Melbourne’s Newest Suburb is Rezoned: Taylors Hill West
HAVING built a freeway to Caroline Springs to help ease newfound traffic congestion, the government has now rezoned a major tract of western suburb land to make more efficient use of the existing infrastructure.
Planning Minister Justin Madden this week approved for the residential redevelopment of 220 hectares abutting the north-western edge of the fully developed Caroline Springs housing estate, about 23 kilometres from town.
The affected land is bordered by Beattys Road to the north, Taylors Road to the south and high voltage transmission lines to the west.
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HIGH rise apartment developer Mario Salvo has decided to sell a CBD office investment he purchased at a low point in the commercial property market last year.
GREETING card company John Sands is believed to have pocketed about $10 million from the sale of its outgoing head office and former manufacturing plant in Clayton North.
ONE of the few remaining historic mansions in Melbourne’s grand St Kilda Road is being offered for sale – but its fate – as a luxury home, or as an equally lavish office – is now in the hands of whoever waves the biggest cheque.
MALAYSIA-based Mulpha Australia has listed its Melbourne Airport Hilton Hotel.
EAST Melbourne based developer and fund manager Becton is understood to have sold another office asset, this time in the CBD.
MAB Corporation has sold two retail investments at its NewQuay precinct of Docklands for a total of $3.875 million.
SHOPPERS at Canterbury’s quaint Maling Road shopping strip might find it harder to snare a car park, with a number of local, interstate and international developers set to swell in the area in coming weeks.
ESTABLISHMENT family the Bayles are selling a luxury estate on the Goulburn River in Nagambie, about a two hour drive north of Melbourne.
A LOCAL developer has paid $17 million at auction for a major development site in Dandenong South – the heart of industrial activity in Melbourne’s south-east.
CBUS Property, a subsidiary of industry superannuation fund CBUS, has seized control of one of bayside Melbourne’s most controversial development sites – the disused North Brighton Croquet Club, in Warleigh Grove.
HERITAGE Victoria noted artwork at the ground level of a nondescript, low-rise office building at 108 Flinders Street will be moved, and reinstalled into the ground level of the city’s next major apartment building.
PRESTON’s landmark Oakover Hall at 12 Stafford Street will be offered for sale for the first time in 53 years.
THE Pakenham Racing Club is expecting about $40 million from the sale of its prominent but outgoing Pakenham Racecourse & Showground site in Melbourne’s outer south-east.
FORMER Toll Holdings chairman Peter Rowsthorn and trainer Dale Sutton are selling a thoroughbred racing, training and breeding property about eight kilometres north of Seymour.
WESFARMERS owned Coles Group is speculated to be paying around $13 million for an as-yet-undeveloped, approximate 4200 square metre supermarket in the ritzy Bay Street, Brighton retail strip.
GEELONG identity Frank Costa has entered a joint venture agreement to redevelop 40 hectares of land in Armstrong Creek near Geelong.
INTERNATIONALLY established surf wear brand Quiksilver has chosen Port Melbourne as a base for its metropolitan operations.
LOCAL builder Caydon has purchased another major development site, this time in Brunswick East, and at the suburb border of Carlton North and Fitzroy North.
ONE of the Melbourne CBD’s most prominent retail buildings has sold to Malaysia-based investors for $17 million.
DEVELOPER CBus Property has secured the National Australia Bank as tenant for an as-yet-undeveloped office in Docklands.
PHILLIP Island’s fairy penguin colony will be protected forever, with the completion of a controversial compulsory home acquisition program in a precinct on the south-west corner of the island known as Summerland.
THE Melbourne CBD skyline will have a Eureka of the north, if a proposed 90-storey skyscraper is granted approval, on part of the former Carlton and United Brewery site, in Carlton, and on the cusp of the city grid.
HONG Kong based developer Far East Consortium is ready to redevelop one of the Melbourne CBD’s biggest remaining development sites.
A LUXURIOUS homestead near Wilsons Promontory – occupied by Crown-Prince Frederik of Denmark during the Olympic Games and immediately after he met his wife-to-be, Mary – has hit the market.
THINGS are about to get a lot busier around the Camberwell Station.
A CONSORTIUM which retained a swag of apartments and townhouses built within the walls and around the garden of Portsea’s landmark Delgany estate, has put that portfolio on the market.
LEXUS of Blackburn – whose radio advertisements wake tens of thousands of Victorians ahead of 3AW’s popular Rumour File – has itself settled speculation it has made a major property play.
THE State government has outbid a brigade of owner occupiers to snap up a hot office building in the heart of Melbourne’s south-eastern suburbs, which will eventually become home to the Melbourne Fire Brigade.
MELBOURNE’s next hospital and major medical clinic will be developed by the private sector in Hawthorn.
LAVERTON North’s former McCubbins Pet Food Factory has sold for about $6 million to Queensland based pet food mogul and multi-millionaire, Tony Quinn.
SYDNEY-based developer Mirvac will launch its sixth Docklands skyscraper, Yarra Point, in October.
CHAPEL Street’s historic Conways Building sold at auction on Thursday for $12.8 million.
FUND manager and developer Zig Inge Group is believed to have paid close to $18 million for a rundown but spectacularly located office investment at 199 Toorak Road in South Yarra.
ANOTHER suburban post office is being redeveloped into flats.
A SLITHER of land behind one of Southbank’s oldest and grandest buildings – the former JH Boyd Girls’ High School – will make way for a major skyscraper, set to become a landmark near the busy intersection where the West Gate Freeway merges with Kings Way.
HAVING opened the Stockland Tooronga Shopping Centre in Glen Iris on Thursday, Sydney-based developer Stockland has bought forward plans to build a $40 million, 7087 square metre complex in Melbourne’s outer north.
THE Office of Housing has paid close to $4 million for a disused aged care facility in Box Hill.
MELBOURNE’s western suburbs may be notorious for its hoon drivers – but for at least one tract of privately owned land in Altona North, thrashing a car may soon be encouraged.
CONSTRUCTION of the city’s next major office tower will start in February, after seven, strata titled levels of a proposed buidling sold “off-the-plan” to owner occupiers, in a pre-marketing campaign.
MIRVAC was one of many land owners celebrating the State Government’s decision last month to substantially extend Melbourne’s Urban Growth Boundary.
THE Paris end of the Melbourne CBD is set to see the construction of a new apartment skyscraper.
AFTER failing to sell for more than a year, a massive Williamstown development site with a catch will be auctioned next month.
PLANS for a new $12 million clubhouse and hotel resort at the prestigious Portsea Golf Club have teed off, officially, after the Club successfully sold enough of its land to fund the new development.
A MAJOR development site offloaded by the State Government six years ago for $2.8 million, has hit the market again, and is expected to sell for almost twice that amount.
THE family home of late broadcaster and reporter Michael Schildberger has been listed for sale.
FASHIONISTA Alannah Hill has stitched up $1.68 million from the sale of a three-level St Kilda apartment she bought in 2004 as an impulse buy.
AN estate developed in the 1950s by the Camms family, of Monbulk Jam fame, has hit the market.
THE timing of last week’s Urban Growth Boundary changes couldn’t have come at a better time for the syndicate of investors selling Melbourne’s biggest development site, measured by area.
HONG Kong based company director Sheena Wong is selling a penthouse apartment on Brighton’s waterfront.
A CENTURY old home in St Kilda’s ritzy St Leonard’s Avenue has hit the market for the first time since the 1960s.