Hotel St Regis signs up to Melbourne’s $800-million Flinders Bank development
World renowned luxury inn St Regis Hotels and Resorts, which is owned by Marriott International, will open its first Australian
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LYZ Property Group to flip enormous Hawthorn development site
LYZ Property Group is flipping a large corner block in Hawthorn – one of Melbourne’s blue ribbon suburbs. The 2593
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Golden Age Group spending more than $30 million on Rockbank, Melbourne, development site
Two months after snapping up a Sydney hotel site, it has been revealed Golden Age Group, led by Jeff Xu,
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Orion International Group and Box Hill Institute propose 29-storey building
Orion International Group has signed an agreement with Box Hill Institute to replace an open-air car park with a mixed-use
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Chinese builder AZX Group flips Melbourne CBD development site for $35m
Privately owned China-based builder AZX Group has flipped a Melbourne CBD site after obtaining a valuable redevelopment permit. The vendor,
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Crown International Holdings Group Pays $27 Million For North Sydney Development Site
CROWN International Holdings Group has paid $27 million for a North Sydney development site with plans and permits for a 180-unit apartment complex.
The 1600 square metre site at 211 – 223 Pacific Highway will be added to the portfolio of the Sydney-based builder, which according to the AFR, controls some $1 billion worth of apartments in local developments in Parramatta, Rhodes and above the Top Ryde City shopping centre in Ryde.
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CGA Bryson to Sell Camberwell Development Site
LOCAL developer CGA Bryson is selling a prominent Camberwell development site it bought just 15 months ago.
Opposite the City of Boroondara council offices, and the Camberwell Civic Centre, the 4383 square metre site at 347 Camberwell Road (aerial shot of site, pictured, right) is being offered with a permit to develop an 8277 square metre office building. Commercial office rents in Camberwell are amongst the most expensive in suburban Melbourne, achieving more than $300 per square metre, per annum in some cases.
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Sydney CBD’s $6 Billion Barangaroo Redevelopment Set to Start Construction After Years of Protest
NEW state premier Barry O’Farrell will personally supervise the controversial $6 billion Barangaroo urban renewal project, set to replace industrial land – part of a Sydney Harbour container terminal, that ceased functioning in 2003.
The waterside project will include a compound of skyscrapers, one being a hotel that will jut into the water, in a copy of Dubai’s Burj al Arab tower.
The redevelopment was lobbied against by Greens groups and local councils, as well as wealthy Sydneysiders whose views will be lost. Protesters argued planning approvals were flawed, and resulted from the “mates” culture of the previous state Labor government.
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Australand, LaSalle Pay $35 Million For Clemton Park Development Site, South-West Sydney
LISTED institution Australand Property Group with partner LaSalle Investment Management, have paid about $35 million for a 5.5 hectare development site in Sydney’s south.
The Clemton Park site (aerial of the suburb, right) sold with a permit. It’s expected to deliver about 700 dwellings over a five to six year period.
Construction company Parkview sold the site, some 15 kilometres south-west from the Sydney CBD and near Earlwood, Kingsgrove and Campsie and not far from the city’s international airport.
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Deague Family to Sell Petrol Station Turned Development Site, Prahran
AFTER canning plans to develop a ritzy hotel, local development family the Deague’s are selling a petrol station-turned residential development site in Prahran.
The small site, at the south-west corner of High and Thomas streets, is opposite Swinburne University’s Prahran campus, and walking distance to retail mecca Chapel Street – which commands the highest retail rents of any inner-city shopping strip.
The Deagues purchased the 118 High Street site about four years ago with plans to build a hotel, the Larwill, as part of its “art” series chain.
However, like many projects by the Deague family’s Asian Pacific Building Corporation, it’s been canned. The site is expected to sell at a premium given it now has a permit – prompting speculation the wealthy family is property speculating.
Coles Group Buys Piece of Major Brighton Mixed Use Village, Melbourne
WESFARMERS owned Coles Group is speculated to be paying around $13 million for an as-yet-undeveloped, approximate 4200 square metre supermarket in the ritzy Bay Street, Brighton retail strip.
Sources say Coles is purchasing the space off ASX listed Abacus Property Group, which is proposing a mixed use village for the site on the south-west corner of Male Street.
The property, for a couple of years now a block of dirt behind a fence, was earmarked for a $38 million office and retail complex, however it’s understood a new complex with a residential component is now proposed.
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Ultra Tune Buys Strata Office in Stockland’s Tooronga Redevelopment
DESPITE a job in which driving luxury cars is a perk, Ultra Tune boss Sean Buckley doesn’t want to travel for too long, to get to work.
Mr Buckley will relocate the company’s headquarters from Box Hill, to Glen Iris, after paying a speculated $2.4 million for a 400 square metre strata office suite, part of Stockland’s massive $500 million Tooronga Village redevelopment, about nine kilometres south-east of town.
Even though development at the Glen Iris site has been rampant in recent years, Stockland is only into the first redevelopment stage, of five.
Read moreHealth Group Pays $17.1 Million For Hawthorn Office
RESIDENTIAL developers keen to get their hands on a prime 4152 square metre (or an “acre”) site abutting the Hawthorn train station have been left disappointed, with an owner occupier snapping up the Burwood Road property for $17.1 million.
Colliers International director Rob Joyes, who sold the 50 Burwood Road office with Peter Bremner, said a health-related group will redevelop the building into a specialist medical centre.
The 5246 square metre office building was marketed with a permit for a 2500 square metre extension, and included 174 car spaces.
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Controversial Planning Policy Claims Eastern Suburbs Most Prized Development Site
THE CONTENTIOUS planning policy that eastern suburb-based actor Geoffrey Rush warned in 2004 “would fundamentally alter the tone and character of Melbourne in a way that I don’t believe people are quite aware of” has finally claimed the eastern suburb’s most prized development site.
The Camberwell Station redevelopment – one of the earliest and highest profile planning disputes to arise after the 2002 Melbourne 2030 blueprint (since turned into the Melbourne @ 5 Million planning policy) – should see construction start this year.
Boutique builder Arno (a brand of the developer reported previously as Tenterfield) is accepting registrations of interest for apartments in a major new development, The Place.
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WA Government Appoints Delfin Lend Lease Preferred Developer For Alkimos Community Development
THE West Australian government has named Delfin Lend Lease as the preferred developer for the first stage of the 710 hectare Alkimos Community development, 40 kilometres north of Perth.
Alkimos will be Delfin Lend Lease’s first major project in WA, despite establishing in the state two years ago.
Perth based Satterley Property Group and Mirvac were also shortlisted to buy the site, the AFR reports.
DFO Owners Buy Chadstone Bulky Goods Development Site
THE owners of discount outlet chain DFO have been revealed as the buyers of a prominent bulky goods development site near the massive Chadstone Shopping Centre.
Peninsula Development Group, a privately owned development company controlled by David Goldberger, Sam Fink and David Weiland is expected to develop a $20 million bulky goods shopping centre on the 675 Warrigal Road site, until recently home to chemical services company Clariant.
St Hilliers Contracted Appointed to Build Kyko Group’s $150 Million Mon Komo Project, Queensland
St Hilliers Contracting has been appointed to construct one of southeast Queensland’s $150 million mixed-use Mon Komo project, on the Redcliffe Peninsula.
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 moreMyer Leases Space at QV
Myer has leased prominent retail space at a rival city shopping centre, while its own headquarters undergoes a massive renovation.
Read moreDamgar Group Takes Punt For Glen Iris Office Building
The Damgar Group is taking a punt on an untapped suburban office market, announcing plans for Creswick Malvern, a $24 million office building in Melbourne’s south-east.
Read moreISPT, CBus Confirm $700 Million Bourke Junction Development, Docklands. Suncorp Major Tenant.
Industry Superannuation Property Trust (ISPT), Cbus Property and EPC Partners today announced their joint venture to develop the new $700 million South East Stadium Precinct (SESP) at Docklands in Melbourne.
Read moreThe GPT Group officially unveils Rouse Hill Town Centre
Rouse Hill Town Centre combines the traditional values and streetscape of a contemporary market town with the latest in shopping, dining and lifestyle choices.
Read moreWestfield Group Announces Solid Growth in Operational And Development Earnings
The Westfield Group (ASX:WDC) today announced its full year results, reporting operational segment earnings for the year ended 31 December 2007 of $1.79 billion, up 11.6% over the prior year. This represents 96.12 cents per security, an increase of 6.0% on a constant currency basis.
Read moreHamton Property Group and Macquarie Buy Former Coburg High School
Developer Hamton Property Group has teamed with Macquarie Real Estate Investment, to buy the former Coburg High School, in Bell Street Coburg.
Read moreFoster’s Sells Another Site Near Abbotsford Brewery, Development Wave Underway
The Foster’s Group has made $8.3 million from the sale of another industrial property in the inner north-eastern suburb of Abbotsford. The property was sold separately from a portfolio of eleven other Abbotsford properties offloaded by the brewer last year to Charter Hall, for around $41 million.
Read moredaVinci Advisers, Multiplex Developments Buy The Foundry Site For $87 Million
Japanese fund manager daVinci advisers this week confirmed it has purchased the large mixed use The Foundry complex at 399 Bourke Street, in a deal worth $87 million.
Read morePort Melbourne Development Boom
Port Melbourne is undergoing an industrial showroom development boom, with a further $57 million of new projects announced this week, almost doubling the value of showrooms under construction in the high-tech industrial precinct.
Read moreCity of Port Phillip Approves St Kilda Triangle Development Plan
A meeting of the City of Port Phillip statutory planning committee tonight approved the St Kilda Triangle development plan with a number of important
changes.
Ray White Invest & Blair Group Buy Currambine Marketplace, Perth, For More Than $50 Million
Specialist direct property funds management group Ray White Invest and private retail developer Blair Group today announced the joint acquisition of the Currambine Marketplace in Perth from Woolworths Ltd for in excess of $50m with proposed expansion plans to significantly increase the value of the property.
Read moreStockland Halladale Acquire Edinburgh Development Site For £21.25 Million
Stockland Halladale, the recently established diversified property group created through the acquisition of Halladale Group plc by Stockland, announces it has agreed to purchase 3-8 St Andrew Square, Edinburgh, for £21.25M.
Read moreASX Listed Pelorus Property Group Launches $60 Million Wholesale Fund
Pelorus Property Group (ASX code: PPI) has today launched a $60 million wholesale fund – Pelorus Opportunistic Fund.
Read moreMcConnell Dowell Leases More Office Space in Hawthorn
Engineering, construction and services group McConnell Dowell has increased the amount of space it will lease at the Vantage office building at 109 Burwood Road in Hawthorn.
Read moreTraffic Camera Operator Serco Needs More Space
Less than a week after winning a $150 million contract to operate Victoria’s controversial traffic camera system, British-based Serco is in the market for more office space, and quickly.
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End of an era as Presentation Sisters sell historic convent, school
The Presentation Sisters have sold an inner city Melbourne convent and school held more than 150 years. The 1.89 hectare
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Salvation Army HQ sold
The Salvation Army’s national headquarters, in Melbourne, has been sold by Accord Property. Perth based asset manager Ascot Capital is
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Bill McNee banks premium from Stonnington shops
Bill McNee has sold two Stonnington shops – acquired just 11 and 19 months ago – for major premiums following
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Kozminsky family divest Windsor portfolio
The family of businessman and member of multiple associations, Abraham Kozminsky, has sold three Windsor assets held for nearly 130
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Neometro buys back into Fitzroy
Neometro has snapped up a prominent Fitzroy warehouse with plans for a luxury apartment project. At 450 Gore Street, on
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Billy Hyde tunes out of Travancore
Three neighbouring Travancore showroom/warehouses which for decades accommodated the Billy Hyde Music business have been sold by the founder’s family
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Vantage buys Hawthorn East office off-the-plan
Vantage Property Investments has invested again in Melbourne’s east, picking up a 12 level office, off-the-plan (artist’s impression, right), from
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Piccolo extends Fitzroy holding
Piccolo Developments has quietly snapped up two properties abutting a Fitzroy site it acquired from Australia Post last month. The
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Australia Post sells Fitzroy Business Centre to Piccolo
Australia Post has sold its Fitzroy Business Centre to apartment developer Piccolo. The 1192 square metre site, 371-385 Gore Street,
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Russell Withers banks $3.6m from ex 7-Eleven South Yarra site
A Punt Road corner site which once accommodated a 7-Eleven has been sold by that group’s ex-chairman, Russell Withers, to
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Aesop’s outgoing Fitzroy HQ sells for c$7.9m
EXCLUSIVE The outgoing Fitzroy headquarters of luxury skincare brand Aesop has traded for a speculated $7.85 million – valuing the
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Schwartz Media proposes eight floor HQ at Collingwood’s British Crown Hotel
EXCLUSIVE Morry Schwartz has paid $5.15 million ex-GST for Collingwood’s vacant British Crown Hotel with plans for a sustainable eight
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Warner leases new Collingwood HQ
EXCLUSIVE Warner Music Group will move its Melbourne headquarters within Collingwood, leasing the third floor of a super-thin office at
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Victorian planning minister fast tracks 10 projects
Victorian planning minister Richard Wynne – with the backing of the COVID Building Recovery Taskforce – today approved 10 projects
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Chemist Warehouse executives buy Fitzroy’s Kindness House
EXCLUSIVE Chemist Warehouse executives Jack Gance, Mario Verrocchi and Mario Tascone are amongst a syndicate buying Fitzroy’s Kindness House. The
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DKO, Slab win approval for trapezoid topped Collingwood office
Architecture firms DKO and Slab have received unanimous council support for an eight storey commercial building in Melbourne’s inner north
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Martin Strode’s SMA Projects lists new Fitzroy supermarket built on the site of theatre The Star Lyric
Developer Martin Strode is selling the strata-titled supermarket on the ground floor of an apartment complex which has replaced 1910s
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Collingwood home of Club 80 sold for offices
Postscript: Details and images of the eight level proposal are in this July, 2020 story. Bar and sex-on-premises venue Club
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Bar Studio buys PBS studio for HQ
Interior designer Bar Studio has paid $6.85 million for alternative radio station PBS’ Collingwood warehouse-converted-office – with plans to occupy.
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Northcote becomes Melbourne’s second priciest inner-north suburb
Talk about gentrification and its effect on Melbourne property prices – and it won’t be long until Northcote comes up.
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Nationwide Towing & Transport founders to sell Melbourne Impound Yard, in Collingwood
An inner-Melbourne site known to a select few unlucky occupants has hit the market. The Melbourne Impound Yard at 34
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News Corp Australia sells Leader HQ in Melbourne’s Blackburn for $30.2 million
Vantage Property Investments has paid $30.2 million for the Blackburn headquarters of Melbourne’s Leader newspaper group. News Corp Australia reported
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Data centre contractor leases building for major projects arm
Data centre contractor SKS Technologies has leased an industrial property for its Victorian Major Projects arm. The address, 22-24 Thomsons
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Ericsson sells sprawling Melbourne site to TAXIBOX
Ericsson has sold a sprawling former manufacturing plant in Melbourne, held decades. TAXIBOX has bought 194-202 Bell Street, Preston, outlaying
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Melbourne agent-turned-investor sells maiden Brisbane asset
Melbourne-based Unified Property Group, led by ex-CBRE director Justin Clarkson, has sold its maiden Brisbane investment. The large format retail
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36 townhouses planned for home in new premier’s seat
A Melbourne developer has bought three distinct residential building blocks – one for a townhouse project already attracting scrutiny in
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Telstra lists spectacularly located exchange with 12 level scheme
Telstra has listed one of its best-located outgoing Melbourne exchanges – capturing bay and city views. The irregular-shaped 974 square
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Cremorne’s newest office reaches practical completion
One of the last major office developments expected in Cremorne before the end of the decade has reached practical completion.
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Sherpa secures second Brisbane site
GreenFort Capital with two offshore investment partners has sold the site it bought four years ago for its maiden build
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Apartment site finds new life in data centre boom
ASX-listed Macquarie Technology Group has agreed to pay $240 million for a Sydney data centre campus site. The deal for
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Historic college conversion sold
Precept Property Partners has acquired a landmark heritage commercial complex in the heart of Ipswich on behalf of a private
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UEM sells maiden BTR project on funds-through basis
UEM Sunrise has sold its maiden build to rent project – on busy Hoddle Street in Melbourne’s inner east –
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Government sheds North Sydney mixed-use site
IGLU – backed by Macquarie Capital and Singapore sovereign wealth fund GIC – has dug deep for a Lower North
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What the federal budget means for commercial property investors and owners: Cushman & Wakefield
Australia’s latest Federal Budget may prove to be a pivotal moment for commercial property. While much of the national conversation
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Parramatta office fetches $9m after refurb
A compact three level office in Parramatta’s Justice Precinct has sold off-market. The 672 square metre building with basement car
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Operator trumps developers for $70m Sydney pub
JDA Collective has quietly bought a Sydney pub from the Yang family which held over 40 years. The freehold going
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Albion site sold for apartments
Lantona has snapped up a site near Crosby Park at Albion with plans for two apartment towers. The 5600 square
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Coles sells another new shopping centre
Coles Group Property Developments has sold another new Gold Coast supermarket with a leaseback – this time at Varsity Lakes.
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Conquest buys waterfront Whitsundays site
Conquest Group founder Michael Akkawi, via a family office, Cedar Private, has bought his first significant Queensland site – on
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Oscars pays $54m for west Sydney hotel
Oscars Group has acquired a south west Sydney pub for $54 million. The South Terrace Hotel at 280 South Terrace,
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Spotlight buys LFR investment
Spotlight Property Group has bought a large format retail investment at Moorabbin Airport. The sale price for the Moorabbin Retail
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Gallaghers buy Neutral Bay’s Oaks Hotel
Patrick and Angela Gallagher have bought the Oaks Hotel in Neutral Bay, ending about five decades of ownership by the
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Another law firm upgrades city digs
Baker McKenzie is the second law firm to commit to a premium-grade Sydney office under construction. The group is understood
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Centennial closes fund with Sydney industrial asset
Centennial has bought the final asset for its $780 million Enhanced Value Partnership (EVP), managed for Brookfield. The 2.05 hectare Wetherill
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Chinese operator pays $31m for Melbourne hotel
A China based operator has acquired a strata hotel, part of the Trio mixed use precinct, in Melbourne’s east. The
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Poulakis family sell historic Customs House
The Poulakis family, former owner of luxury male fashion retailer Harrolds, has sold Melbourne’s historic Customs House. The six level
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Investors trade another Mercure
Sydney-based investors have traded another Mercure motel – this time in Queensland. The 74 room guesthouse on 4757 square metres
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