ESR is speculated to be spending more than $75 million on an industrial development site in Melbourne’s south east. The 78.8 hectare parcel, 590 and 620 Western Port Highway, Cranbourne West, has been held for decades by the renowned Kelly farming family. Cameron’s Ben Cooper, Angus Clark and David Johnson closed an expressions of interest

Allianz Real Estate is reportedly snapping up two modern student accommodation towers in Melbourne’s inner north Carlton. The investments formed the Journal Student Accommodation Fund – which was 90 per cent controlled by Johannesburg listed Redefine Properties with the balance held by the Davidoff family’s Citiplan. The vendors appointed JLL to market the assets late

A 97-suite hotel listed for sale in 2018, and completed last year, has traded for $40 million. Sebel Moonee Ponds at 41 Homer Street is one of several structures within Mason Square, a mixed-use but predominantly residential village replacing a 1.34 hectare piece of the former Moonee Ponds Market, seven kilometres north west of Melbourne.

Mount Eliza’s waterfront Morning Star Estate is on the market again. Asking $40 million, it is the third priciest residential property for public sale in the state. On 63.2 hectares, 2 Sunnyside Road contains a grand Victorian mansion built in 1867 for the Gillett family. For decades until 1975 it served as the Morning Star

Kaufland has found buyers for nine Australian properties – today revealing the ASX-listed buyers for two of them. Its portfolio – an unbuilt distribution centre and parcels earmarked for supermarkets – was estimated to be worth $500 million. The Germany based retailer spent more than two years acquiring properties and creating a development pipeline ahead

A high clearance single storey warehouse in Melbourne’s inner north east Collingwood has sold to an owner occupier for $8.4 million. The brick structure at 163-165 Islington Street spreads a 1200 square metre site. Zoned Commercial 2, it could make a way multi-level office project. The sale comes a week after UEM Sunrise spent $43m

Design details of Victoria’s biggest vertical public school – earmarked for part of the Fitzroy Gasworks site in Melbourne’s inner north east – have been revealed. Known in planning circles by the interim name of Fitzroy Gasworks Senior Campus, the Fitzroy North facility will be utilised by students from both Fitzroy High School and Collingwood

Daisho has settled on the $220 million purchase of the hotel component within Cbus Property and Industry Superannuation Property Trust’s Collins Arch. The property sale was announced in late 2016. At the same time, Marriott International confirmed it as Melbourne’s first W Hotel (the country’s maiden inn opened in Brisbane two years ago). The complex,

A Sydney based developer has swooped on a permit-ready apartment site – also a mortgagee sale – in Melbourne’s ritzy Glen Iris. At 1542-1544 High Street, the 1700 square metre parcel traded for $5.68 million following an expressions of interest campaign which closed two weeks ago. The purchaser has agreed to settle in 30 days.

Caydon has sold a small, strata titled retail investment at the ground floor of an apartment tower recently completed on part of the ex-Moonee Ponds Market site. Shop two of 40 Hall Street is trading to a Darwin-based investor for $1.025m following a private sale campaign. Five formal offers were received, CBRE marketing agents Nic

EXCLUSIVE Poly Global has upped the size but reduced the height of a proposed commercial complex near Richmond’s Pelaco sign after quietly snapping up a neighbouring block. The Shanghai listed international real estate company is now planning an L-shaped project six levels at its highest. The design includes a laneway connecting 150-152 Bridge Road and

Tasman Logistics Services has rented an industrial property on land forming almost a fifth of the proposed $2 billion Yarraville Gardens “mini-city”, in Melbourne’s west. The occupier has committed to 361-367 Francis Street, Yarraville, for an initial three years, paying starting annual rent of $900,000. With an 11,300 square metre warehouse the 4.62 hectare facility is

EXCLUSIVE UEM Sunrise is paying Jowett Motor Group $43 million for a row of car yards on the Collingwood side of Hoddle Street, in Melbourne’s inner east. The 5390 square metre site on the south west corner of Langridge St was unsuccessfully marketed 11 months ago with price hopes of c$40m. Colliers International’s Oliver Hay

EXCLUSIVE Jewish Care Victoria is readying to sell surplus land at the back of its St Kilda Road headquarters – a landmark site which stretches a block, and into another suburb to Punt Rd, in Melbourne. The vacant four-level Montefiore Homes For the Aged building and car park on land of 4300 square metres –

A China based investor has paid $8.08 million for a modern childcare centre in Melbourne’s Oakleigh East. The sale price for 82 Ferntree Gully Road reflects a 5.4 per cent gross passing yield. CBRE’s Sandro Peluso, Jimmy Tat, Josh Twelftree and Marcello Caspani-Muto said a formal sales campaign had not been launched: however the 106-place

Zig Inge Group is selling the St Kilda office for years occupied by Austereo which used the rooftop for concerts on behalf of its Fox FM and Triple M radio stations. Nowadays, 180 St Kilda Road is fully tenanted to ASX-listed Victory Offices. It recently underwent a high-quality refurbishment which included a central atrium over

After recently selling a Springvale aged care centre as an investment, Japara – one of the country’s largest industry service providers – is offering two more. The agency it has appointed – Savills – has even thrown in a multi-storey facility it is co-marketing on behalf of a private investor, to create a near $30