realestatesource

Sixteen months after pre-committing to a warehouse within Frasers Property Industrial’s Braeside Industrial Estate, in Melbourne’s south east, IVE Group has leased another. The Braeside property will be for the occupier’s IVE Retail Display business, which will relocate from Sunshine, 12 kilometres west of the city. At 3 Beyer Road, it will contain 6436 square

Melbourne developer Andreas Angelatos has found an occupier for the office component of a retail and commercial Toorak building he bought for $7.41 million at a fast paced auction, last October. A psychotherapy and allied service practice has committed to the 120 square metre space at 617 Malvern Road for two years. The annual rent

Caydon has offloaded another Melbourne hotel, this time in the city. Vibe Hotel Melbourne, which opened in May at 1-5 Queen Street, is speculated to be selling for $108m to Sino Pacific Trading Company Limited, the food importing business owned by Thailand’s Savetsomphob family. The mooted purchaser paid the same price for the 145-key Vibe

A Chinese investor is paying $29.1 million for The Village Dandenong shopping centre, in Melbourne’s south east. The off-market deal was brokered by JLL director, Retail Investments, Stuart Taylor and Ming Xuan Li, associate, on behalf of Perth-based RG Property. The result reflects a low 5.19 per cent initial yield (it is six per cent

ESR is speculated to be spending more than $75 million on an industrial development site in Melbourne’s south east. The 78.8 hectare parcel, 590 and 620 Western Port Highway, Cranbourne West, has been held for decades by the renowned Kelly farming family. Cameron’s Ben Cooper, Angus Clark and David Johnson closed an expressions of interest

Allianz Real Estate is reportedly snapping up two modern student accommodation towers in Melbourne’s inner north Carlton. The investments formed the Journal Student Accommodation Fund – which was 90 per cent controlled by Johannesburg listed Redefine Properties with the balance held by the Davidoff family’s Citiplan. The vendors appointed JLL to market the assets late

A 97-suite hotel listed for sale in 2018, and completed last year, has traded for $40 million. Sebel Moonee Ponds at 41 Homer Street is one of several structures within Mason Square, a mixed-use but predominantly residential village replacing a 1.34 hectare piece of the former Moonee Ponds Market, seven kilometres north west of Melbourne.

Mount Eliza’s waterfront Morning Star Estate is on the market again. Asking $40 million, it is the third priciest residential property for public sale in the state. On 63.2 hectares, 2 Sunnyside Road contains a grand Victorian mansion built in 1867 for the Gillett family. For decades until 1975 it served as the Morning Star

Kaufland has found buyers for nine Australian properties – today revealing the ASX-listed buyers for two of them. Its portfolio – an unbuilt distribution centre and parcels earmarked for supermarkets – was estimated to be worth $500 million. The Germany based retailer spent more than two years acquiring properties and creating a development pipeline ahead

A high clearance single storey warehouse in Melbourne’s inner north east Collingwood has sold to an owner occupier for $8.4 million. The brick structure at 163-165 Islington Street spreads a 1200 square metre site. Zoned Commercial 2, it could make a way multi-level office project. The sale comes a week after UEM Sunrise spent $43m

Design details of Victoria’s biggest vertical public school – earmarked for part of the Fitzroy Gasworks site in Melbourne’s inner north east – have been revealed. Known in planning circles by the interim name of Fitzroy Gasworks Senior Campus, the Fitzroy North facility will be utilised by students from both Fitzroy High School and Collingwood

Daisho has settled on the $220 million purchase of the hotel component within Cbus Property and Industry Superannuation Property Trust’s Collins Arch. The property sale was announced in late 2016. At the same time, Marriott International confirmed it as Melbourne’s first W Hotel (the country’s maiden inn opened in Brisbane two years ago). The complex,