Mirvac moves to buy out trust
Mirvac Group today announced a $256 million bid to buy shares in the Mirvac Real Estate Investment Trust which it
Read more$35 Development Near Geelong Private Hospital
Another crane will appear in Geelong’s skyline later this year, after the Geelong Private Hospital pre-committed to a new $35 million medical centre on Argyle Street.
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Australand Sells Out of $300 Million Housing Estate in Melbourne’s North
EVOLVE Development has quietly taken control of a $300 million housing estate in Melbourne’s outer north.
The boutique builder, co-owned by outgoing Fairfax Media chairman Ron Walker and business identity Ashley Williams, is believed to have paid Australand about $35 million for the 60 hectare parcel of land at the suburb border of Wollert and the precinct known as Epping North, about 23 kilometres from town.
To be branded Summerhill, the residential project will be the first land subdivision project for the six-year old Evolve, which has traditionally developed trendy apartment complexes in inner-city areas, like Carlton, North Melbourne and Prahran.
Westwater Property Development Sites Sell
Receivers for failed property finance company Westwater Property have put the company’s last two development sites on the market, in deals expected to recover more than $10 million.
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Mornington Peninsula’s Arthurs Seat Chairlift Tourist Facility For Sale
PARKS Victoria is selling the rights to manage one of the Mornington Peninsula’s biggest, yet most ill-fated tourist attractions – the Arthurs Seat Chairlift.
Parks is looking for an operator to design, construct, run and maintain the new tourist hub – which would replace the existing 1960 facility, which shut in 2006 after a string of safety faults left holiday-makers injured, stranded, or both.
Up for grabs is a 950-metre chairlift path, and associated tracts of land at each end of the 305-metre summit, which previously supported a small thriving retail centre.
Bourke Street Foundry Development Site to be Sold
Sure to whet the appetite of stock starved investors, The Foundry development on Bourke Street is expected to be put to the market this week, in a deal which could reap vendor Donnelly Group around $140 million.
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Tip Top Bakery, East Brunswick, Sells Again to Little Project Developments
BRUNSWICK East’s former Tip Top Bakery has been sold, again, and could be developed into a residential village with a possible end value of more than $100 million.
The 1.25 hectare Weston Street factory – once dubbed Melbourne’s unluckiest development site because its previous owners could not get redevelopment off the ground – sold this week for just over $11 million to Little Project Developments, the construction company of Toll Holdings chief executive Paul Little.
The art deco factory was one of the biggest development sites in the portfolio of failed property developer Westpoint, which collapsed in early 2006.
Calculate What a Property Will Sell For Using its Rental Potential
With the spring selling season just around the corner, heres a good tip for buyers.
Using a little trick many valuers, analysts and banks use you can calculate an approximate sale price of a house, by working backwards according to how much rent it can return.
Read moreApartment Owners and Developer Win Bid to Shift East Melbourne Border
RESIDENTS in Becton’s posh One East Melbourne glass tower have won a battle to have their suburb name changed.
At a meeting last week, the Melbourne City Council approved a recommendation to shift the East Melbourne suburb boundary west, to include apartments and an office between 227 – 293 Wellington Parade South, which would have previously been considered Melbourne, 3000, and arguably be worth a lot less.
Formula 5000 racer sells Kew home
Formula 5000 racer Jon Davison is selling a Kew Federation ahead of a move to town. The son of four-time
Read moreVicUrban Announces Plans for $100 Million Office and Apartment Complex, Abutting Footscray Train Station
VICURBAN is proceeding with plans to build a major office building, and two apartment developments on a prominent, but disused 1.3 hectare block, abutting the Footscray train station, in Melbourne’s inner west.
The government’s sustainable land development arm is calling for submissions to develop three sites around McNab Avene, a former bowling green bound by the Footscray Market, Victoria University, and two train lines.
Government agencies, believed to be State Trustees and City West Water, will fully occupy the 15,000 square metre office, while the apartment towers, one of which could rise some 14-levels, will be a mix of traditional “own your own” units, student accommodation and affordable housing.
Sacked Coles Executive Sells Brighton Home
Sacked Coles executive Peter Scott won’t have any trouble paying his upcoming legal bills, after offloading his historic Brighton pad for $5.4 million.
Read moreMore Changes Afoot For Rialto, Melbourne
MELBOURNE’s iconic Rialto building is facing a vacancy blow-out of almost 20 per cent, with major tenant Telstra refusing to confirm it will stay in the office beyond the next few months.
The announcement comes as two restaurateurs confirm they are considering retail space within the landmark building.
Sources say the privatised telecommunications giant, which was told by the Rudd Government last month it may need to separate its wholesale and retail businesses, is considering vacating the approximate 16,000 square metres it occupies of the 84,700 square metre glass office, which upon completion in 1986 was the tallest city building in the southern hemisphere.
“We have a lease that expires in April 2010,” a Telstra spokeswoman told The Age. “We intend to continue to occupy the space until that time.”
Ivanhoe Grammar Buys Retail Property Near Campus
Prestigious private boys college Ivanhoe Grammar is understood to be the mystery buyer of a 1600 square metre retail showroom and development site, across the road from its Ridgeway campus in Ivanhoe.
Read morePlans to Redevelop Preston Bowls Club Into 104-Unit Apartment Complex Lodged With Council
SIX months after the Preston Bowls Club shut its doors and was sold, the site’s new owner has lodged plans to redevelop the 5,000 square metre property into apartments.
The Darebin City Council is reviewing an application which will see all buildings at the Murray Road site demolished, and replaced with a 4-level, 104-unit contemporary apartment tower.
Almost all of the apartments (97) will be configured as two bedroom dwellings, the balance being one-bedrooms, while basement parking will include bays for 130 cars, 32 bikes and 2 motorcycles, according to council.
Bank Place Strata Floor Sells
An owner occupier has paid $1.925 million for a ground floor office suite, with three street frontages, in one of the CBD’s most popular dining precincts. The sale price reflects a market yield of 3.53 per cent.
Read moreCampari Sells For $5 Million
CITY drinking and dining institution Campari, in Hardware Lane, has sold to a Dubai-based investor for about $5 million. The fully
Read moreGunn Island Hotel Middle Park Sells After Auction
Middle Park drinking institution the Gunn Island Hotel failed to sell at a scheduled auction on Thursday, but sold to
Read moreBoard Walk Shopping Centre, Point Cook, Melbourne, Sells For $13.75 Million
TAIWANESE investors have paid $13.75 million for Point Cook’s Board Walk Shopping Centre, about 28 kilometres west of town.
The 3,490 square metre centre, under construction at 48 – 56 Tom Roberts Road, is anchored by a 1,902 square metre IGA supermarket, and includes 13 specialty shops.
Based on the building’s annual net income of $1.02 million, the Board Walk sold on a low yield of 7.4 per cent.
Webb Group could create Brunswick supersite
Webb Group could create itself a super-sized development site in Melbourne’s inner north Brunswick A portfolio of industrial properties on
Read moreFormer VECCHI Building, Abutting Hawthorn Train Station, to Reap $17 Million
HAWTHORN’s former Vecchi office building at 50 Burwood Road will be put to the market, and is expected to sell for about $17 million.
The 5,000 square metre office, which hugs the western edge of the Hawthorn train station, will be sold with a permit for a 2,500 square metre extension.
Colliers International director Rob Joyes said he expects the site to arouse interest from residential developers, as well as investors, because of a flexible zoning that would allow a straightforward conversion into apartments, presumably with ground floor retail.
Australian Red Cross Looking for new Melbourne Offices
The Australian Red Cross is the latest tenant to flag Docklands as a future office location, after quietly issuing a large office requirement to developers and agents this week.
Read moreEquity Chambers Building, CBD, to be Redeveloped Into High Rise Apartments
THE owners of the historic Equity Chambers building at 472 – 478 Bourke Street have lodged plans to build a
Read morePickles Auctions Buys Former Modern Line Furniture Site in Sunshine
Sydney-based car auction group Pickles Auctions has paid $14 million for the former Modern Line Furniture centre in McIntyre Road Sunshine.
Read moreWhitten Oval, Footscray, to Make Way For More Social Housing
PART of Footscray’s Western Oval football ground will make way for a $90 million, 251-unit affordable and social housing project, under new plans proposed by the Club.
The Western Bulldogs wants to team with social housing developer HomeGround Services, to build potential high-rise project, at the Geelong Road edge of the Whitten Oval stadium, around the busy Gordon Road onramp (to Geelong Road).
Funding will come from the Federal Labor Government’s Nation Building Fund.
Read moreAustralian Punk Rocker Sells Box Hill Home
The musician many Australian music experts credit with introducing the punk rock movement to
Dr Turf’s Watergrill Restaurant, 300 Toorak Road South Yarra, to be Developed Into Apartment Tower
FORMER 3AW radio commentator John Rothfield, otherwise known as Dr Turf, will develop a major apartment building on the prominent Watergrill restaurant site in South Yarra.
The sports enthusiast, bookie and author has appointed boutique architect firm Rothelowman to dream a new future for the 1,629 square metre site, which has a 41 metre frontage to Toorak Road, and is on the south-eastern corner of Cunningham Street.
The proposed development is expected to rise no higher than ten levels, and could include more than 100 apartments as well as offices, and ground floor retail, capitalising on the site’s high profile position opposite the Como Centre, and near the busy corner of Chapel Street.
Nick Zampelis to Sell Campari Restaurant, Melbourne
RESTAURATEUR Nick Zampelis will sell the prominent Campari building in Hardware Lane – ending a decade long association with the restaurant.
Mr Zampelis, who has been both an owner-occupier and landlord at 23 -25 Hardware Lane, can expect to make about $4.5 million from the sale of the building, which has housed the drinking and dining institution through various managers since 1968.
Mr Zampelis paid $1.46 million for the building in January 2000, occupying it for a few years before leasing it to tenants, which eventually resulted in its closure.
PRDnationwide, Jens Gaunt merge in Victoria
PRDnationwide – the residential franchise of Colliers International – has secured a commercial interest in one of Victoria’s bigger regional
Read moreAlbert Gasworks Site to be Developed at Last
ALBERT Park’s former Gasworks site will be developed at last.
Sydney-based developer Mirvac has announced plans for Laureate Albert Park, a $90 million townhouse development that will span the entire 8,144 square metre block bound by Pickles, Graham, Danks and Foote streets.
Mirvac paid $18.35 million for the Albert Park development site in June 2007, after a failed attempt by the previous owner Primelife to develop a luxury retirement village.
Whitehorse City Council Rejects 38-Level Box Hill Proposal
PLANS for a 38-level building in suburban Box Hill were rejected by the Whitehorse City Council this week and will now be decided by the Victorian Civil and Administrative Tribunal.
The proposed 133-metre tower, earmarked for an open air car park behind Centro Box Hill Shopping Centre, will include 232 apartments, 176 hotel suites, 4350 square metres of offices and about 4,110 square metres of retail space.
VCAT to Decide on Fate of Oakleigh Motel
THE VICTORIAN Civil and Administrative Tribunal has heard submissions, and is expected to make an announcement within weeks about a controversial apartment and townhouse development behind Victoria’s oldest motel.
The 53-year old Oakleigh Motel – an American Googie styled guest house built on what was then the outskirts of Melbourne, will be retained as part of the proposed redevelopment. But buildings and land around the distinctive 1650 Dandenong Road property will be redeveloped into 54 dwellings, if the developer gets its way.
ING Offloads ATO Box Hill Office For $43.8 Million
THE ING Office Fund has sold a suburban office in Melbourne for $43.8 million, reflecting a high yield of 10 per cent.
The 990 Whitehorse Road office in the eastern suburb of Box Hill is fully occuped by the Australian Taxation Office for whom it was purpose built. The ATO’s lease at the 21,235 square metre multi-level building expires in 2014.
Views currently enjoyed by the building’s tenants over the Box Hill railway line may soon be lost if a proposed 38-level mixed use tower, mooted for a car park site at the corner of Station and Carrington streets in behind the Centro Box Hill shopping centre, proceeds.
Read moreChinese Government Rumoured to be Behind $7 Million Toorak Mansion Buy
THE founder of online careers website Jobs Jobs Jobs, Guy Sigston, is understood to be close to selling his near-new French Provincial style Toorak mansion for about $7 million.
The 6-bedroom, 80 square Selborne Road home, which includes a 5-car underground garage, gymnasium, wine cellar and rooftop terrace with city views, was listed for sale in May.
Rumour doing the rounds in Toorak Village is that interests associated with the Chinese Government are the frontrunners to buy the property, but this could not be confirmed.
Heritage Victoria authorises the dismantling of Melbourne’s oldest house, to make way for townhouses
HERITAGE Victoria has authorised the dismantling and removal of a ramshackle Williamstown home which was added to the Victorian register just two years ago for being Melbourne’s oldest house.
The Aitken Street site where the house has sat since it was built in about 1842, is expected to make way for a townhouse and apartment project.
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Kroger, Peacock list South Yarra pile in parts
Michael Kroger and Ann Peacock, who recently separated, have amended the marketing campaign for their South Yarra home. After not
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Plans advance for $750m Caulfield Village
Construction of a $750 million mixed-use village with offices, apartments and a shopping centre at Caulfield Racecourse could start within
Read moreRAIA to Develop 17-Level Office at 41 Exhibition Street Headquarters Site, Melbourne
The Royal Australian Institute of Architects is proposing to build a 17-level office building on the site of its Exhibition Street headquarters, which could affect the million dollar views of the neighbouring prestigious 101 Collins Street building.
RAIA chief operating officer Ross Clark told The Age it hopes to redevelop its 4-level, 41 Exhibition Street property into a 7,000 square metre building with two levels of retail space, and about 5,000 square metres of offices over 15 levels.
The institute will occupy about three levels, Mr Clark said, while some of the remaining space will be sold to investors and owner occupiers as strata office suites.
Salta to Reap About $32 Million From Coles Distribution Centre, Altona North
SALTA Properties is continuing to dispose of major properties, this time putting a massive 44,000 square metre Coles distribution facility up for sale.
The two year old Altona North building is leased to Coles until 2017, and is expected to sell for about $32 million, reflecting a 8.75 per cent yield, based on the building’s current annual rental income of $2.8 million.
REIV Senior Auctioneers Competition Winner Announced
FOR the second year running, a Jellis Craig employee picked up the Senior Auctioneers Competition Award, at a Real Estate Institute of Victoria hosted event last Wednesday.
Steven Abbott, a business development manager for Jellis Craig which operates mostly in Melbourne’s leafy eastern suburbs, pipped other finalists including Michael Choi of McDonald Real Estate in Keysborough, Sam Gamon of Chisholm & Gamon Elwood and John Matthews of Barry Plant in Essendon (winner of the award in 2007). Last year the award was won by Jellis Craig agent Scott Patterson.
Ubertas Unveils $450 Million Mixed Use Building Opposite Flagstaff Gardens, Melbourne
PRIVATE developer Ubertas has revealed plans for a $450 million mixed-use tower opposite the Flagstaff Gardens, in the Melbourne CBD.
The Fender Katsalidis Architect designed tower planned for 350 William Street will rise 50-levels, and include 626 apartments, 20,900 square metres of office space, 940 square metres of ground floor retail. 460 car park bays and 185 bicycle parking spaces.
Half the apartments will be “studio” serviced apartments (ie, no separate bedroom) whereas the balance will be standard “own your own” apartments which may be lived in, or rented out as an investment.
Read moreInvestors to drive demand after December: survey
Investors will replace first home buyers as the major demand driver from next year according to a Mortgage Choice survey.
Read moreCharter Hall Sells Interest in Abbotsford Portfolio For $18.3 Million
CHARTER HALL has sold its half share interest in a portfolio of ten inner-city investment properties, with redevelopment potential.
Charter Hall will sell its share in the “Fosters Abbotsford” portfolio to its consortium partner for the investment, the Wyllie Group. The $18.3 million sale price reflects a yield of about 8.15 per cent for Wyllie, and a 9 per cent discount to the Charter Hall December 2008 independent book value.
Waterford Valley Golf Course, Knoxfield, to Fetch $15 MIllion
ANOTHER Melbourne suburban golf course has quietly come onto the market for sale – this time in Knoxfield. Southern Pacific Golf
Read moreGoodman Group Offloads Rowville Business Park For $22 Million
THE GOODMAN Group has offloaded the Regal Business Park in Melbourne’s south-east, for about $22 million.
The 23-hectare site in Rowville, some 25 kilometres from Melbourne, was sold on a yield of 10 per cent, reflecting recent research suggesting the capital value of industrial suburban property has decreased over the last couple of years of between 15 and 20 per cent.
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Underworld home mortgaged, burnt
THE ASCOT vale home of underworld matriach Judy Moran has been suspiciously burned by fire.
Police were called to the Ormond Road house at about 11pm last night, and just hours after Ms Moran was charged as an accessory for the murder of brother in law Des Moran, in the nearby Union Road shopping strip.
Neighbours reported hearing several gunshot-sounding explosions at Ms Moran’s Ascot Vale house at about 10:45pm, before fire engulfed the front of the 1930s brick property.
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Fridcorp to Build Office Suites into Salt Site $150m Redevelopment
BOUTIQUE builder Fridcorp has used its $150 million redevelopment of the notorious former Salt nightclub, to diversify into commercial office development.
Fridcorp will develop 2,247 square metres of offices within South Yarra’s “lilli” development, on the corner of Claremont and Daly streets in South Yarra.
Lilli is an Elenberg Fraser designed 15-level building, with ground floor retail abutting a new pedestrian thoroughfare which will give South Yarra train passengers direct access to Chapel Street via Daly Street, bypassing Toorak Road.
Will Fowles to Sell Broadford Residential Development Site
THE YOUNGEST person ever to be appointed to the Melbourne City Club CommitteeWill Fowles, is selling an 80-lot residential subdivision in Broadford, between Wandong and Seymour.
The 39 hectare development site fills a wedge between the Broadford township, and the Hume Highway, and is expected to sell for about $2 million. The residential subdivision will be built around a large natural lake, which will also be sold.
ALP Announces New ‘Solar Credits’ Legislation
The Australian Government will today release the final legislation for the expanded Renewable Energy Target (RET) which will allow for the creation of new ‘Solar Credits’ to replace the existing Solar Homes and Communities Plan (SHCP) from today onwards.
Solar Credits will build on the largest ever investment in solar panels in the nation’s history under the Solar Homes and Communities Plan, with more than 80,000 solar systems set to be installed on Australian rooftops since the Rudd Government came to office.
“This Government has overseen more installations of solar systems in 18 months than we saw over the previous eight years, transforming the sector from a cottage industry to part of a productive and growing green-collar workforce,” Mr Garrett said.
Read moreNew $300 Million Public Housing Focussed Estate, For Carlton
Two of Australia’s major property groups have entered into a joint venture to deliver the largest and most environmentally sustainable public housing redevelopment in Victoria.
The Australand and St Hilliers consortium is the Victorian Government’s preferred choice to deliver the multi-million dollar redevelopment of public housing in Carlton.
St Hilliers is both an equity participant in the development as well as the preferred contractor. Citta Property Group will jointly manage the redevelopment of the project with Australand. The consortium is expected to finalise all development documentation by the end of July.
Read moreQueens Rd mansion earmarked for luxury apartments
Heritage listed mansion turned sex-on-premises club The Mansion, at the fork where Queens Road becomes Dandenong Rd, has sold to
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Oz Minerals Shrinks Occupancy at Freshwater Place Office, Melbourne
OZ Minerals will substantially shrink the amount of office space it occupies in Southbank’s near-new Twenty8 Freshwater Place office building – from four levels to one.
The 1-year old company, which came about after the union between Oxiana and Zinifex, will sublease level 21 of the building, which has not been occupied in the near 12-months the company has called Southbank home.
Oz Minerals leased the space for ten years, and is looking for a tenant to pay a starting rent of about $395 per square metre, per annum, for the 1,750 square metre office.
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Brunswick’s Former Tip Top Bakery Site to be Sold, Again
VICTORIA’s unluckiest development site will be put to the market, again.
The 1.25 hectare former Tip Top Bakery, in East Brunswick last sold about 18 months ago for an approximate $9.5 million, to a development consortium backed by Queensland-based LM Investment Management Ltd which says it has a mortgage over the property.
The bakery has previously been owned by property spruiker Henry Kaye, who paid $15 million for it in 2003, and Norm Carey’s failed Westpoint Group, which paid about the same price for art deco cream brick factory in 2004.
Investa to Sell Wool House, Parkville, For $22 Million
UNLISTED property giant Investa is understood to be close to selling its “Wool House” office building at 369 Royal Parade, opposite the Princess Park football oval.
Sources say an Asian based private investor is in advanced negotiations to buy the B-grade, 11-level building on the south-west corner of Walker Street, for about $22 million, less than the $26.6 million Investa paid for the asset in September 2006.
The same buyer is understood to be looking at another suburban office owned by Investa, but this could not be confirmed.
ING Office Fund Sells 412 St Kilda Road For $42 Million
ING Office Fund today announced progress of its selective asset disposal program with the sale of 412 St Kilda Rd Melbourne for $42.0million, reflecting a 6.7% discount to the 31 December 2008 book value.
The property was acquired in June 1996 at a cost of $34.3million and had a book value at 31 December 2008 of $45 million.
Read moreNew Rail Line Proposed For Melbourne’s North West
THE NORTH-western suburbs of Maribyrnong and East Keilor may be serviced by a train line, if a suggestion by former Melbourne Lord Mayor Kevin Chamberlain is accepted by the State Government.
The plan would involve extending the existing, but largely disused Flemington Racecourse about three kilometres north-west, through Maribyrnong to East Keilor.
Read moreState and Federal cooperation on first home buyers a good step
The REIV has welcomed the combined action of the state and federal governments to continue the grants, boosts and bonuses for first home buyers.
REIV CEO Enzo Raimondo said that the extension of the assistance would help thousands more first home buyers purchase their first home.
“As of the 1st of July a first home buyer in Victoria will be eligible for $16,000 for an established home and $12,500 after 30 September in combined assistance from the State’s grant and bonus and the Federal government’s boost.
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Salvation Army Reaps $1.95 Million From Riverfront Kew Home
THE SALVATION Army has reaped $1.95 million from the sale of a riverside Kew property it acquired as part of a bequest last year.
Read morePremier Under Attack For Inflating Promised Infrastructure Job Numbers
VICTORIAN Premier John Brumby used inflated employment projections in last week’s budget, to sell his $7 billion infrastructure plan to the public.
Read moreLockerbie, Kalkallo Announcement, Weeks Away
A DECISION to build a $4.5 billion province with the potential to house 35,000 people, may be made by Planning Minister Justin Madden within weeks.
Read moreRedcourt and Cestria Mansions Sell, and to be Restored
TWO DILAPIDATED mansions, until recently used as student housing, have sold and will be fully restored by their new owners.
Read moreChurch of Scientology One Step Closer to Selling City Headquarters
THE CHURCH of Scientology is one step closer to selling its outgoing Melbourne CBD headquarters.
Read moreBorders, Angus and Robertson, Lead String of CBD Lease Deals
REDgroup Retail, the new owner for Borders and Angus & Robertson bookshops, is reported to have leased about 1,600 square metres of space at the former Herald & Weekly Times building, now the premium 8 Exhibition Street office building.
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Cumnock for sale after renovation
Parkville mansion Cumnock – once part of theological school Ridley College – is coming back to the market after a
Read moreStorm Financial Sells Melbourne Office at a Loss After Just 4 Months
RECEIVERS for failed investment planning company Storm Financial have reaped just $5.7 million from the sale of a city-fringe office building, once earmarked to be the group’s Melbourne headquarters.
Read moreHive Shopping Centre and Apartment Building, Under Construction in Abbotsford
A MASSIVE Abbotsford property, once occupied by Kevin Dennis Motors as a service and sales delivery centre, is being redeveloped into Hive, a $50 million shopping centre, and residential village.
Read moreChinese Buyers Buy More Posh Melbourne Property
RELAXED rules relating to the sale of property to foreigners, formally introduced earlier this month, has resulted in “a flood” of prestige properties selling to investors from mainland China.
Read moreBurgess Rawson Buys CBD Office Building
AT LEAST one real estate agency has put their money where their mouth is, forking out just over $5 million for a historic CBD office building, it plans to owner occupy.
Read moreUniting Church of Australia Shelves Plans For Lonsdale Street Office
THE UNITING Church of Australia has shelved plans to develop a 20-level, $100 million office building on the grounds of its Wesley Uniting Church site in Lonsdale Street.
Read moreApartment on Former Baillieu Estate, For Lease
An ultra-ritzy penthouse apartment built on what was once the backyard of another Toorak estate, the childhood home of State Opposition Leader Ted Baillieu, has also come on the market for rent.
Read moreMullion, Toorak For Rent
TOLL HOLDINGS chief executive Paul Little has decided to rent out a unique Toorak property he bought two years ago, rather than incorporate it into the backyard of his massive neighbouring Coonac estate.
Read moreLend Lease’s The Gauge Building, Docklands, Wins Sustainability Awards
The Gauge, conceived and developed by Lend Lease, has achieved another prestigious honour, winning the inaugural Built Environment Award at the Victorian Government’s 2009 Premier’s Sustainability Awards.
Read moreNineteen ABC Learning Centres to Close Nationally
RECEIVERS for the beleagured ABC Learning group have found operators to buy 210, of the 241 centres once under control by the group.
Read moreCharter Hall Buys Nylex Mentone Sites, Gets Moving Developing Residential Development
DEVELOPER Charter Hall has unveiled plans for a major residential development on the former Nylex industrial products manufacturing and distribution facility in Mentone.
Read moreMirvac Launches Harmony 9 Prototype, Waverley Park
IT’s hard to believe Mulgrave’s Waverley Park was once earmarked for a 157,000 seat stadium given its location, at the centre of a rain belt, lends itself so well to an environmentally sustainable housing community.
Read moreGandel May Have Expanded His Mornington Peninsula Pile
SHOPPING centre magnate John Gandel already owns Melbourne’s most expensive home, the massive Bedford castle, in Toorak.
Read moreServiced Apartment Operator Buys Block of 27 East Melbourne Flats
SERVICED apartment operator Darling Towers is believed to have paid $6.3 million for a block of 27 apartments in East Melbourne.
Read moreBest performing suburbs through the downturn
Successive interest rate falls since September coupled with boosts to the first home buyer grant, have resulted in a near
Read moreNew Home Sales in Victoria Surge in 2009, HIA Finds
New home sales in Victoria have outperformed the rest of the nation over the three months to February, according to the latest survey by the Housing Industry Association (HIA), Australia’s largest building industry association.
Read moreQueenscliff Boat Owners Face Hike in Berthing Fees
OWNERS of marina berths in Queenscliff have been hit with a substantial rise in berthing fees.
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