Building giant leases two Melbourne warehouses
Fletcher Building has leased two office/warehouses five kilometres apart in Melbourne’s south east. The occupier chose the properties after investigating
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Victoria
Wilmac banks $52m from Melbourne business park
EXCLUSIVE Local developer Wilmac has sold down a recently completed business park on the banks of the Maribyrnong River, in
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Oreana sells Tarneit Square pieces off the plan
Steven and Tony Sass have sold four strata titled components of the Tarneit Square commercial complex, in Melbourne’s west. Via
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Toorak mansion sold for record price
Former Toll Group managing director and Essendon Football Club chairman, Paul Little, and his wife, ex-investment banker Jane Hansen, are
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Ford sells another piece of ex-Broadmeadows Assembly Plant
Ford has sold another piece of its redundant Broadmeadows Assembly Plant, in Campbellfield. The 15.9 hectare ex-distribution centre, marketed as
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Oreana sells year old Melbourne shopping centre
Oreana has sold a year old shopping centre within a Kalkallo estate replacing the Lockerbie sheep station, north of Melbourne.
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Fund manager swoops on swank Melbourne office
EXCLUSIVE RF Corval has swooped on a near-new office in Melbourne’s exclusive Malvern, which it is now seeking to fill.
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Ex-Barker train station trades between developers
EXCLUSIVE Hisense – known in Australia for its electrical products, but globally recognised as a developer – and Montezuma Group
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Aged care providers double down in Essendon
EXCLUSIVE Two aged care providers have swooped on prominent sites in Melbourne’s north west Essendon. At 25-29 Keilor Road, close
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Kuwaiti Sheikh quietly sells landmark Melbourne site
EXCLUSIVE Kuwaiti Sheikh, businessman, Mubarak Al-Sabah, has sold a notorious waterfront Port Melbourne block after 18 years and two failed
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Melbourne quick service restaurant trades on 2.3pc yield
A prominent Red Rooster in Melbourne’s north has sold for the first time in 40 years. At 504 Pascoe Vale
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Flagship David Jones Melbourne store sold
Two major retail investment deals mooted last year have been formalised this month. In Melbourne, Woolworths Holdings Limited is collecting
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Lender banks c$150m for new Melbourne hotel
Ark Capital Partners and Lead Global, backed by Pioneer Wealth, have snapped up the 15 level hotel which recently replaced
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Furniture retailer to move warehousing south
Focus on Furniture will relocate its local distribution centre 10 kilometres away from the city – at Cranbourne West. The
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Westbridge sheds another Melbourne asset
Westbridge Funds Management has divested another asset from its MPS Diversified Property Trust. The 1.39 hectare office/warehouse, 2-14 Independent Way,
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Cedar Woods buys Geelong housing site
Cedar Woods is quietly purchasing a low density housing site at Corio, in Geelong’s north. The 18.6 hectare Plantation Road
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Sydney childcare centre operator leases 10th facility
Sydney based childcare centre operator Whiz Kids has committed to its 10th facility. The 113 place complex, 64 Blendon Avenue,
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Landscape gardener snares Myer family home
Jack Merlo has snapped up one of two Toorak mansions offered by Myer family members last year. The landscape gardener
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Cedar Woods sells Melbourne childcare centre site
Cedar Woods has sold a commercial piece of its Mason Quarter estate, in Melbourne’s north Wollert. The 2621 square metre
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Melton chidcare centre sells for second time in 16 months
A central Melton childcare investment has sold for the second time in 16 months. Backed by Little Stars, the 100-place
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Forza fills ex-Salvation Army HQ after five months
Forza Capital has all but filled the biggest commercial building in Mont Albert Village, five months since settling, when a
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Ex-East Melbourne Specialist Day Hospital for sale
BGH Capital has listed the prominent East Melbourne Specialist Day Hospital for sale after operator Virtus relocated services undertaken there.
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Coff picks up two townhouse sites
Coff Property, backed by the Liberman family’s Monark Property Partners, has spent $13.5 million on medium density residential development sites
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Minister calls in major Cremorne office
EXCLUSIVE Planning minister Sonya Kilkenny has given fund manager Bayley Stuart the green light to replace a Cremorne office with
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Boutique developers trade historic Kilburn
EXCLUSIVE Boutique apartment builder Abadeen Group has picked up East Melbourne’s historic Kilburn, later known as private hospitals, Mena House
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Brix laughs to bank after Dan Murphy’s deal
Brix Property Group, which turns 10 in July, has sold a securely leased Dan Murphy’s – the first and highest
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Marwood buys Melbourne office at 16pc yield
EXCLUSIVE Abrdn has sold a St Kilda Road office for a dramatic loss on the price it paid 10 years
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BP sells Geelong site to developer
BP Australia has sold a long vacant north Geelong block to a joint venture planning a mixed-use commercial project. The
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Taiwanese group secures site for battery storage system
Taipei based HD Renewable Energy has settled on an inner west Melbourne site on which it plans a major battery
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Amcor sells enormous Melbourne packaging plant
Amcor has sold a prominent fibre packaging plant in Melbourne’s inner west. The leaseback deal with RF Corval for 512-520
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Government backed apartment complexes collect $35m
An unusual essential services investment – 11 three level apartment buildings to house workers completing the Bendigo Hospital – has
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Council wealth fund buys major Melbourne pasta factory
EXCLUSIVE A significant antipasto goods, breadstick and pasta manufacturing plant and distribution centre in Melbourne’s north has sold to the
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GPT divests ex-Age HQ
The GPT Group has sold the high-profile ex-Media House, at the Docklands border with Melbourne’s CBD. The fund manager is
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Mecca supersizes suburban flagship store
Mecca Brands has leased one of Albert Park Village’s most significant spaces after merging three tenancies – two of them
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Toorak mansion sells after nine months, $10m-plus discount
Neota chairman John Lord and his wife, former fashion executive, Sue, have sold their contemporary Toorak home after nine months.
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Melbourne Racing Club, school seal $195m land deal
The Melbourne Racing Club has quietly struck an agreement to sell a seven hectare parcel, part of the Caulfield Racecourse,
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Dexus divests Melbourne container handling hub
EXCLUSIVE Dexus is selling a landmark west Melbourne container handling facility bought after the city’s COVID lockdowns. The seven hectare
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Dustin Martin sells terrace after auction
Footballer Dustin Martin sold an Albert Park investment after auction on Saturday. The three bedroom terrace, 43 Kerferd Road, is
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Denis Napthine accepts early offer for Melbourne bolthole
Former state premier Denis Napthine and his wife, Peggy, have sold their Melbourne bolthole before auction. The three level terrace
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ISPT secures balance of Mornington mall
ISPT has bought the half stake it didn’t control of a Mornington shopping centre. For the ISPT Retail Australia Property
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Union digs deep for city fringe office
EXCLUSIVE The Australian Education Union of Victoria has snapped up a prominent city fringe office to occupy. The South Melbourne
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Another fast food chain chooses inner east for HQ
Guzman y Gomez is the latest fast food chain to choose Melbourne’s inner east for a base. The Mexican restaurant has
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Red Cross commits to ex-Victoria Police HQ
The Australian Red Cross has signed a major office lease deal in Melbourne’s inner west, where it is familiar. The
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Taverners banks $36m from Melbourne childcare centres
Taverners Group, the investment office of ex-Patrick Corporation co-owner, Peter Scanlon, is banking $35.5 million from the sale of three
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Sydney pub baron buying another Melbourne site: sources
Billionaire pub baron Justin Hemmes is speculated to be buying another east end Melbourne CBD property with longer term plans
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Apartment developer doubles down in Coburg
Another piece of Coburg’s former Pentridge Prison – now a master-planned, residential-based mixed use village taking shape in stages –
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Former Lendlease executives snare Melbourne warehouse for apartments
A boutique apartment builder led by former Lendlease development director, Tim Campbell, and development manager, Stuart Kacir, has snapped up
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Tasmania’s first billionaire snatches another Melbourne site
A company owned by Elpinston Group, co-directed by Dale Elphinston, who in 2019 became Tasmania’s first billionaire, has leased a
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Brutal blow for AU with Melbourne office sale
Australian Unity has sold the final asset from the Office Fund (AOF). The manager is taking a major hit –
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Charter Hall flips childcare centre on sub 5pc yield
Charter Hall is banking a higher than expected price for a suburban Melbourne childcare centre. Licensed for 140, a local
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French government leases swank Melbourne office
The French government has leased an inner-city office for its Consulate General of France in Melbourne. The ninth floor space
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State government, bank sign Essendon Fields leases
Two more high profile tenants have leased Essendon Fields offices. In the biggest deal, Ambulance Victoria has committed to 1007
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Ex-nightclub trades between developers for a premium
Asia based developers have traded Ringwood’s former Jooce nightclub – nowadays a Genesis gym and Rivers outlet. The 7015 square
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Max Beck, Lindsay Fox commit luxury car dealer to another project
Dutton Wholesale, a division of Dutton Automotive, has struck another major lease deal with billionaire Lindsay Fox and Max Beck
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StorHub swoops on another Melbourne site
Singapore based StorHub has quietly added another inner city Melbourne site to its portfolio. The fast growing self storage giant
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SsangYong consolidates at Mulgrave
KGM (SsangYong) Australia has consolidated offices and a training facility for the first time in Melbourne – at Mulgrave. The
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Telstra lists another blue-ribbon development site
Telstra has listed for sale an outgoing exchange in bayside Beaumaris. The 1545 square metre near rectangle shaped holding, 126-128
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Fund manager extends Fishermans Bend footprint
An ASX-listed industrial fund has quietly expanded its footprint along a prime stretch of Fishermans Bend – at 480 hectares,
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Melbourne yoghurt factory collects $17.5m
EXCLUSIVE A sophisticated Melbourne manufacturing plant leased to yoghurt maker Chobani has traded for $17.5 million. The result for 453-455
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Not for profit divests another Geelong property
A private investor has swooped on a Geelong site prior to the launch of an expressions of interest campaign –
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Salta secures Nando’s to HQ, restaurant
Nando’s has relocated its headquarters within Melbourne’s inner east after striking a 10 year deal with Salta. The South African
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Thai developer strikes major housing estate portfolio deal
The country’s home building landscape is set for another major change with Bangkok-controlled Supalai Australia Holdings, in partnership with Stockland,
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MyDeal founder doubles down on Brighton waterfront
MyDeal founder and chief executive officer, Sean Senvirtne, is believed to have snapped up another waterfront Brighton property. The penthouse
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Owner of VRC Oaks winner buys Melbourne development site
Yueshang Zhang, the owner of yesterday’s VRC Oaks winner, is quietly buying a Melbourne CBD site until recently the subject
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Lendlease quietly sells Melbourne business park
Lendlease has quietly sold a south east Melbourne business park to agent-turned-investor and developer, Anthony Wilson, who has already started
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Brix flicks industrial investment for a premium
Brix Property Group and Costa Asset Management have sold an east Melbourne industrial investment after three years. In a deal
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Developer snares major site near Queen Vic Market
Singapore’s Lim family has sold a six level car park investment near Queen Victoria Market – the city’s priciest development
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Operator swoops on Selina backpacker portfolio
Fast growing backpacker accommodation provider Bounce is acquiring the local portfolio of Selina Australia, control of which was taken over
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Ex-PwC CEO lists historic Melbourne mansion
Former PwC chief executive officer turned Carlton Football Club president Luke Sayers, and his wife, Cate, have listed their family
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Ex-government planning boss spends $200m on Melbourne sites
Ex-VicUrban development director Mike King, via the 888 Property Group company he created in 2011, has bought two major west
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Kogan founder invests again in Toorak
Kogan founder Ruslan Kogan is understood to be buying another Toorak property. The side by side homes on one title
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Planning minister signs off on six building Docklands project
Planning minister Sonya Kilkenny has given Lendlease the green light to develop the last three buildings at its prominent Collins
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Woolworths given green light for $150m mixed-use project
Woolworths has won permission to replace a prominent south east Melbourne office with a supermarket and five storeys of apartments
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Developer doubles down in Wyndham Vale
Oreana Group has quietly acquired another major Wyndham Vale housing estate site. The 29.6 hectare parcel, 160 Hobbs Road (shaded,
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Sass brothers drop $61m for Mornington Peninsula compound
Following three deals in 20 months – the first, off-market – Oreana Property Group founders, Tony and Steven Sass, have
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Townhouse, childcare centre site fetches $13.5m
A major south Melbourne site permit ready for 59 townhouses and a childcare centre sold on its second attempt. The
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Flight Centre founder quietly sells Melbourne office
Flight Centre founder Geoff Harris has quietly sold an inner city Melbourne investment. The two storey warehouse converted office at
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Popular public school leases city office for campus
EXCLUSIVE University High School will develop a city campus to complement its Parkville college. In a significant deal for landlord,
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Acquisitive fund manager buys ex-Salvation Army HQ
EXCLUSIVE The family of late businessman, Skilled Engineering founder, Frank Hargrave, has sold the biggest commercial building in Melbourne’s leafy
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Forgettable deal for Virtical as Adelphi sells for a loss
Seventeen months after agreeing to buy Flinders Lane’s Adelphi Hotel for c$25 million ex-GST, receivers for Sydney based Virtical have
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