Commercial and residential property news
The Spirit of Tasmania will dock in Victoria at Geelong by 2022. TT-Line, the ferry operator which was separated from Tasmania’s Department of Transport in 1993, today confirmed it signed a 30 year lease deal with Geelong Ports for a purpose-built passenger terminal capable of marshalling 600 cars. The 12 hectare facility, earmarked for Corio
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Larry Kestelman (pictured, right) – the owner of Australia’s National Basketball League – has employed architect Nonda Katsalidis to redesign Hobart’s Derwent Entertainment Centre. Mr Kestelman, who co-founded internet company Dodo and is an active apartment developer, agreed with the Glenorchy City Council in April to buy the stadium and a neighbouring nine hectare site
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EXCLUSIVE Three properties controlled by Tasmanian furniture retailer Coogans, which closed in June after 135 years, have been divested for more than $13 million. The portfolio includes retail assets at: 79-81 Collins Street, Hobart (pictured top and below); and 80-82 Main Road, Moonah. These properties sold following an expressions of interest campaign. A third property,
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A Hobart CBD retail investment, occupied by Officeworks, has sold for $11.725 million to a buyer from mainland China. Based on the annual rental return the property at 105-109 Campbell Street derives ($725,000), the deal is being struck on a passing yield of 6.2 per cent. The freestanding 2785 square metre building sits on a
Read moreDeveloper Stephen Roche has been left with a swag of property in the village of Penguin, Tasmania, after failing to sell a package of development sites – effectively the whole central business district of the picturesque but sleepy town.
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