ARA Asset Management proposes 21-level office as part of $800m Southgate makeover

ARA Australia, the local arm of Singapore’s listed ARA Asset Management, intends to build a 21-level office as part of an $800 million makeover of its two hectare Southgate complex on the banks of Melbourne’s Yarra River. An application lodged with planning minster Richard Wynne also proposes a “re-invigoration” of the centre’s shopping and dining

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Vicinity proposes $2b Box Hill redevelopment – including suburb’s tallest tower

Vicinity Centres has unveiled plans and lodged the first permit applications for a $2 billion mixed-use redevelopment of its prominent Box Hill Central sites, in Melbourne’s east. Affecting 5.5 hectares, the project will be identified by a 48-level tower, the suburb’s tallest, set to contain 366 flats, 7000 square metres of office area and ground

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Sentinel banks $39m selling Sunshine North homemaker centre to Assembly, Cadence off-market

Sentinel Property Group has sold City West Plaza in Melbourne’s west to Cadence Property Group and Assembly Funds Management, the latter an entity part-financially backed by Sydney-based Westfield co-founders, the Lowy family. The Sunshine North homemaker centre at 484-486 Ballarat Road is trading for $39 million following an off-market deal negotiated by JLL’s Stuart Taylor

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Brunswick’s Princes Park Motor Inn site for sale after years of controversy

The high-profile Brunswick site with protected Melbourne CBD view lines over Princes Park has been listed for sale by its Chinese developer owner after four years of planning controversy. The 6465 square metre parcel known as 699-701 Park Street, but actually comprising multiple addresses, could trade for close to $40 million according to sources. Vendor

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