A New Zealand investor has spent $7.1 million on a modern west Melbourne industrial property following video walk-through inspections. The fully leased asset at 33-39 Jessica Way, Truganina, is trading on a 5.75 per cent net passing yield. It includes an office and dry blending and milk powder factory, constructed in 2008 and expanded in

An investor has spent $4.25 million for the strata titled south east edge of the Kilsyth Shopping Centre. The 2183 square metre building, which occupies all of the footprint, is tenanted to Coles on a month to month basis and was also marketed to owner occupiers. On Commercial 1 zoned land, Savills’ Rick Silberman and

A newly formed investment fund has spent $3.9 million on a Brunswick property with development upside. The 1996 square metre Industrial 1 zoned site at 3-7 Syme Street was offloaded by Brunswick Industries Association – a not for profit group which provides employment support – with a long settlement. The west boundary abuts 94 Feet

An entity which because of COVID-19 had to suspend the April bulk-auction of seven small Keysborough industrial investments has sold them, but via a two stage expressions of interest campaign. Demand wasn’t dampened, according to the selling agents, Gross Waddell’s Andrew Greenway, Alex Ham and Australian Professionals Property Service’s Paul Doherty – with 26 offers

The Suleman family’s development arm has appointed ABD Group to construct a major build-to-rent based village in Melbourne’s inner west Spotswood. Union Quarter at 31-69 McLister Street, on the south east corner of Melbourne Road, will contain 334 apartments – 34 which will be for National Disability Insurance Scheme accommodation – within a six and

The 130-year old former Geelong Post Office will be converted into a boutique hospitality complex after selling to town local Bill Votsaris for a speculated $4.3-$4.5 million. City of Greater Geelong offered 83 Ryrie Street for sale or lease seven months ago as part of a two stage process which followed community engagement sessions regarding

A multi-level Bunnings is proposed to replace the high profile Chamton factories in Melbourne’s inner north Brunswick. The double storey outlet earmarked for 145 Glenlyon Road would spread about 8459 square metres – a similar area to a standard suburban warehouse – and sit over a two floor, 250-bay basement car park. A sliver of

Frasers Property Australia will replace a Clyde North dairy farm with 1600 dwellings and 6000 square metre town centre after striking a partnership for the eight-year project with the land owner. The 116.3 hectare Five Farms Hardys Road housing estate is also earmarked for a residents club, primary school and childcare centre. A 1945 fibro

The sixteenth season of reality TV show The Block has started. In it, five renovation rescues – from each of the 1910s, 20s, 30s, 40s and 50s – which were moved to 360-364 New Street, Brighton, over summer, will be modernised and extended by five contestant teams (see below) to become family sized homes. All

Growthpoint Properties Australia has decided against redeveloping a 25 hectare Broadmeadows distribution centre vacated in February by Woolworths – instead selling it to a joint venture partnership which will. LOGOS Group and Ivanhoe Cambridge are paying $50.2 million for 120 Northcorp Boulevard, in a deal scheduled to settle in 10 days. The incoming owners have

The prominent Fitzroy building part occupied by popular restaurant, Copacabana International, has sold for a speculated $11 million. At 131-143 Smith Street the 1206 square metre rectangle shaped Commercial 1 zoned site has significant development upside, next door to the historic four level Foy & Gibson converted department store and near a proposed eight storey

4Cyte Pathology has leased a standalone building in Melbourne’s south east for a COVID testing centre. The 12-month deal for 609-611 South Road, Bentleigh East, was struck by GrayJohnson’s Stephen Buchan, representing a private landlord. The medical group will pay $65,000 plus GST and outgoings for the site at the north east corner of Valerie

Wilbow is speculated to have swooped on a low-rise office on Commercial 1 zoned land at the south east tip of Northcote’s Westgarth retail strip with the intention to replace it with apartments. The vendors reaped $4.4 million from 48 High Street following an expressions of interest campaign which closed on April 8 – shortly

An audiology clinic near Knox Private Hospital, in Melbourne’s east, has sold for $4.32 million. The vendors, occupiers who purpose built the facility at 230 Mountain Highway, Wantirna, in 1988, offered it with a 10 year lease. The deal, to a local investor, was struck on a 4.6 per cent yield. Within the commercial property

Wel.Co is paying $23 million to private education entrepreneur, builder and City of Wyndham councillor, Intaj Khan, for a residential development site in Melbourne’s west Thornhill Park. The 32 hectare tract at 288-310 Paynes Road can be subdivided into about 400 lots. The property was one of four in the growth corridor which the politician

It could be the end of an era in Pascoe Vale South with a row of four shops on Commercial 1 zoned land – amalgamated since 1962 to occupy as the Shirlene School of Classical Ballet – listed for sale. The northern suburb institution founded by National Theatre Company ballerina Shirley Jones OAM who recently

LOGOS Group is acquiring a 9.7 hectare industrial investment the vendors Time & Place and MaxCap are still constructing, in Melbourne’s north Epping. The incoming purchaser has already branded the 46,240 square metre, three-building business park: LOGOS Epping Logistics Estate. It estimates the asset at 415 Cooper Street will have an end value of about

Essendon Fields – a master-planned commercial village by Linfox and Beck Corporation replacing part of Essendon Airport – has secured another office tenant, this time within the historic freeway facing Beaufort Building. Point of sale and payment provider Verifone has rented a 617 square metre former World War II plane production facility for four years

Caydon is seeking tenants to occupy ground floor shops (pictured, top) and a strata office or showroom (right) forming part of a mid-rise development it has just completed at its Malt District village, around the Nylex sign, in Cremorne. Three of the five retail spaces have been leased – two to hospitality operators and one