ESR sells Dingley Village industrial investment for $19.75 million

Hong Kong based logistics real estate platform ESR is continuing to reweight its portfolio, selling an industrial investment in Melbourne’s Dingley Village for $19.75 million. The 3.9 hectare holding at 1-5 Lake Drive is trading to Sydney-based HB+B Property, a diversified investor and developer. The Industrial 1 zoned land is configured with three vacant warehouses containing

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City of Greater Geelong appoints Quintessential Equity to build $200 million landmark HQ

The City of Greater Geelong has appointed Quintessential Equity to build what will be its next headquarters, at 137 Mercer Street. The COX Architecture designed development will result in the council consolidated from seven locations including the waterfront office at 100 Brougham Street which was once home to failed investment house Pyramid. Construction of the

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Split Enz’s Noel Crombie lists former Emulation Hall masonic centre, in Canterbury

Former Split Enz member Noel Crombie is selling one of Melbourne’s most distinctive commercial properties, in Canterbury. Emulation Hall, also known as Chatham Hall, was built as a masonic centre by Freemasons Victoria between 1927-28 and utilised until 2013. Said to be one of Australia’s last examples of Egyptian Revivalism design, the fraternity sold 3

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Ascendas REIT pays more than $100 million for Nissan’s next Australian HQ, in Mulgrave

EXCLUSIVE Ascendas REIT is acquiring a major suburban Melbourne office on a forward-funding arrangement. The listed Singapore real estate giant is paying Frasers Property Australia and ESR Australia $110.9 million for Building 1, 254 Wellington Road, Mulgrave. The office will be one of four commercial assets developed on the former Peters Ice Cream factory, about

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Coles sells former Gardenvale car yard to developer

EXCLUSIVE Coles has successfully auctioned a high-profile former used car dealership in Melbourne’s Gardenvale. A developer fought three underbidders to snare 203-207 Nepean Highway, paying $3.65 million. The purchaser plans to owner-occupy part of a mixed-use project now set to replace the 1123 square metre holding. Zoned Commercial 1, a variety of development outcomes can

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Zagame Corporation pays $55 million for Hawthorn office to create battle-axe shaped super-site

Robert and Victor Zagame Junior – who run the hospitality empire established in 1971 by their late father, Victor Zagame Senior, have paid $55 million for a Hawthorn office. The Swinburne University leased investment, 2 Luton Lane, adjoins other commercial properties Zagame Corporation owns in the pocket, including one it is speculated to be buying

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CSC spends $32.25 million on Exhibition Street properties to protect 101 Collins Street views

Commonwealth Superannuation Corporation (CSC) is quietly snapping up properties surrounding – and in a bid to protect views from – its landmark 101 Collins Street office tower. The superannuation manager for Australian government and Defence Force staff – paid $27.5 million earlier this year, for a six-level office on a 344 sqm plot at 45

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Brisbane, Melbourne childcare centres set to smash national records

A Brisbane childcare centre investment listed this month could be the most expensive sold in Australia – smashing the record set last year for a Sydney centre, by some $14 million. The Bowen Hills complex, three kilometres north east of the Queensland capital, is expected to trade for more than $35 million. It forms part

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Reading International, Inc, leases space within Charter Hall’s Millers Junction for premium cinema

Reading International, Inc, will occupy a state-of-the-art cinema within Charter Hall’s Millers Junction retail development, in Melbourne’s west. The NASDAQ listed company plans to trade from its six-screen Altona North complex by mid-2020. “Reading Cinema Millers Junction will showcase the highest quality in Australian cinema as western Melbourne’s first premium TITAL LUXE auditorium with convenient

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