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Real Estate News

News Victoria 

Yoghurt manufacturer expands in Melbourne’s south-east

October 31, 2018November 15, 2024 Marc Pallisco

Chobani has expanded its industrial footprint in Melbourne with the lease of a standalone office-warehouse. The US-based yoghurt manufacturer is

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News Victoria 

Echuca retail investment sells for $7.5 million

October 31, 2018October 31, 2018 Marc Pallisco

A near-new retail investment in the regional town of Echuca, at the border of Victoria and New South Wales, has

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News Victoria 

Figtree Holdings sells Melbourne CBD site for $35 million

October 31, 2018October 31, 2018 Marc Pallisco

Singapore’s listed Figtree Holdings has offloaded a Melbourne CBD site for $35 million – almost twice the $17.4 million it

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News Victoria 

Chinese investor spends $12 million to acquire King Street corner

October 30, 2018October 30, 2018 Marc Pallisco

A low-rise mixed-use building near the south-west tip of the Melbourne CBD has sold for $11.98 million to a China-based

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News Queensland 

Worldwide Hotel’s Legend Land pays a speculated $100 million for Brisbane’s ibis Styles hotel

November 2, 2018 Marc Pallisco

Legend Land, an associate of Worldwide Hotels, has paid about $100 million for Brisbane’s ibis Styles hotel (pictured top and

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News Victoria 

Rialto’s million-dollar views at risk following Charter Hall buying 555 Collins Street

October 30, 2018December 9, 2020 Marc Pallisco

Charter Hall has expanded its footprint at the south-west corner of Collins and King streets, in the Melbourne CBD, following

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News Victoria 

Construction of Australia’s first heart hospital begins

October 26, 2018November 1, 2018 Marc Pallisco

Construction of the Victorian Heart Hospital – the first facility of its kind in Australia – kicked off this week.

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News Victoria 

Developer snares Toorak site for $5.2m – more than a million over the reserve

October 26, 2018October 26, 2018 Marc Pallisco

A local builder has paid a bullish $5.205 million for a prime development site in Melbourne’s ritzy Toorak. The Commercial

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News Queensland 

Listed Singapore investor paying $102 million for Brisbane Coles distribution centre

October 25, 2018June 16, 2020 Marc Pallisco

Mapletree Logistics Trust has finalised the purchase of a Coles distribution centre, in Brisbane, for c$102 million. At that price,

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News Victoria 

Freehold of Karen Martini’s Mr Wolf restaurant and bar for sale – again

October 26, 2018October 27, 2018 Marc Pallisco

For the second time in a year, the retail premises tenanted to Karen Martini’s Mr Wolf bar and restaurant is

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News Victoria 

Site with development upside in Melbourne’s Richmond sells for $8.7 million

October 26, 2018October 26, 2018 Marc Pallisco

An investment with development potential in the precinct described as Melbourne’s Silicon Valley sold at auction yesterday for $8.66 million

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News Victoria 

George Saade leases retail component of Prahran’s Station Hotel development

October 26, 2018October 26, 2018 Marc Pallisco

Melbourne investor George Saade has filled a large retail area within the Station Hotel redevelopment he has recently completed in

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News Victoria 

Geelong funeral director lists reception centre Lyndon Grove for sale or lease

October 26, 2018 Marc Pallisco

A popular Geelong function centre has been listed for sale for the second time in a year by vendor, funeral

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News Victoria 

Drysdale Village Shopping Centre listed for sale

October 26, 2018November 1, 2018 Marc Pallisco

No sooner has the ink dried on the sale of one investment-grade shopping centre in Drysdale, near Geelong – has

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News Victoria 

Osprey Property Group pays $8.3m for Dandenong South industrial investment

October 25, 2018October 25, 2018 Marc Pallisco

Sydney-based Osprey Property Group has paid $8.325 million for an investment in one of Melbourne’s biggest industrial precincts. The sale

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News Victoria 

ASX-listed funeral parlour leases in Armadale

October 25, 2018October 26, 2018 Marc Pallisco

InvoCare – a leading provider of funeral, cemetery, crematoria and related services – has leased a 110 square metre shopfront

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New South Wales News 

Charter Hall snares Villawood commercial complex for $55 million

October 24, 2018 Marc Pallisco

Charter Hall has paid $55 million for a commercial site occupied by the National Archives of Australia, in Sydney’s Villawood.

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News Victoria 

Balwyn building fetches $7.3 million from Chinese investor

October 24, 2018October 25, 2018 Marc Pallisco

A China-based investor has paid $7.3 million for a double-storey mixed-use asset (pictured top, shaded, and left) in Melbourne’s east.

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New South Wales News 

Woolworths sells two regional NSW supermarkets for a combined $45.7 million

October 24, 2018October 24, 2018 Marc Pallisco

Woolworths has sold two near new supermarkets in regional New South Wales for a total price of $45.7 million. The

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New South Wales News 

Sentinel Property Group pays $23.3 million for Bunnings-anchored homemaker centre near Newcastle

October 24, 2018 Marc Pallisco

Sentinel Property Group is paying $23.3 million for a Bunnings-anchored homemaker centre near Newcastle. The 4.6 hectare site, containing a

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News Victoria 

Zagame family list Yarra Junction Shopping Centre with $20 million-plus price hopes

October 23, 2018October 23, 2018 Marc Pallisco

The Zagame family – which we reported last month is said to be close to selling a portfolio of pubs

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News Queensland 

VIP Pet Foods founder Tony Quinn buys neighbouring commercial assets on the Gold Coast

October 24, 2018 Marc Pallisco

Businessman Tony Quinn has paid about $4 million for neighbouring commercial assets in Southport on the Gold Coast (pictured top

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News Victoria 

Probuild founder Phil Mehrten sells former Prahran Post Office for $13.4 million

October 23, 2018October 23, 2018 Marc Pallisco

Businessman Phil Mehrten (pictured bottom, right) has sold another Melbourne commercial property. The former Prahran Post Office, which is now

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News Victoria 

Chantoozie Tottie Goldsmith lists Melbourne apartment

October 24, 2018October 24, 2018 Marc Pallisco

Chantoozie Tottie Goldsmith, also known as a singer, actress, Olivia Newton-John’s niece, and the daughter of nightclub king Brian Goldsmith,

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New South Wales News 

Channel Seven buys Sydney warehouse for reality show

October 23, 2018October 24, 2018 Marc Pallisco

Four months after producers of Channel Nine TV show The Block reportedly spent $11 million for St Kilda’s Oslo Hotel

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News Western Australia 

Hiap Hoe speculated to be spending more than $100 million on Perth hotel and adjoining office

October 23, 2018 Marc Pallisco

Singapore’s Hiap Hoe is speculated to be paying more than $100 million for the Aloft Perth Hotel, and an adjoining

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News Victoria 

Block opposite Caulfield Park set to become a luxury residential complex after selling for c$8.5 million

October 23, 2018October 23, 2018 Marc Pallisco

A luxury residential building will replace a prime development site opposite Melbourne’s Caulfield Park after selling this week for a

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News Victoria 

Sheetmetal producer pays nearly $7 million for Melbourne industrial asset

October 23, 2018October 23, 2018 Marc Pallisco

Design Group Limited is the latest owner-occupier to snare a Melbourne industrial site. The sheetmetal producer is paying a price

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News Victoria 

Investors outbid developers for Windsor block of flats opposite park

October 22, 2018October 23, 2018 Marc Pallisco

An investor outbid two developers to snare an older-style apartment complex opposite Victoria Gardens in Melbourne’s inner-south pocket of Windsor.

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News Victoria 

La Trobe’s Bundoora campus to become $5b suburb

October 23, 2018April 12, 2021 Marc Pallisco

La Trobe University’s Bundoora campus will be rebuilt as a $5 billion suburb accommodating some 12,000 residents, commercial, retail, medical

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News Victoria 

Chinese investor pays $4.7 million for Clayton commercial investment

October 23, 2018October 23, 2018 Marc Pallisco

A buyer from mainland China has paid $4.7 million for a commercial investment in Clayton, about 19 kilometres south-east of

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News Victoria 

Melbourne Central rooftop set to open as The Reunion Island Pool Club

October 22, 2018October 22, 2018 Marc Pallisco

A new and unique hospitality venue – “the first of its kind in Australia” – is set to open on

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News Victoria 

New chapter for Australia’s first Masters store

October 21, 2018October 22, 2018 Marc Pallisco

The Braybrook site which accommodated Australia’s first Masters Home Improvement store will re-open as a shopping centre (artist’s impression, top)

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New South Wales News 

Georgie Gardner spends $6 million on home in Mosman’s Beauty Point

October 21, 2018October 22, 2018 Marc Pallisco

Today show co-host Georgie Gardner (pictured, left) has spent about $6 million on a contemporary home in Mosman. The contemporary

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News Victoria 

South Melbourne office sells to Andrew Fox for $5.2 million

October 19, 2018October 20, 2018 Marc Pallisco

Executives associated with land surveyors Bosco Jonson – which in March adopted the business name Veris Limited – have sold

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News Victoria 

Peregrine Projects sells Carlton Brewhouse, in Abbotsford, for $10 million

October 19, 2018October 25, 2018 Marc Pallisco

Joseph Chahin’s Peregrine Projects has sold the Carlton Brewhouse for a speculated price of over $10 million. The land holding

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News Victoria 

Offshore investor snares Port Melbourne site for years part of the West Gate Bridge toll collection facility

October 19, 2018November 8, 2018 Marc Pallisco

An offshore investor seeking to establish an Australian property portfolio took just four days to settle on the purchase of

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News Victoria 

Wesfarmers to sell Target’s North Geelong HQ with vacant possession

October 23, 2018October 23, 2018 Marc Pallisco

Geelong is set to lose one of its highest-profile corporate occupants in December. Wesfarmers has listed for sale the Target

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News Victoria 

The Project creator lists warehouse conversion

October 21, 2018February 13, 2021 Marc Pallisco

The Project creator Craig Campbell is selling a Balaclava warehouse converted home. The former Henderson Publishing factory at 7 Balston

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News Victoria 

Brunswick’s historic Sarah Sands Hotel on track to being repurposed as apartment complex

October 19, 2018October 20, 2018 Marc Pallisco

Three years after buying Brunswick’s Sarah Sands Hotel for just over $6 million, developer Peregrine Projects is ready to launch

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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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New South Wales News 

BlackRock pays Capital Property Funds $56.63 million for Parramatta office

October 15, 2018 Marc Pallisco

A fund controlled by BlackRock – the world’s largest asset manager – is paying $56.63 million for a Parramatta office

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News Queensland 

Miami One sells for $31.88 million

October 16, 2018May 29, 2021 Marc Pallisco

Brisbane investors the Ham Brothers have sold Gold Coast’s Miami One shopping centre for $31.88 million. On 7829 square metres,

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New South Wales News 

Founder of 8Hotels sells Sydney guest house for $30 million

October 16, 2018 Marc Pallisco

A guest house in Sydney’s Surry Hills is selling for about $30 million to Crystalbrook Collection – an investment house

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News Queensland 

Fortius Funds Management paying Challenger more than $160 million for mixed-use asset built into historic Brisbane barracks

October 16, 2018 Marc Pallisco

Fortius Funds Management is reported to be paying Challenger’s life unit a speculated price of more than $160 million for

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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 Queensland 

Frasers Property Australia signs Pinnacle Hardware for second industrial site

October 13, 2018October 13, 2018 Marc Pallisco

Frasers Property Australia has struck a leasing deal with Pinnacle Hardware for a 12,300 square metre facility, about 30 kilometres

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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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New South Wales News 

Renovated Surry Hills building sells for $4.6 million following “incredibly competitive” auction

October 13, 2018October 13, 2018 Marc Pallisco

A restored building in Surry Hills, a precinct described as Sydney’s Silicon Valley, has sold for $4.6 million. The double-storey

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A.C.T. News 

Real I.S. pays $29 million for Canberra’s Maddocks House

October 12, 2018 Marc Pallisco

Hedley Property Investments has sold a Canberra office to German fund manager, Real I.S. for $29 million. The 22-year old

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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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New South Wales News 

Today co-host Georgie Gardner sells Artarmon home for $4.2 million

October 13, 2018 Marc Pallisco

The co-host of Channel Nine’s breakfast show Today, Georgie Gardner (pictured, top), has sold her home in Sydney’s Artarmon for

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News Queensland 

RAM Group acquires first investment for new medical property fund

October 12, 2018October 12, 2018 Marc Pallisco

Real Estate Management Group (RAM) has established a medical property fund and acquired a Queensland asset for $11.25 million. The

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News Western Australia 

Woolworths sells suburban Perth shopping centre for $27 million

October 12, 2018 Marc Pallisco

Woolworths has sold a retail complex in Perth’s outer northern suburb of Aveley for $27 million to a private investor.

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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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New South Wales News 

Premier Investments chief Mark McInnes sells North Bondi penthouse for $11.5 million

October 13, 2018October 13, 2018 Marc Pallisco

Aged care entrepreneur Mark Moran and his wife, Yvette, are paying $11.5 million for a penthouse in North Bondi, about

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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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