Nicole Kidman, Keith Urban Pay $6 Million For Sydney North Shore Penthouse

ACTRESS Nicole Kidman, and husband Keith Urban are reported to have paid $6 million for a penthouse apartment on Sydney’s lower north shore.

The penthouse, at Mirvac’s Latitude redevelopment in Lavender Street, Milsons Point, is built within the walls of a 1960s-built office building, formerly occupied by electronics giant Sharp.

Read more

Department of Education to Sell Meadowfair North Primary School Site, Broadmeadows

THE DEPARTMENT of Education can expect to reap about $3 million from the sale of a northern suburb primary school it will close later this year. Broadmeadows’ Meadowfair North Primary School is expected to arouse interest from either an independent school, or residential developer, which could subdivide the 22,000 square metre block into small housing lots,

Read more

Flagship Lindt Chocolat Cafe to Open in Collins Street, Melbourne

271 Collins Street foyerMELBOURNE will soon have a choc-filled centre, with Swiss chocolatier Lindt confirming it will open a “flagship” chocolate bar in the CBD.
 
Australia’s fifth Lindt Chocolat Cafe will open in July, within the walls of a former banking chamber, at 271 Collins Street, a space occupied until recently as the global headquarters for the National Australia Bank.

Lindt has leased 200 square metres of refurbished retail space – about twice the size of a standard city shop – and will open a specialist chocolate flavoured cafe and bakery, to rival nearby caffeine-concourses Degraves Street, Flinders Lane and Centre Place.

Read more

Van Haandel Brothers to Sell St Kilda’s Prince of Wales For $20 Million

MILLIONAIRE restaurateurs the van Haandel brothers will pocket close to $20 million from the sale of St Kilda’s iconic Prince of Wales Hotel, at the corner of Fitzroy and Acland streets. A Sydney-based consortium is in exclusive due diligence to buy the massive 4,200 square metre site, sources say, which is configured as a collection of

Read more

New Apartment Building Opposite Albert Park Lake Approved by VCAT

THE VICTORIAN Civil and Administrative Tribunal has given developers the green light to build a 12-level apartment building in Queens Road, opposite Albert Park Lake and Melbourne’s Formula 1 race track. A development consortium backed by Macquarie Bank, and the Peloton Group, says it is now reviewing whether to sell the site, or start marketing the

Read more

Refurbished Denton Mills Hat Factory Should Reopen by End of Year

A PROMINENT inner-city factory – designed by architect William Pitt, who also conceived the Regent Theatre – has been boarded up, and will reopen later this year as a boutique mixed-use warehouse conversion. The former Denton Mills hat factory, at the T-intersection of Langridge and Nicholson streets in Abbotsford, will make way for 61 apartments, six

Read more

Richmond’s Rosella Factory Being Converted to Luxury Offices

TWO YEARS after failing to sell at auction for $20 million, the owners of Richmond’s former Rosella Preserving and Manufacturing facility in the inner eastern Melbourne suburb of Richmond are converting part of the facility into luxury offices. A small red brick building within the former jam and sauce manufacturing complex, and with a street address

Read more

Challenger to Sell Jam Factory, South Yarra

ELEVEN MONTHS after announcing a $700 million revamp of South Yarra’s iconic Jam Factory, the James Packer backed Challenger group, has put the property on the market for sale. Challenger can expect to make about $110 million for the inner-city shopping centre, sources say, which is owned by two of its investment vehicles. The Jam

Read more

St Kilda Triangle Development Cleared for Redevelopment

ST KILDA’s controversial $300 million “Triangle” site redevelopment has been given the go ahead, after the Victorian Civil and Administrative Tribunal last night dismissed the claims of a protest group, unCHAIN St Kilda. The group challenged the legal validity of last August’s council approval. It said the development proposal was not properly advertised before it

Read more

R.Corporation to Develop South Yarra Stables

AFTER a false start, boutique builder R.Corporation has gone back to the drawing board, proposing to redevelop an historic horse stables building it acquired as part of a larger development site three years ago. R.Corporation plans to build apartments within the walls of 1900s stables, part of the $140 Clara development in South Yarra, which includes

Read more