Industry Raises $6,500 for Charity
REPRESENTATIVES from Melbourne’s major commercial real estate agencies raised $6,500 for charity, competing in the sixth annual Inter Agents Cricket Game at Xavier College in Kew.
Read moreQantas to Occupy Former National Stock Exchange of Australia Space, Collins Street
QANTAS will relocate from its prominent shopfront near Swanston Street Walk in the CBD, to a modern premises at 410 Collins Street, recently vacated by the National Stock Exchange of Australia (NSX).
Read moreGEO to Sell Cascades on Clyde Development, Near Berwick
THE GEO Property Group – the new name for the old MFS Diversified Group – will sell a portfolio of 600 residential development sites, totalling some 80 hectares, in Melbourne’s south-east.
Read moreCharter Hall to Sell Eleven Former Foster’s Brewery Sites
ELEVEN inner-city development sites, purchased as a whole by Sydney-based fund manager and developer Charter Hall at the peak of the property boom, will be resold individually, in an attempt to curb debt.
Read moreDevine Completes $8 Million Land Swap With Wyndham City Council
Leading developer Devine Communities has agreed to a land swap with the Wyndham City Council that will give residents at its soon-to-be-relaunched Arndell residential estate in Truganina access to approximately $8 million worth of new community facilities, including three new soccer fields and a new community centre.
Read moreHigh Rise Apartment Building Planned For Dimmeys Richmond Site
A MONTH after Richmond’s iconic Dimmeys building was added to the Victorian Heritage Register, its new owner has lodged a permit to develop a 9-level, 89-unit apartment building, on land at the rear of the property.
Read moreRedevelopment of Hawthorn’s Former St Anne’s Angligcan Nursing Home, Begins
REDEVELOPMENT of Hawthorn’s former St Anne’s Anglican Nursing Home has begun.
Read moreMassive Op Shop Centre Planned For Ford Factory, Geelong
AUSTRALIA’S largest op shop centre – capable of being a leading tourist attraction – has been proposed for the former Ford chassis component plant in North Geelong.
Read moreVictorians Prominent in National PCA Innovation and Excellence Awards
VICTORIAN architects, developers, and various level of government have appeared prominently throughout a shortlist of Property Council of Australia nominees, for the national Innovation and Excellence Awards, to be held in June.
Read moreDiscovery Centre Opens at Eynesbury
A PICTURESQUE farm on the western outskirts of Melbourne, once owned by the Baillieu family, is one step closer to being redeveloped into a major mixed use village.
Read moreSymbion Health Relocates to St Kilda Road
HEALTH services provider Symbion Health is the latest tenant to walk the well worn path from Macquarie Office Trust’s 5 Queen Street office building.
Read moreChain Reaction Raises More Than $650,000 For Charities
A CHARITY bike ride – one the biggest sponsorship events on Victoria’s commercial property industry calendar – has raised more than $650,000 for two aid organisations.
Read moreMariner Withdraws 40 Market Street From The Market
THE MARINER Property Trust Number 1 has withdrawn a major CBD office building from the market, with a spokesperson saying consecutive interest rate falls since late last year, has made the asset a more manageable investment.
Read moreAdministrators to Sell Two Storm Financial Assets in Melbourne
TWO Melbourne assets, owned by failed investment group Storm Financial, have been put on the market by administrator Korda Mentha.
Read morePremier John Brumby Supports Plan to Improve Docklands
VICTORIAN Premier John Brumby has backed calls to improve social infrastructure at Melbourne’s Docklands precinct, which has come under scrutiny since new Lord Mayor Robert Doyle said the $7 billion waterfront precinct lacks "social glue".
Read moreMajor Apartment Project Earmarked for Ritzy Balwyn
A BALWYN property until recently owned by the Department of Treasury and Finance, is set to undergo a major residential redevelopment.
Read moreHistoric Cestria to be Sold as Part of Bellwater International Sell-Off
A Hawthorn mansion described by the National Trust of Australia as the greatest American Romanesque Revival house in the country is on the market.
Read moreCalibre Clothing Founder Sells Another South Yarra Development Site
CALIBRE Clothing founder Gary Zecevic has sold another residential development site in South Yarra.
Read moreAndrew Myer to Sell Part of South Yarra Project
PROPERTY developer and member of Melbourne’s Myer dynasty Andrew Myer is selling part of a South Yarra project.
Read moreFormer ASX Building, Collins Street, For Sale Unrenovated
SIXTEEN years after shutting its doors to occupants, the former Stock Exchange House building at 351-357 Collins Street is to be sold.
Read more456 Lonsdale Street Close to Sale
A MACQUARIE Direct Property Fund – owned office building, located between the County Court of Victoria, the Supreme Court and the Childrens Court of Victoria, could be close to sale, for around $27 million.
Read more120 Harbour Esplanade Docklands Close to Sale
THE APN Property Group is believed to be close to selling its 120 Harbour Esplanade office tower for just over $30million.
Read moreJeff Kennett Sells Richmond Office Building
Former Victorian premier Jeff Kennett, has sold a Richmond office building he bought in late 2000 with wife Felicity, and business partner, sports tournament promoter Tony Roosenburg.
Read moreVictoria’s Coastal Market Performs Worse Than Expected This Summer
Victoria’s coastal market performed worse than expected this Summer.
Read moreAvalon Airport to accommodate international flights
THE LINFOX family want to build an international airport terminal at his Avalon Airport, about 50 minutes south-west of Melbourne.
Read morePerception of Real Estate Market in 2009, According to New Survey
A trend towards owning a larger space has emerged, with 76% of Victorians buying their first home this year looking to purchase a house as opposed to a unit/apartment or townhouse, according to the 2009 Mortgage Choice First Homebuyers Survey. This is in comparison to 55% in 2008, and 76% nationally.
Read morePorsche Brighton to Open in Nepean Highway, Bentleigh
German prestige car brand Porsche is set to open the doors of its second Victorian dealership next week.
ING Real Estate Healthcare Fund to Sell Harvester Centre, Sunshine, After Two Years
The ING Real Estate Healthcare Fund is unlikely to break even from the sale of a western suburb office building it bought two years ago for $13.55 million.
Read moreAdministrators for GMC Try to Lease Company’s Tullamarine Facility
Three months after going into receivership, administrators for power tool giant Global Machinery Company will try to lease the company’s Tullamarine office and distribution centre.
Read moreDyson Bus Depot, Bundoora, to be Redeveloped
A $35 million redevelopment of the former Dyson Bus depot in Bundoora is expected to start construction later this year.
Read moreNational Builders Group Releases Link Series Homes: Build Now, Build Later
Undertaking a home extension in the future may be a simpler and cheaper experience than before, with the release of a new home design series by National Builders Group.
Read moreValad Announces AIR Development on Pentridge Prison Site, Coburg
Valad Property Group has released images of its $114 million, 259-unit environmentally friendly AIR apartment tower, on a slice of the former Pentridge Prison, in Coburg.
Read moreAirlie Police College tennis court approved for apartments
A disused tennis court, part of the Airlie Police College at the corner of Punt and Domain roads in South
Read moreCraftsman Press, Vulcan Industries Site Redeveloped in Burwood
A $25 million business park, built on part of a two hectare site once occupied by Vulcan Industries and The Craftsman Press, has opened this month.
Read moreCraftsman Press, Vulcan Industries Site Redeveloped in Burwood
A $25 million business park, built on part of a two hectare site once occupied by Vulcan Industries and The Craftsman Press, has opened this month.
Read moreCraftsman Press, Vulcan Industries Site Redeveloped in Burwood
A $25 million business park, built on part of a two hectare site once occupied by Vulcan Industries and The Craftsman Press, has opened this month.
Read moreCraftsman Press, Vulcan Industries Site Redeveloped in Burwood
A $25 million business park, built on part of a two hectare site once occupied by Vulcan Industries and The Craftsman Press, has opened this month.
Read moreForges of Footscray to close, sell
MELBOURNE’s western suburbs will lose one of its largest and proudest retailers, with Forges of Footscray confirming it will sell its almost one hectare land holding, part of which abuts the Nicholson Street Mall.
Read moreAspen Group Confident it Can Lease Pacific Brands Holeproof Factory, Nunawading
Perth-based fund manager Aspen Group is confident of finding a major industrial tenant to occupy the 4.2 hectare Nunawading office warehouse facility, soon to be vacated by Pacific Brands arm Holeproof.
Read moreWayne Johnston to Sell Hawthorn Shop
Ex-Carlton footballer Wayne “the Dominator” Johnston is selling a retail investment property in Hawthorn’s Auburn Road.
Read morePeter Mac Hospital, East Melbourne, May be Sold
The Peter MacCallum Cancer Centre in East Melbourne is almost certain to be sold to developers, after the State Government tipped in $10.5 million to the cost of rebuilding a new Peter Mac headquarters, in Parkville.
Read moreTabcorp Loses Dispute With Landlord
A TWELVE-year dispute between gaming giant Tabcorp Holdings, and one of its landlords, Bowen Investments, has finally settled.
Read moreCFS Proposes $20m Redevelopment of Forest Hill Chase Shopping Centre
Colonial First State – part owner of the Myer Bourke Street building and Chadstone Shopping Centre – plans to undertake a $20 million redevelopment of its Forest Hill Chase Shopping Centre, in Melbourne’s east.
Read moreZig Inge Group Buys Baillieu Toorak Property
Luxury retirement home owner the Zig Inge Group has paid $15 million for the prominent Toorak property once owned by Diana Baillieu.
Read moreStage Two of CERES Redevelopment, East Brunswick
Environmental park CERES hopes to attract large community and volunteer-focused organisations for corporate events, once the next stage of a major redevelopment on part of its 4.5 hectare site is completed this year.
Read moreClub Edgewater Development, Maribyrnong, Delayed
Controversial plans for a $25 million hotel, dining room and function centre in the north-west suburb of Maribyrnong have been delayed.
Read moreCBus Linked to $260 Million Collins Street Project
Construction of a $260 million office building at the Paris end of Collins Street could start as early as June.
Read moreZektin Engineering to Lease Former Healthscope House, Parkville
Biotech and pharmaceutical group Zektin Engineering has leased all of the Parkville office space recently vacated by health care provider Healthscope.
Read moreString of Lease Deals at Investa’s 485 LaTrobe Street
Tight funding conditions – which put plenty of new CBD office developments on hold last year – have worked in favour of one of the country’s largest unlisted owners of real estate.
Read moreRedevelopment of Salt Nightclub Site to Start in August
THE site of South Yarra’s notorious Salt nightclub will make way for a $100million, 15-level luxury mixed-use tower, with 120 apartments.
Read moreMicasa8 Student Accommodation Building Opens
Redevelopment of the former Canada Hotel site in Carlton is complete, with the result being Micasa8, a 12-level, 221-unit student accommodation building.
Read moreAustralian Red Cross Leases 1,000 Sq m in Southbank
The Australian Red Cross has leased 1000 square metres of office space at 51 Clarke Street Southbank.
Read moreLast of Williamstown rifle range to be developed
The last piece of Williamstown’s former Merrett Rifle Range will be developed as a $35 million housing estate. Owner Stonehenge
Read moreNational Union of Workers Buy 833 Bourke Street Docklands
The National Union of Workers is believed to have paid about $6.7 million for a Docklands office building at 833 Bourke Street.
Read moreHeritage Victoria Adds Dimmey’s Richmond Building to Heritage Register
Richmond’s Dimmeys store has been formally recognised as a Melbourne landmark.
Read more$150 Million Development Opposite Queen Victoria Market
A prominent development site opposite Queen Victoria Market will be developed into a $150 million mixed-use project including a hotel, apartments and shops.
Read moreUni buying Haymarket roundabout site
The City Ford dealership at the Haymarket roundabout, north of the city, is selling to the University of Melbourne. Sources
Read moreMajor Apartment Planned For The Stork Hotel Site, CBD
THE bright blue and yellow Stork Hotel on the south-east corner of Elizabeth and Therry streets will make way for a 61-level, 452-unit apartment project if a recent application lodged with the Melbourne City Council is approved.
Read moreDiana Baillieu’s $16 Million Toorak Home Sale Still Unsettled
State Opposition Leader Ted Baillieu and his siblings might still have one eye watching the prestige property market after the mystery buyer of the family’s $16million former Toorak home failed to settle on the property as scheduled in December.
Read moreIndigo Group Announces New Stage of Martha’s Cove, Safety Beach
Queensland-based developer Indigo Group has released new harbour-front apartments within the Martha Cove precinct of Safety Beach, about 55kilometres south of Melbourne.
Read moreParks Victoria Comes to the Market For Space
Parks Victoria – custodian of about 17 per cent of Victoria’s land mass – is looking to go green this year, when it will move from the 40-years-old 535 Bourke Street office building in the CBD.
Read moreProperty Lobbyists Propose State Funded Mezzanine Finance Arm With Premier Brumby
BANKERS, bureaucrats, developers, planners and unionists have held round table and private meetings with Premier John Brumby this week to discuss the viability of a state-funded mezzanine finance arm.
Read morePan Urban Starts Construction of Major A’Beckett Tower Building, Despite Economic Backdrop
In a hard hat and safety vest, The Monthly magazine publisher and property developer Morry Schwartz this week turned over the first stones, at the A’Beckett Tower development site, at the top end of the CBD.
Read moreRACV Pays $42 Million For Eagle House, Bourke Street
Motoring mutual the Royal Automobile Club of Victoria has paid $42 million for a 15-level office building, abutting its 501 Bourke Street headquarters.
Read moreHalf Quit As TAC Relocates From Melbourne to Geelong
About half of the Transport Accident Commission’s 700 employees quit their positions as a result of the State Government’s controversial decision to relocate the TAC head office from the Melbourne CBD to Geelong.
Read moreVictorian Building Approvals Fall 15 Per Cent For December 2008 Quarter, HIA
A small increase in Victorian building approvals for the month of December failed to halt the 15 per cent slide over the quarter.
Read moreOaks Hotels Secures Hotel Rights at Ubertas 568 St Kilda Road Rhapsody Development
Oaks Hotels & Resorts has secured the rights to 145 apartments at the new Rhapsody development, in St Kilda Road Melbourne.
Read moreDocklands Southern Star Oberservation Wheel Buckles After a Month
Docklands troublesome Southern Star Obersation Wheel has been closed indefinitely, a month after its delayed opening at Waterfront City.
Read moreSunland Group Unveils Bundoora Apartment Development, University Hill
Queensland-based developer Sunland Group, responsible for the luxurious Palazzo Versace hotel on the Gold Coast, and Yve building on St Kilda Road, has launched an apartment development at Bundoora, about 18 kilometres north of Melbourne.
Read moreNew Proposal For Mitcham High Rise Site
The controversial development dubbed the “Mitcham Monster” may be back, but wearing a much more discreet disguise.
Read moreUniting Church of Australia to Develop Major Office Building at Lonsdale Street Complex
THE UNITING Church of Australia will proceed with a controversial plan to build a high rise office building, within its Wesley Uniting Church complex in the city.
Read moreIndustrial Park Mooted For Prominent Ex-Government Site in Port Melbourne
A once-obscure, but now prominent industrial development site, which abuts a new West Gate Freeway on-ramp in Port Melbourne, will be developed into a major business park after it sold to a local private developer for more than $4 million.
Read morePaul Henley joins Knight Frank
After four years working with developer CGA Bryson, Paul Henley is returning to agency – with Knight Frank. The broker
Read moreVictorian’s Favour Variable Home Loans
When choosing a loan to finance a property purchase, Victorian borrowers are favouring variable rate loans, which now make up 90% of all loan approvals – the most of any state. Fixed rate loans remain well out of favour, representing less than 2% of all home loan approvals, according to Mortgage Choice loan data for December 2008.
Read moreTucks Ridge Vineyard For Sale
Austock Securities’ Peter Hollick is parting with another landmark property, this time in Red Hill South. The stockbroker has listed for sale the Tucks Ridge Vineyard, at 37Shoreham Road, in a deal expected to reap more than $2.5million.
Read moreHistoric Mt Martha home for sale again
One of Mount Martha’s most prominent houses is on the market again.
Read moreLindsay Fox’s Former Home For Rent
Phoenix Fairhaven, the prominent art-deco mansion that trucking magnate Lindsay Fox once called home, has come on to the market – as a rental.
Read moreTroubled Former Coburg High School Site Closer to Being Developed
More than a decade after its doors were shut to students, the former Coburg High School site in Melbourne’s northern suburbs is set to be redeveloped.
Read moreDelfin Lend Lease Sells Maribyrnong River Development Site
Delfin Lend Lease has sold a major residential development site on the banks of the Maribyrnong River, in Melbourne’s inner north-west.
Read moreAdvice if You’re Facing Redundancy With a Mortgage
Having viewed an obvious increase number of redundancies in Australia due to the current financial turmoil, Mortgage Choice expects there are many people who are wondering how they will cope with paying their mortgage without having a job.
Read more