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Victoria

News Victoria 

Vicinity sells Sydney’s Lidcombe Centre for c$145 million

October 23, 2018 Marc Pallisco

Vicinity Centres has sold Sydney’s Lidcombe Centre retail asset (pictured top and bottom) for about $145 million. The asset, anchored

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News Victoria 

Geelong industrial investment with Olympic Games connection sells for c$6 million

October 19, 2018October 19, 2018 Marc Pallisco

Another commercial investment property on Victoria’s Surf Coast has sold. The warehouse, in Breakwater (pictured top, left and bottom), four

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News Victoria 

Greg ‘Diesel’ Williams sells landmark Essendon home for close to $7 million

October 21, 2018 Marc Pallisco

Retired AFL sportsman Greg ‘Diesel’ Williams has sold his landmark Essendon home. Ardoch Tower (pictured top and left) on Brewster

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News Victoria 

Dandenong’s Family Law Court of Australia building listed with $10 million-plus price hopes

October 19, 2018October 23, 2018 Marc Pallisco

Melbourne’s only family law court outside of the CBD has been listed for sale as an investment with development upside.

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News Victoria 

Two more Melbourne childcare centres sell in deals totalling $8.3 million

October 19, 2018 Marc Pallisco

Two more Melbourne childcare centre have sold in deals totalling $8.3 million. In Epping, a complex opened in 2017 (pictured

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News Victoria 

Coles Property Group lists $40 million-plus Melbourne shopping centre

October 19, 2018 Marc Pallisco

Coles Property Group is selling another neighbourhood shopping centre with a leaseback. Aurora Village in Epping, in Melbourne’s north, is

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News Victoria 

Defence department lists Melbourne’s largest remaining urban infill site

October 18, 2018November 20, 2021 Marc Pallisco

The Department of Defence has listed Melbourne’s largest remaining urban infill development site. As we covered in this item, in

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News Victoria 

‘Dennis Denuto office’ from The Castle for sale

October 18, 2018February 5, 2021 Marc Pallisco

The Brunswick building which dubbed as the office of lawyer Dennis Denuto in 1997 film The Castle is for sale.

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News Victoria 

EG outlays $33.3 million for strategic Melbourne industrial estate

October 17, 2018October 17, 2018 Marc Pallisco

Fund manager EG has spent $33.3 million on an industrial site in Melbourne’s Glen Waverley. The Sydney based investor said

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News Victoria 

WHL moves David Jones’ Australian headquarters from Sydney to Melbourne

October 16, 2018October 2, 2020 Marc Pallisco

Two years after David Jones confirmed it would relocate its office headquarters from Sydney to Melbourne, the retailer is ready

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News Victoria 

Jeff Xu sells five shops and a former nightclub in the Melbourne CBD

October 16, 2018November 23, 2018 Marc Pallisco

Golden Age director Jeff Xu sold a Melbourne CBD building for $14.5 million at auction last week – shortly after

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News Victoria 

Vaughan Constructions sells Dandenong South office-warehouse to Dex Collections for $8.5 million

October 16, 2018October 20, 2018 Marc Pallisco

Vaughan Constructions has sold a purpose-built commercial investment within Dandenong South’s Hammond Business Park to occupier, promotional product supplier, Dex

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News Victoria 

Lascorp Group and Herzog family offload Abbotsford investment for $37.3 million

October 16, 2018 Marc Pallisco

Co-investors, property developers Michael Lasky’s Lascorp Group and the Herzog family, have sold adjoining assets on the banks of the

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News Victoria 

Buddy Franklin set for $1.4 million-plus payday from disposal of Melbourne home

October 16, 2018 Marc Pallisco

AFL footballer Lance “Buddy” Franklin (pictured, left) looks set to score big in the property arena – offering a Donvale

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News Victoria 

KFC signs five year lease for spot in St Kilda’s Acland Street

October 16, 2018 Marc Pallisco

The Colonel is coming to Melbourne’s bayside St Kilda. KFC has leased a 90 square metre retail space at the

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News Victoria 

Malaysian investor pays more than $16 million for St Kilda’s Habitat HQ backpacker hostel

October 16, 2018October 16, 2018 Marc Pallisco

The Habitat HQ backpacker hostel in Melbourne’s St Kilda has sold to a Malaysia-based investor for more than $16 million.

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News Victoria 

Warrington Property sells Melbourne industrial park for $42 million

October 15, 2018October 16, 2018 Marc Pallisco

Perth-based Warrington Property has sold a 5.6 hectare logistics centre near the Melbourne Airport to Centuria Industrial REIT for $42

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News Victoria 

SP Setia breaks ground on $565 million apartment tower and hotel to replace former Telstra exchange

October 15, 2018October 16, 2018 Marc Pallisco

Property heavy hitters including the CEOs of SP Setia’s Australian operations, Mr Choon Kai Wai, and Shangri-La Asia Limited, Mr

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News Victoria 

Mixed use asset in Doreen, anchored by a childcare centre, sells for $15 million

October 19, 2018 Marc Pallisco

A mixed-use asset anchored by a childcare centre in Doreen, in Melbourne’s north-east, has traded for $15 million to a

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News Victoria 

Chris Morris lists landmark Middle Park home

October 15, 2018January 30, 2021 Marc Pallisco

Postscript: This property is now sold. Read that story here. Computershare co-founder Chris Morris is selling one of Melbourne’s most

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News Victoria 

Rowville office-warehouse sells off-market for $13 million

October 12, 2018October 12, 2018 Marc Pallisco

An investment in Melbourne’s south-east suburb of Rowville has sold for $13 million to a local owner-occupier. It was the

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News Victoria 

Aged care investment Crofton House, in Blackburn, sells to Asia-based family for c$8.5 million

October 12, 2018October 16, 2018 Marc Pallisco

An Asia-based family is paying a price speculated to be $8.5 million for an aged care investment in Melbourne’s eastern

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New South Wales News Queensland Victoria 

Centuria Capital Group and Paul Lederer acquire Hines portfolio of four offices on Australia’s east coast for $645 million

October 16, 2018October 16, 2018 Marc Pallisco

Centuria Capital Group (CNI) with businessman Paul Lederer are buying four offices on Australia’s east coast for $645 million. A

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News Victoria 

Former AFL premiership player leases Fitzroy premises for creative agency

October 12, 2018October 12, 2018 Marc Pallisco

A marketing agency owned by former AFL player, West Coast premiership winner Tyson Stenglein, with business partner David Clarke, has

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News Victoria 

Former Swisse Wellness executive Michael Saba flips Clifton Hill retail asset

October 13, 2018June 21, 2019 Marc Pallisco

Eighteen months after spending close to $7 million on a supersized retail asset in Clifton Hill, Michael Saba – an

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News Victoria 

Former Canterbury aged care complex expecting more than $10 million

October 12, 2018October 12, 2018 Marc Pallisco

An estate in blue-ribbon Canterbury, owned until 2016 by aged care entrepreneur John Matthies, is for sale, again. The 3765

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News Victoria 

South Korea’s National Pension Service in for c$300m payday from sale of Melbourne CBD office

October 12, 2018October 18, 2018 Marc Pallisco

South Korea’s National Pension Service is offering for sale what could be only the fourth Melbourne CBD holding to sell

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News Victoria 

InterContinental Hotel Group’s new and high-end voco brand leases Melbourne CBD building

October 12, 2018October 12, 2018 Marc Pallisco

InterContinental Hotel Group has made another property play in Melbourne, committing to a 252-room hotel in the city, set to

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News Victoria 

Former Mossgreen auction house for lease

October 11, 2018October 11, 2018 Marc Pallisco

The former Armadale premises of antiques and art auction house Mossgreen, which entered administration late last year, is for lease.

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News Victoria 

Gibson PC and Roche PG offload seven retail assets in Melbourne’s Mill Park

October 11, 2018October 11, 2018 Marc Pallisco

Seven retail assets on the ground floor of a Mill Park apartment complex, construction of which has just begun, sold

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News Victoria 

Floridia Italian Social Club lists historic former Kensington Masonic Lodge

October 11, 2018 Marc Pallisco

The Floridia Italian Social Club has listed for sale its long-time Flemington base. The historic property (pictured top, left and

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News Victoria 

Wingara Ag Limited buys Melbourne cold storage complex for $15.1 million

October 11, 2018October 11, 2018 Marc Pallisco

A cold storage complex on three hectares of land over two streets in Melbourne’s west has sold for $15.1 million.

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News Victoria 

AEU to bank c$20 million from sale of riverside Melbourne site it recently had rezoned

October 9, 2018October 10, 2018 Marc Pallisco

The Australian Education Union Victorian branch is selling one of two adjoining properties it owns on the banks of the

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News Victoria 

News Corp Australia sells Leader HQ in Melbourne’s Blackburn for $30.2 million

October 9, 2018October 11, 2018 Marc Pallisco

Vantage Property Investments has paid $30.2 million for the Blackburn headquarters of Melbourne’s Leader newspaper group. News Corp Australia reported

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News Victoria 

Intercontinental Hotel Group commits to Maroondah’s tallest building

October 8, 2018October 9, 2018 Marc Pallisco

InterContinental Hotel Group – the British-based parent of Holiday Inn & Suites – has signed a management agreement for a

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A.C.T. New South Wales News Queensland South Australia Victoria 

Third time lucky for Starwood Capital with $480 million bid for Australian Unity Office Fund

October 8, 2018October 9, 2018 Marc Pallisco

It may be third time lucky for Starwood Capital in its attempt to buy the Australian Unity Office Fund. Following

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News Victoria 

Andrews government selects preferred site for new Footscray Hospital

October 8, 2018October 8, 2018 Marc Pallisco

The Andrews government has selected a preferred site for the new $1.5 billion Footscray Hospital near that suburb’s border with

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News Victoria 

Munz family to sell mansion in Toorak’s best street

October 9, 2018October 9, 2018 Marc Pallisco

Members of the wealthy Munz family are selling a renovated mansion in the street widely considered to be Toorak’s best.

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News Victoria 

South Yarra’s best development site to make way for offices, shops, plaza

October 5, 2018April 26, 2021 Marc Pallisco

It is arguably South Yarra’s best development site, but most locals wouldn’t realise it was there. Airspace, atop rail lines

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News Victoria 

Agent canvas call snares Dunlop Flooring for Dexus

October 5, 2018 Marc Pallisco

Dunlop Flooring has signed a seven-year lease deal for a purpose-built warehouse in Melbourne’s west. The Prime-grade quality investment (artist’s

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News Victoria 

Box Hill deals worth a total of c$55 million made this week

October 5, 2018October 23, 2018 Marc Pallisco

Three prime properties in the Box Hill area found buyers this week, in deals speculated to be worth a total

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News Victoria 

Strategic Bacchus Marsh development site expected to sell for c$20 million

October 5, 2018October 5, 2018 Marc Pallisco

An opportunity to help double the population of the Melbourne township of Bacchus Marsh has arisen, with a private landowner

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News Victoria 

Melbourne CBD shops sell for $6.47 million

October 5, 2018October 8, 2018 Marc Pallisco

Two retail investments on the ground floor of the two-year old MY80 apartment tower in the Melbourne CBD have sold

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News Victoria 

Home of AFL footy cards sells

October 5, 2018 Marc Pallisco

Agents found a buyer for the home of AFL footy cards this week. In the Prahran pocket of Windsor, the

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News Victoria 

Berwick swim centre fetches $7m-plus as development site

October 5, 2018October 8, 2018 Marc Pallisco

An investment marketed as a development opportunity in the outer south-east Melbourne suburb of Berwick is selling for a speculated

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News Victoria 

Former AFL footballer Travis Cloke lists contemporary Kangaroo Ground home

October 5, 2018October 12, 2018 Marc Pallisco

Former AFL footballer Travis Cloke (pictured, top) is selling the Kangaroo Ground property he bought just two years ago. The

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News Victoria 

Investment bank Moelis buying Zagame pub portfolio for a speculated $270 million: sources

October 2, 2018October 3, 2018 Marc Pallisco

New York based investment bank Moelis is understood to be close to finalising an agreement worth a speculated $271 million

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New South Wales News Queensland Victoria Western Australia 

Vicinity Centres banks $631 million from sale of 11 shopping centres across Australia

October 5, 2018October 5, 2018 Marc Pallisco

Vicinity Centres has sold 11 shopping centres spread across Victoria, New South Wales, Queensland and Western Australia, for a total

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News Victoria 

Networth co-founder Leslie Heine offers South Yarra office for lease

October 3, 2018 Marc Pallisco

Networth co-founder Leslie Heine is wasting no time profiting from a South Yarra office building he was reporting as buying

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News Victoria 

Ben Cousins’ former Melbourne home for sale

October 2, 2018October 2, 2018 Marc Pallisco

The Elsternwick house former AFL player Ben Cousins rented while he lived in Melbourne, and played for the Tigers, is

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News Victoria 

Malaysian pension fund looks to near-double its outlay offloading Melbourne office

October 1, 2018October 2, 2018 Marc Pallisco

A modern office in Melbourne’s Docklands is for sale with price expectations of about $200 million – a substantial rise

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News Victoria 

End of an era as Allans Music quits the Melbourne CBD after more than 150 years

September 28, 2018October 2, 2018 Marc Pallisco

It is the day the music died in Melbourne city retail. Last week, For Lease signs went up on the

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News Victoria 

Skinny hotel mooted opposite Melbourne hospitals

September 30, 2018February 10, 2021 Marc Pallisco

A twelve storey hotel with 55 suites, but three car parks, is mooted to replace a historic workshop opposite the

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New South Wales News Victoria 

Flight Centre to expand with hotel management, ownership

September 30, 2018October 1, 2018 Marc Pallisco

Flight Centre – the largest retailer of travel in Australia – is checking into the hotel business. The group is

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News Victoria 

Eight storeys sought in Kensington

September 30, 2018February 11, 2021 Marc Pallisco

Plans for an eight level apartment building have been submitted to replace three Kensington industrial sites. Forty one dwellings are

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News Victoria 

Jewish Care Victoria sells redundant Melbourne nursing home

September 28, 2018September 28, 2018 Marc Pallisco

Jewish Care Victoria has sold a vacant nursing home in Melbourne’s Caulfield North for a speculated price of $10.8 million.

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News Victoria 

Hotel baron Bruce Mathieson seals a prestige property deal 11 years in the making

September 27, 2018September 27, 2018 Marc Pallisco

It is the prestige property deal 11 years in the making. Millionaire pub and poker machine owner Bruce Mathieson has

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News Victoria 

Pirovich offers strategic former Yarra Honda site with permit for a seven level office

September 27, 2018September 27, 2018 Marc Pallisco

Local developer Pirovich is selling a prominent Abbotsford development site amalgamated in two parts over two years. The holding, with

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News Victoria 

Rothelowman lists Southbank HQ permit-ready for an 18-level apartment complex

September 27, 2018September 27, 2018 Marc Pallisco

Boutique architect firm Rothelowman is selling its Southbank headquarters as a residential development site. On a valuable Capital City Centre

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News Victoria 

ABC radio announcer Richelle Hunt to sell fully renovated Edwardian home

September 27, 2018September 27, 2018 Marc Pallisco

ABC radio host and journalist Richelle Hunt (pictured, left) is selling a historic home in the bohemian St Kilda East

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News Victoria 

Childcare operator outbids residential developers for Bulleen block

September 27, 2018October 2, 2018 Marc Pallisco

A childcare centre operator has outbid residential developers to snare a large site in Melbourne’s north-east. Alpha is paying $3.25

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News Victoria 

Pomeroy Pacific acquires strategic Mulgrave site for $30.5 million

September 26, 2018September 26, 2018 Marc Pallisco

Pomeroy Pacific is spending $30.5 million on an industrial investment with development upside in Melbourne’s Mulgrave. The deal – negotiated

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News Victoria 

ABC lists Elsternwick’s landmark “Gordon Street” studio

September 25, 2018September 26, 2018 Marc Pallisco

Sixteen months after television production ceased at ABC’s Ripponlea studio, and staff based there were relocated to Southbank, the public

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News Victoria 

Hayball sells Southbank HQ to Evolve Development for $30 million

September 25, 2018September 25, 2018 Marc Pallisco

Architecture firm Hayball has sold its Melbourne headquarters to local builder Evolve Development for a speculated price of about $30

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News Victoria 

Teachers Mutual Bank buys adjoining shops in Melbourne’s Docklands

September 25, 2018September 28, 2018 Marc Pallisco

Teachers Mutual Bank – one of Australia’s largest mutual banks – has paid $1.28 million for two adjoining ground floor

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News Victoria 

LYZ sells Hawthorn investment with development upside for $25 million

September 25, 2018September 25, 2018 Marc Pallisco

An investment property with development upside in the eastern Melbourne suburb of Hawthorn has sold for $25 million – a

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News Victoria 

Office on Melbourne’s Yarra River sells for $41 million

September 26, 2018May 5, 2020 Marc Pallisco

Members of Melbourne’s philanthropic Holckner family have sold a riverside office in Melbourne’s inner north-east suburb of Abbotsford for $41

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News Victoria 

ISPT’s Campbellfield Plaza expected to sell for more than $80 million

September 25, 2018September 26, 2018 Marc Pallisco

Industry Superannuation Property Trust can expect to bank more than $80 million from the sale of a major shopping centre

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News Victoria 

Kindness House for sale again

September 24, 2018February 10, 2021 Marc Pallisco

One of Melbourne’s best located and most unusual inner-city commercial properties has been listed for sale again. Kindness House in

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New South Wales News Queensland South Australia Victoria 

Cohen family banks $27.6 million selling portfolio of seven Godfreys-leased assets

September 24, 2018September 27, 2018 Marc Pallisco

Interests associated with the Cohen family, founders of vacuum cleaner chain, Godfreys, have pocketed $27.64 million from the sale of

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News Victoria 

Jenny Macklin sells Ivanhoe East home after nine days

September 23, 2018 Marc Pallisco

Retiring Australian Labor Party frontbencher Jenny Macklin has sold her Ivanhoe East home for a price speculated to be between

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News Victoria 

Cheltenham’s Arnos factory redevelopment complete

September 21, 2018February 20, 2021 Marc Pallisco

With the listing of three strata-titled commercial and retail assets, Goldfields Group and The Schachter Group are ready to check

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News Victoria 

Hawthorn’s historic Cibneys Buildings sells for c$5.4 million

September 24, 2018 Marc Pallisco

The historic Cibneys Buildings, in Melbourne’s blue-ribbon suburb of Hawthorn, has sold to an investor for a speculated price of

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News South Australia Victoria 

New JV acquires logistics assets including c$50 million Siemens warehouse in Melbourne’s Bayswater

September 21, 2018September 21, 2018 Marc Pallisco

Singapore’s listed Straits Trading Company Limited has announced a joint venture partnership with Commercial & General to manage a portfolio

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News Victoria 

Inner-city Melbourne warehouse with office redevelopment potential sells for $9.9 million

September 24, 2018September 24, 2018 Marc Pallisco

Another Richmond warehouse with high-rise redevelopment potential has sold following a campaign contested by a mix of prospective buyers. The

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News Victoria 

Hanksy family selling Burwood One – the site of Australia’s first K-Mart

September 21, 2018September 27, 2018 Marc Pallisco

An enormous shopping centre valued upon listing at about $200 million is under offer on the day the marketing agents

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News Victoria 

Pace of Flemington to launch from Birdcage Enclosure this Melbourne Cup Carnival

September 21, 2018September 21, 2018 Marc Pallisco

Pace Development Group will use the upcoming Melbourne Cup Carnival to launch a 17-level apartment building earmarked for land which

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News Victoria 

Ford seeks $75 million-plus from sale of factories in Melbourne and Geelong

September 20, 2018March 23, 2019 Marc Pallisco

Ford Australia can expect to bank more than $75 million from the sale of three high-profile former production plants. Combined

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News Victoria 

Elwood Bathers to replace iconic Sails on the Bay following leasehold sale

September 20, 2018September 20, 2018 Marc Pallisco

It is the end of an era in Melbourne’s bayside suburb of Elwood, with restaurateurs Monica and Derek Fuller selling

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News Victoria 

City of Whittlesea offers Growling Frog Golf Course for lease with development options

September 20, 2018 Marc Pallisco

The City of Whittlesea council is offering a 129-hectare golf course, with hospitality redevelopment potential, in Melbourne’s north-east. The leasehold

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