Mapletree and Vaughan co-directors settle $18.4m Truganina warehouse deal

Mapletree Logistics Trust has settled on a conditional forward purchase made a year ago for a 2.6 hectare warehouse in Melbourne’s west Truganina. The deal, with retiring Vaughan co-directors Ken and Matthew Vaughan’s Wooreddy Investments, is worth $18.4 million. The 15 Botero Place property includes a newly completed 15,100 square metre warehouse with A-grade specifications,

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News Corp’s Truganina move close following c$55m sale of Westgate Park printing press

LOGOS has released construction shots of News Corp Australia’s Truganina printing press – five months after it was reported to have broken ground. The media group confirmed it committed to the 1.1 hectare facility 22 kilometres west of Melbourne last September. The initial lease term is 10 years. It is from this property its Herald

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Gilson leases upstairs office for private dining space

Restaurateur Jamie McBride has leased a studio office atop of his Gilson eatery for a private function room. The contemporary 83 square metre area, 1/171 Domain Road, South Yarra, includes a balcony overlooking Melbourne’s Royal Botanic Gardens. Self-contained, with hydronic heating and split system air conditioning – the starting annual rent is $50,000. Gorman Commercial’s

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Reece pre-commits to warehouse at and owned by Melbourne Airport

Reece has pre-committed to a 4.7 hectare industrial facility at and owned by Melbourne Airport. The plumbing and bathroom group intends to occupy the 11,670 square metre factory by August, consolidating a number of distribution centres in the city’s north. The proposed property would be the latest within the 410 hectare Melbourne Airport Business Park,

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Regional commercial real estate portfolio sold privately after auctions cancelled

Fifteen east coast commercial properties which were to have been offered at portfolio auctions that were cancelled this quarter because of COVID-19 restrictions, have found buyers following private sale campaigns. Seven assets are rented to businesses considered essential services. Three shops, two offices and two factories – all being outside of Victoria – are also

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PrimeLand, Baksh Capital pay $9m for East Melbourne’s historic Magnolia Court

PrimeLand Group with Singaporean fund Baksh Capital has paid $9 million for East Melbourne’s Magnolia Court with intentions to renovate and extend it. The guesthouse at 95-101 Powlett Street wasn’t for sale six months ago however, with hospitality one of the hardest hit sectors in the early stages of the COVID-19 pandemic, vendor Leaper Holdings

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Pelligra spends c$38m on sites in Carlton, Braybrook

Pelligra Group is paying a speculated $35 million for the Rydges on Swanston hotel at the centre of the botched quarantine program, part responsible for Melbourne’s latest COVID-19 outbreak. The 107-suite guesthouse at 701 Swanston Street, Carlton, will now be renovated as a 4.5-star inn with conference facilities, and re-let. Vendor, Adelaide based hotelier David

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