NASDAQ listed LeMaitre Vascular sells local HQ near new Arden train station

NASDAQ listed LeMaitre Vascular – which manufactures artificial veins, a patented technology – has sold its Australian sales centre near the site taking shape as the Arden train station, part of the $11 billion Metro Tunnel project. The buyer outmuscled a mix of other owner occupiers, and investors, to secure 36-40 Munster Terrace for $2.701

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Mazda Australia pre-commits to Frasers Property Industrial’s 4Ten Epping business park

Frasers Property Industrial has signed up Mazda Australia to be the first occupier at its 4Ten Epping industrial estate, in Melbourne’s north. Mazda has pre-committed to a 37,235 square metre facility which will be occupied as its national parts and distribution centre. Due for completion in December the property will include 960 sqm of office

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Virtus Property Group pays Reece Australia $17.9 million for Clayton industrial investment

Virtus Property Group is paying $17.9 million for an industrial investment in Melbourne’s south east Clayton. The soon to be vacated property was sold by Reece Australia and its owners, the Wilson family, following an off-market deal negotiated by JLL. At 74-86 Garden Road, the asset includes a 10,857 square metre warehouse with clearance of

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Property Council of Australia 1H20 Office Market Report shows vacancy in Sydney, Melbourne, still tight

The Property Council of Australia released its twice annual Office Market Report today. The national stock comparison showed vacancy in Adelaide and Perth improved since the 2H19 (known in industry circles as ‘the July’) OMR. Melbourne’s CBD had he highest occupancy rate of any capital – at 96.8 per cent. The PCA said more than

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CEVA Logistics commits to last piece of FPI’s West Park Industrial Estate in Truganina

Frasers Property Industrial has found a tenant to occupy the last piece of land at its 310 hectare West Park Industrial Estate in Melbourne’s western Truganina. CEVA Logistics, which already occupies 238,670 square metres of industrial stock at the park (including a landmark 166,000 sqm, $80 million warehouse), has signed a six year lease for

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Macau investor snaps up Moorabbin showroom for $21.8 million

EXCLUSIVE Freedom Group Limited, controlled by Greenlit Brands, has sold a high profile large-format Moorabbin retail asset for $21.8 million. A Macau investor is picking up 1000 Nepean Highway, opposite Moorabbin Homemaker Centre, about 15 kilometres south east of the Melbourne CBD. The recently refurbished double storey showroom at the south east corner of Worthing

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Steller receivers sell Parkdale hospital to tenant for $10.2 million

EXCLUSIVE In an unusual deal, Calvary Health Care Bethlehem has snapped up a Parkdale hospital it only recently agreed to rent temporarily. The healthcare service and accommodation provider is paying $10.2 million for 152 Como Parade West, about 20 kilometres south of the Melbourne CBD. Formerly owner occupied by Healthscope, which was the client selling

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Former Carlton hotel sells for $6.8 million as development play

Interests associated with burgeoning builder Ausgroup Property and Development have paid $6.8 million for a corner hotel turned mixed use investment in Melbourne’s inner north Carlton. The deal is the first and only one struck along the suburb’s Lygon Street retail strip last year. Colliers International’s Daniel Wolman, Oliver Hay and Dave Walker, with MMJ

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