Commercial and residential property news
ONE HUNDRED years after the Preston Bowls Club was established, its prominent northern suburb bowling green and club room in Murray Road, has been sold to developers, and will make way for apartments.
Read moreA horse training centre developed by former Hawthorn Premiership captain Don Scott in the mid 1990s is for sale asking
Read moreLIQUIDATORS for the failed Dollarforce Group, are likely to reap about $3.5 million for an inner-city office development site, abutting Mirvac’s Yarra’s Edge precinct, in Docklands.
Read moreTWO NEW buildings, one rising as high as 10-levels, will be developed opposite the State Library of Victoria, and abutting Melbourne Central.
Read moreQUEENSLAND-based travel agency Flight Centre is bracing itself for a loss, after deciding to sell the St Kilda Road office building it bought and renovated at the peak of the market 16 months ago.
Read moreAPN Property Group director Howard Brenchley said the cash strapped developer will use the $33.01 million it has just pocketed from the sale of a Docklands office building, to reinvest into its other opportunites “at a time when significant opportunity presents itself”.
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A Williamstown house, which could be Melbourne’s oldest standing, is at the centre of a redevelopment dispute – before marketing
Read moreTHE BRUMBY Government has overridden local councils, by speeding through the development of five major projects.
Read moreOPERATORS of licensed pubs and clubs will trial a new security measure, whereby security can serve coloured "cards" similar to those used in soccer, when a patron becomes rowdy.
Read moreNEW PLANS have been lodged to redevelop one of Melbourne’s most prominent landmarks.
Read moreTHE STATE and Federal Labor governments are seeking to purchase a 128 hectare block of land abutting the Maribyrnong River in Melbourne’s north-west.
Read moreWORK has started on Kithbrooke Park, a $90 million over-55s community, three kilometres west from central Torquay. The 20-hectare project is being developed on former farmland at 460 Grossmans Road.
Read moreVictoria’s social housing stock will be boosted and construction jobs supported with an Australian Government investment of more than $171 million.
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The former Australian Dental Association headquarters, in Toorak, will be auctioned after failing to sell privately last year. The mansion-converted-office
Read moreHAWTHORN’S former police station and courthouse will be developed into a luxury hotel, after the Victorian Civil and Administrative Tribunal gave the Deague family’s Asian Pacific Building Corporation the go-ahead to build the controversial project.
Read moreA LONG-STANDING tenancy agreement by confectionery giant Cadbury, to one of St Kilda Road’s first and biggest office buildings, is over.
Read morePRAHRAN’s iconic Station Hotel building in Greville Street, will be retained as part of an $8 million redevelopment of the prominent site.
Read moreTHE MORELAND City Council will unveil a $14 million concept plan, to redevelop the Brunswick Baths site, in Melbourne’s inner north.
Read moreFUND manager General Property Trust may need to find $200 million by July, if two co-owners of a Melbourne shopping centre, decide to sell its small share of the centre, to the beleagured group.
Read moreMORNINGTON PENINSULA residents are hoping the State Labor government doesn’t backflip on its plans not to toll the new $750 million Frankston Bypass.
Read moreA LUXURY 4.5-star resort hotel has been proposed for the bushfire ravaged township of Kinglake, in Melbourne’s north-east, in an attempt to entice tourists to the area.
Read moreMELBOURNE’s controversial $1.1 billion Royal Children’s Hospital project,in Parkville, has changed hands for the second time in a year.
Read moreAfter more than 45 years, McGills will leave its long-time home at 187 – 193 Elizabeth Street. The newsagency told
Read moreAUSTOCK Securities executive Peter Hollick has sold the prominent Tucks Ridge Vineyard in Red Hill South.
Read morePROFESSIONAL caddy, and ex-golfer Matthew Tritton, and former Fitzroy and St Kilda Football Club player David Strooper, have developed, and are now selling a St Kilda East townhouse, which incorporates part of historic horse stables.
Read morePeet Limited (“Peet” or the “Company”) today announced the successful completion of the institutional component of its accelerated non-renounceable prorata entitlement offer (“Entitlement Offer”)1, raising approximately $64.4 million at $1.10 per share, including $10.5 million committed to by Peet Directors and related parties.
Read moreTwo residential projects were unveiled for sites in Prahran’s Grattan Street, between Greville and Commercial Road. The biggest 3181 Prahran,
Read moreREPRESENTATIVES 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 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 moreTHE 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 moreELEVEN 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 moreLeading 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 moreA 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 Anglican Nursing Home has begun.
Read moreAUSTRALIA’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 moreVICTORIAN 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 moreA 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 moreHEALTH 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 moreA 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 moreTHE 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 moreTWO Melbourne assets, owned by failed investment group Storm Financial, have been put on the market by administrator Korda Mentha.
Read moreVICTORIAN 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 moreA BALWYN property until recently owned by the Department of Treasury and Finance, is set to undergo a major residential redevelopment.
Read moreA 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 Gary Zecevic has sold another residential development site in South Yarra.
Read morePROPERTY developer and member of Melbourne’s Myer dynasty Andrew Myer is selling part of a South Yarra project.
Read moreSIXTEEN years after shutting its doors to occupants, the former Stock Exchange House building at 351-357 Collins Street is to be sold.
Read moreA 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 moreTHE APN Property Group is believed to be close to selling its 120 Harbour Esplanade office tower for just over $30million.
Read moreFormer 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 performed worse than expected this Summer.
Read moreTHE LINFOX family want to build an international airport terminal at his Avalon Airport, about 50 minutes south-west of Melbourne.
Read moreA 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 moreGerman prestige car brand Porsche is set to open the doors of its second Victorian dealership next week.
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 moreThree 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 moreA $35 million redevelopment of the former Dyson Bus depot in Bundoora is expected to start construction later this year.
Read moreUndertaking 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 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 moreA disused tennis court, part of the Airlie Police College at the corner of Punt and Domain roads in South
Read moreA $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 moreA $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 moreA $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 moreA $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 moreMELBOURNE’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 morePerth-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 moreEx-Carlton footballer Wayne “the Dominator” Johnston is selling a retail investment property in Hawthorn’s Auburn Road.
Read moreThe 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 moreA TWELVE-year dispute between gaming giant Tabcorp Holdings, and one of its landlords, Bowen Investments, has finally settled.
Read moreColonial 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 moreLuxury retirement home owner the Zig Inge Group has paid $15 million for the prominent Toorak property once owned by Diana Baillieu.
Read moreEnvironmental 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 moreControversial plans for a $25 million hotel, dining room and function centre in the north-west suburb of Maribyrnong have been delayed.
Read moreConstruction of a $260 million office building at the Paris end of Collins Street could start as early as June.
Read moreBiotech and pharmaceutical group Zektin Engineering has leased all of the Parkville office space recently vacated by health care provider Healthscope.
Read moreTight 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 moreTHE site of South Yarra’s notorious Salt nightclub will make way for a $100million, 15-level luxury mixed-use tower, with 120 apartments.
Read moreRedevelopment of the former Canada Hotel site in Carlton is complete, with the result being Micasa8, a 12-level, 221-unit student accommodation building.
Read moreThe Australian Red Cross has leased 1000 square metres of office space at 51 Clarke Street Southbank.
Read moreThe last piece of Williamstown’s former Merrett Rifle Range will be developed as a $35 million housing estate. Owner Stonehenge
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