historic campus
The historic Bostock House has traded between two of Geelong’s best-known private schools. Geelong College is believed to be paying
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Data centre giant buys $350m Melbourne site
The McMullin family has banked an extraordinary capital gain selling a business park site to Blackstone-controlled AirTrunk, which is planning
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Former AFL star’s Melbourne hotel sold
A suburban Melbourne hospitality venue linked to ex-Richmond footballer Kayne Pettifer has sold to an occupier. The former Bungalow Beer
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House of Golf expands with new Melbourne distribution centre
The House of Golf has leased a Melbourne distribution centre. The recently completed building (pictured, right) at 12 Rosebride Place,
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Dustin Martin, Ralph Carr reoffer historic Melbourne investment
EXCLUSIVE Three time Richmond premiership player Dustin Martin and his long-time manager Ralph Carr are again testing the market with
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Developer lists new high-profile childcare centre
Childcare investor and developer Mark Pernell has listed a new centre in Melbourne’s north. The Eden Academy backed asset at
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High-profile Melbourne warehouses sold in one line
A high-profile retail-warehouse investment beside the enormous Frederick Romberg-designed ETA factory, in Melbourne’s inner-west, has sold to one buyer after
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Arcare buys another Melbourne site
Aged care accommodation operator Arcare has bought another Melbourne development site. The Knowles family-controlled group is speculated to have paid
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Melbourne quarantine facility reopens as flash hotel
An inner-city Melbourne hotel linked to one of Victoria’s biggest quarantine outbreaks has reopened under an international brand – six
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Riverlee fills more of Melbourne health hub
Riverlee has filled more of a suburban Melbourne medical centre being built speculatively. Four Corners Medical has committed to 450
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Melbourne office sold for BYD dealership
Car dealership executive Darren Bourke has bought a vacant suburban Melbourne office with plans to repurpose and relet it as
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Neighbour snaps up historic Melbourne church
St Mary’s Coptic Orthodox Church has bought an inner-city Melbourne church less than two years after redeveloping its nearby campus.
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Repurposed Moonee Ponds Theatre sold
EXCLUSIVE A historic cinema concealed behind a nondescript retail façade in Melbourne’s north-west has changed hands. The ex-Moonee Ponds Theatre,
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EdTech group shifts HQ within Hawthorn
Education technology – or EdTech – group, Compass, is relocating its headquarters within Hawthorn. The company, responsible for amongst other
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M&G sells boutique Melbourne hotel
M&G Real Estate has sold an inner-city Melbourne hotel held just over 10 years. A Singapore trust managed by the
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Melbourne Centrelink sells for $14.5m
An inner-city Melbourne Centrelink with significant development upside has sold for $14.5 million off-market. The result for 75 Moore Street,
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Stockland bulks size of Brunswick project
Stockland is seeking to almost double the number of apartments planned for a Brunswick timber yard it bought in 2020.
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Brookfield fills more of Melbourne business park
Brookfield Properties, part of Brookfield Corporation, which is to rebrand to BGRE this month, has secured two more occupiers to
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Singapore giants trade $277m Melbourne industrial portfolio
ESR has agreed to buy five Melbourne logistics assets from Frasers Property Industrial – a long-time co-investment partner. For the
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Hickory buys notorious waste dump
An industrial site which became one of Victoria’s largest illegal waste dumps has sold. Construction giant Hickory is believed to
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Mirvac sells St Kilda Road office
Mirvac has suffered another hit selling an office, this one in Melbourne’s city fringe. The ASX-listed developer is banking $130
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Ex-Courtney & Patterson dealership sold
Marwood Property has bought its second Melbourne development site in a week – this time in the north east. The
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Telstra sells Melbourne exchange to developer
Telstra has sold another outgoing telephone exchange to a developer. The ASX-listed telco is reaping about $1.7 million, sources say,
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Sporting Globe owner buys historic Melbourne pub
EXCLUSIVE The Francis family’s 35 year stewardship of one of Melbourne’s better-known suburban gaming hotels has come to an end,
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Gandels drop $17m for property neighbouring sculpture park
John and Pauline Gandel have expanded their Point Leo holding on Victoria’s Mornington Peninsula. The couple are paying $16.75 million,
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Melbourne day hospital sold
The strata-titled Sir John Monash Private Hospital at Clayton has sold. The $7.65 million result for suites 15-21, occupying part
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Inner-city Melbourne warehouse fetches $11m
A major inner-city Melbourne industrial investment has traded for about $11 million. Spanning 5760 square metres, or 1.42 acres, 44
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Developer buys high-profile Melbourne Officeworks
Officeworks’ days at 231 Kings Way in South Melbourne are numbered with the landlord selling the site to a developer.
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BYD expands in Melbourne, Sydney
Chinese car giant BYD has expanded again, committing to additional space at a Melbourne industrial estate (pictured, right) acquired late
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Outskirt Melbourne pub sells for $8m
A large-format hotel freehold on Melbourne’s outskirts has sold for $8.5 million. A syndicate led by Oliver Hume is buying
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Artist closes Melbourne gallery
An inner-city gallery operated by one of Australia’s better known contemporary artists has closed after 16 months. In a surprise
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Discovery Parks buys Breeze portfolio
Discovery Parks is set to buy four holiday parks – in Victoria, Western Australia and the Northern Territory. The $40
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Centuria lists life science investments
Centuria has listed two east coast life science investments with almost a decade of contracted income. In the Monash National
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Swatch leases store for luxury brand
The Swatch Group has leased another space in Melbourne’s Collins Street – this time for one of its luxury brands.
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New owner for stalled Artis site
The inner-city site once set for Crown Group’s first Melbourne apartment project has sold. The 2076 square metre parcel, 175-187
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Singapore developer spends $350m on housing estate sites
Frasers Property Australia has paid a speculated $350 million for two east coast housing estate sites. In Victoria, the group
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Myer shifts HQ within Melbourne’s city fringe
Myer has relocated its national support office, bringing its corporate team and new Apparel Brands employees under a single headquarters.
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Asset manager buys five Cobram orchards
Warakirri Asset Management has paid $25 million for a five-property orchard aggregation near Cobram in northern Victoria – expanding its
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UEM sells maiden BTR project on funds-through basis
UEM Sunrise has sold its maiden build to rent project – on busy Hoddle Street in Melbourne’s inner east –
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Country’s first Good Brew-backed QSR investment sold
A three year old quick service restaurant investment in central Sale has sold for $1.62 million. The result for 308-310
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Box Hill South LFR investment sold
An offshore investor has paid $15.5 million for a large-format retail investment in Melbourne’s east anchored by Genesis Fitness Club
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Reece buys Melbourne trade centre site
Reece Australia has snapped up a small site in a Frasers Property Industrial estate. The 2043 square metre Industrial 3
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Ex-Baptcare aged care home sold after revamp
A former aged care home in Melbourne’s north has traded nearly three years after being acquired from Baptcare and repositioned
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Swiss watchmaker leases Melbourne building
Swiss watchmaker Patek Philippe has leased the historic Professional Chambers at 120 Collins Street, expanding its presence on Melbourne’s premier
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Schwartz family sells swank Melbourne office
Danny Schwartz has sold an inner-city Melbourne warehouse converted office bought from a mortgagee mid-construction just before COVID. The Fitzroy
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Vale Gerald Rawson
Gerald Rawson, who co-founded Burgess Rawson in 1975 and remained active in the property industry after selling the business in
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Geelong developer enters Melbourne with $20.6m site
A lucky family has sold a Melbourne farm – now at the centre of a growth corridor – to Geelong
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Australian Unity buys Casa Capace SDA portfolio
Australian Unity, for the Specialist Disability Accommodation Fund, has bought the Casa Capace specialist disability accommodation portfolio lifting assets under
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Ryman, Cedar Woods trade ex-high school, Melbourne
Ryman Healthcare has taken another haircut selling a Melbourne development site. Following an off-market deal, the Australian and New Zealand
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Newmark sells Tooronga Village
Newmark Capital has quietly divested a Coles-anchored shopping centre in Melbourne’s leafy east after seven years and selling down five
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Developer swoops on Melbourne coffee roaster
A row of inner-city properties including one leased to coffee roaster, Seven Seeds, has sold for the second time in
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Operators trade Dandenong South going concern
A concrete products manufacturer has bought both the real estate and operating business of a Dandenong South rival. The going
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Barings consortium buys Moorabbin Airport
Barings has quietly agreed to buy Melbourne’s Moorabbin Airport precinct from Goodman Group – a deal valuing the asset at
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Event hire group signs west Melbourne industrial lease
An event hire business which services the Australian Open, Australian Grand Prix and AFL Gather Round, has signed a major
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New development outfit buys lakeside Melbourne office
A new development group led by Justin Liberman and Paul Solomon has bought an under-utilised office near the top of
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