Underutilised city office trades on 1.6pc yield
A low-rise office with significant development upside near the State Library has sold for c$12.9 million. The deal for 152-156
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Victoria
Vietnamese backed syndicate bids big on Lalor supermarket
A local syndicate backed by Vietnamese capital has paid $13.77 million for the Coles supermarket, in Lalor’s May Road. On
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Cinema owner spends $24.5m to expand Hawthorn holding
Cinema owner Eddie Tamir has paid $24.5 million for the Coles Hawthorn freehold. With the deal, the businessman controls five
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Silk expands in Melbourne’s west
Silk Contracts Logistics has rented a second west Melbourne warehouse from Frasers Property Industrial. The 12,726 square metre facility, under
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Six parties sell Brighton block to developer
Six villa unit owners across two complexes in Brighton have united to sell their amalgamated holdings to a developer, which
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Oviss family offloads another strip retail portfolio
The Oviss family has banked $18.5 million from another tranche of Melbourne strip retail investments. At a portfolio auction event,
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Green light for Jam Factory redevelopment
The City of Stonnington has approved a major redevelopment of South Yarra’s Jam Factory. As part of the plan, announced
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Cedar Woods snaps up Southbank apartment site
Cedar Woods has purchased another apartment development site, this time in Melbourne’s super-dense Southbank. The 2717 square metre Capital City
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Melbourne Uni starts filling $200m Parkville student precinct
The University of Melbourne has secured a swag of leases for the first stage of the $200 million New Student
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RMA leases Mickleham warehouse
Dexus is the latest landlord to be rewarded for building a large warehouse on a speculative basis, securing a lease
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Union misses out on Carlton’s John Curtin Hotel
An offshore developer is speculated to have outbid an offer by Victoria’s union movement for the historic John Curtin Hotel
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Prominent South Yarra ex-Mecca store, signs for sale
A high-profile South Yarra investment – set to become even more prominent when it forms the apex of a proposed
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Spencer Street office fetches c$325m
CBRE Investment Management is selling a prominent Melbourne office held for four and a half years. The former Melbourne Water
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Gourmet chefs lease ex-George Calombaris restaurant in Kew
A Kew property formerly owner-occupied by celebrity chef George Calombaris has been re-let after sitting vacant for two years. Two
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Eltham supermarket trades on 3.3pc yield
The founders of ASX-listed Hansen Technologies have banked $35 million – more than triple what they paid Woolworths in 2001
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Roberts Co picks up five Melbourne Probuild projects
Roberts Co has acquired five Melbourne projects from failed developer Probuild. Mooted last month, the deal gives the Sydney group
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Assembly snaps up two more Melbourne industrial investments
Lowy family backed Assembly Funds Management and Cadence Property Group have snared two more Melbourne industrial investments for the Assembly
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Maribyrnong warehouses earn $20m from developer
Another industrial property around the Highpoint Shopping Centre will make way for a major apartment complex, after selling to a
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End of an era with Sofia restaurant redevelopment approved
EXCLUSIVE The Victorian Civil and Administrative Tribunal has given Pomeroy Pacific the green light to replace Camberwell’s Sofia restaurant and
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Abacus sells half stake in St Kilda Road office
Abacus Property Group has offloaded its half interest in 464 St Kilda Road – the Victorian Automobile Chamber of Commerce
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Spotswood coach depot trades at 1.99pc yield
A Spotswood coach depot once owned by AAT Kings Tours has sold for $6.4 million reflecting a low 1.99 per
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Time & Place pockets Hotel Lindrum as development play
Time & Place has purchased the historic Hotel Lindrum as a development play. The high profile six storey building on
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Early Settler, CEVA pre-commit to major Melbourne warehouses
Two major south east Melbourne industrial pre-commitments have been signed this month. In the biggest deal, Early Settler will occupy
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Clemenger chooses Bourke Street Mall for headquarters
Clemenger Group will relocate headquarters from its long-time home at 472-474 St Kilda Road to the top four floors of
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Developers spend $10m on eastern suburb apartment sites
Two eastern suburb sites permit-ready for mid-rise apartment buildings sold this week. In Ormond, developer Peter Gibson has banked $6.21
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Consortium swoops on Kensington’s Younghusband site
ASX-listed Irongate Group, local construction firm Built and Canada’s Ivanhoé Cambridge are paying $60 million for Kensington’s Younghusband site. The
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AVC adds Apollo Bay Hotel leasehold to portfolio
Australian Venue Co is acquiring the leasehold of the historic Apollo Bay Hotel, on the Great Ocean Road. The freehold
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Colin Delutis buys Sorrento cinema
EXCLUSIVE Colin Delutis’ DeGroup has quietly purchased the Peninsula Cinemas Sorrento as a long-term hold. Also known as the Athenaeum,
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Milieu, Besen family snap up ex-ABC Elsternwick studio
EXCLUSIVE Boutique apartment builders Milieu Property and Besen have snapped up the Australian Broadcasting Corporation’s ‘Gordon Street studio’, at Elsternwick,
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Melbourne Uni sells Hawthorn campus to apartment developer
The University of Melbourne has sold its Hawthorn campus – also the location where Millionaire Hotseat applicants were tested –
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