Le Louvre to Leave Collins Street For South Yarra

Le Louvre Collins StreetMELBOURNE establishment frock shop Le Louvre will leave its long time home at 74 Collins Street, and relocate to South Yarra.

Boutique owner Georgina Weir has sold the prominent 3-level 1855 building to Queensland Investment Corporation, which owns the 50-plus level Nauru House office building behind Le Louvre.

Le Louvre stood in the way of a $500 million mixed use village of high rise offices, and a shopping arcade proposed by QIC for the Nauru House forecourt last year.

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Heritage Williamstown house vandalised

VANDALS have damaged the already dilapidated Williamstown house at the centre of a conservation row (and residential development site) in Melbourne’s south-west.
 
After a complaint by the Hobsons Bay City Council, Heritage Victoria has ordered the property’s owner, Hoppers Crossing pensioner Gary Page erect a new fence around the crumbling home – which occupies a corner of an 839 square metre site his family has owned since 1964 and used as storage for a family business.
 
Mr Page listed the Aitken Street site for sale in April to help pay his living costs, after the global financial crisis saw his superannuation value plummet. 

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Commission Flats Earmarked for Melbourne CBD Gateway Site

A LANDMARK CBD building – formerly the Department of Defence Drill Hall – will be developed into Melbourne’s next social housing project.
 
The State Government has sold the prominent 74-year old Art Deco building – with its distinguished double storey pillars – to social housing developer Melbourne Affordable Housing which plans to build an 8-level, 59-unit tower on the triangle site.
 
At an estimated cost of about $30 million, the “gateway” development is mooted for the junction where Victoria Street meets Therry Street, opposite the Ibis Hotel, and the Carlton suburb border.
 

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Australia’s First K-Mart Centre to Double in Size

THE SHOPPING centre where Australia’s first K-Mart opened in 1969, is set to undergo a major extension and renovation.
 
The owners of the K-Mart Plaza, also known as the East Burwood Plaza, will double the size of the complex, on the corner of Burwood Highway and Blackburn Road, from 15,000 square metres to 30,000 square metres.
 
Pomeroy Pacific development manager Paul Chiodo said the $35 million extension will add about 30 specialty shops, a 5,500 square metre Coles supermarket, a 333 seat restaurant, gymnasium, and a First Choice bottle shop. The extension will be built over an an existing car park, on the western side of the 6.3 hectare site.

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Jason Donovan, Kylie Minogue Former Australian Homes For Rent

Jason Donovan and Kylie MinogueTHE TOORAK home until recently owned by entertainer Jason Donovan has come onto the market, as a rental.
 
The UK-based Donovan sold the 4-bedroom English style home at 1 Torresdale Court early last month for about $2.7 million, pocketing a nifty profit on the $1.2 million he paid eight years earlier. Marshall White is now marketing the property for lease at $1,500 per week.

Donovan, with partner Angela Malloch and their two children, will live full time in Notting Hill where the actor has landed a role in the London stage version of Priscilla, Queen of the Desert. The family is expected to eventually buy a smaller Melbourne base.

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Andrew Myer to Reap $55 Million From The Well Shopping Centre, Camberwell

Andrew MyerANDREW Myer has decided to sell his Camberwell shopping centre, The Well.
 
The son of late philanthropist Ken Myer and grandson of Myer department store founder Sidney Myer, can expect to make about $55 million for the 9,240 square metre centre.
 
The Well opened eight months ago and includes about 30 speciality shops, a 1,202 square metre JB Hi Fi and a 2,812 square metre Coles supermarket.

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Vacant “Sofia Restaurant” Site to Become 7-Level Hotel

Sofia's CamberwellPLANS to develop a 7-level, 82-room boutique hotel in Camberwell’s ritzy Burke Road shopping strip, have been approved by the Victorian Civil and Administrative Tribunal.
 
The hotel will be developed at 851 – 855 Burke Road, behind the National Trust protected red brick walls of a former State Savings Bank. The property is known locally as “The Sophia Restaurant” site, being next door to the popular local dining institution.

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Mirvac on Track to Redevelop Scoresby Austral Bricks Site into 1000 Lot Estate

PLANS to redevelop the 56 hectare Austral Bricks quarry in Scoresby, and part of Wantirna South, are “well progressed”.
 
Sydney-based developer Mirvac said it has applied to subdivide the massive property into about 1,000 housing lots, which will eventually accommodate a mix of 2, 3, 4 and 5 bedroom terrace and freestanding homes. A new mixed use shopping centre will also be developed on the site, about 25 kilometres south-east of town.

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Orchard to Pocket $54 Million From 350 Collins Street Sale

Orchard Funds Management is believed to be close to selling its B-grade Collins Street office building for $54 million.
 
The Citibank Centre, at 350 Collins Street, is a 50-year old, 15-level building with 17,800 square metres of office space, 96 per cent of which is occupied.
 
The building returns about $5.4 million in annual rent, and at a sale price of $54 million, would trade on a yield of 10 per cent.

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New Victorian Urban Growth Boundary Proposed: Government Statements and Fast Facts

The public and community have been invited to make submissions on the proposed changes to Melbourne’s Urban Growth Boundary (UGB) flagged last December in the Brumby Labor Government’s Melbourne @ 5 Million strategy.
 

Planning Minister Justin Madden today released the draft UGB as part of the Brumby Labor Government’s Delivering Melbourne’s Newest Sustainable Communities package.

The draft UGB also incorporates the proposed alignment of the Outer Metropolitan Ring Road, proposed alignment of the Regional Rail Link and the creation of two new grassland protected areas in Melbourne’s west.

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VicUrban Keeps Point Cook Site, But Puts Officer on the Market

VICURBAN has abandoned plans to sell a development site within its Boardwalk Estate at the Point Cook Town Centre, 20 kilometres west of Melbourne.
 
General manager urban and provincial communities for Vicurban, Rob Vines, told The Age the bidding process, engaged earlier this year, did not result in the outcomes sought by the group for the site. The Boardwalk estate will eventually include a primary school, Catholic high school, child care facility, community centre, football oval and general store.

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Eastern Golf Club to be sold for housing

Tullamore Homestead, Eastern Golf Course, DoncasterEASTERN GOLF Club board members will sell their massive Doncaster golf course, paving the way for a mixed use development of bulky good shops, offices, apartment towers and houses, with a potential end value of more than $1 billion.
 
The 48-hectare property, accessed by more than 12 suburban streets, is expected to sell for about $100 million to a developer, which sources expect will capitalise on the prominent Doncaster Road frontage with commercial and high density residential buildings, and subdivide what is currently an 18-hole golf course, into more than 1,000 housing lots.

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Origin Employs Jamie Durie Team to Design Rooftop Office Garden

GARDENER turned US-talk show regular Jamie Durie and celebrity chef Tobie Pollock braved a cold Melbourne morning, to launch an “outdoor room”, on a seventh floor balcony of the 271 Collins Street office building, the former headquarters of the National Australia Bank.
 
The Original National Customer Contact Centre was designed by Durie’s PATIO team, and landscape designer Ian Barker and Associates as a space “to encourage creativity and outdoor activity, while providing a place for Origin’s people to relax and interact in an engaging, communal setting.”

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PCG Group Appoints David Barnard as Director

Workplace expert Project Control Group Pty Ltd (PCG) has appointed David Barnard as Director to their Melbourne business providing independent property advisory and project services to  Melbourne’s business community. Mr Barnard brings to PCG 18 years experience in assisting major corporate tenants manage and optimise their business space agendas and delivering workplace and facility projects in accordance with predetermined time,cost and performance aspirations. For the past 18 years Mr Barnard has successfully fulfilled various corporate property roles within the ANZ Bank including Head of Property for ANZ National in New Zealand and prior to that senior positions with Baulderstone Hornibrook.

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Peet Limited Raises Appriximately $64.4 Million Through Institutional Entitlement Offer

Peet 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.

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Devine 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.

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