Mantra Group commits to unbuilt 11-storey Richmond hotel
EXCLUSIVE Mantra Group has committed to occupy an unbuilt – and unapproved – 11 storey hotel in Melbourne’s inner-east Richmond.
Read more
Harvey Norman leases second Richmond site
Harvey Norman has leased a second commercial property in Melbourne’s inner-east Richmond. The retail giant will sub-rent 2100 square metres,
Read more
Paul Olynyk sells leasehold of Richmond hotel Royal Saxon
A South Australian hospitality group seeking to establish in Melbourne has acquired one of the inner-city’s most popular hotels from
Read more
Longevity Group Australia sells Richmond office for $5.4 million
A modern office marketed as a development site in Melbourne’s inner-east Richmond sold at auction last Friday for $5.4 million.
Read more
Richmond’s DT’s Hotel sells for $2.25 million
Melbourne pub DT’s Hotel, in Richmond, sold at auction last Friday for $2.25 million. The historic two-level building at 164
Read more
Site with development upside in Melbourne’s Richmond sells for $8.7 million
An investment with development potential in the precinct described as Melbourne’s Silicon Valley sold at auction yesterday for $8.66 million
Read more
Under-utilised Richmond showroom sells to Asian syndicate for $14.8 million
A showroom investment with long-term redevelopment potential in the inner-east Melbourne suburb of Richmond sold at auction today $14.8 million
Read more
“Globally recognised” redevelopment planned following sale of Richmond properties by Reject Shop co-founder Ron Hall
Ron Hall, the founder of retail outfits The Reject Shop and Going Going Gone, has sold two neighbouring properties in
Read moreSolomon Lew Backed Richmond Office Building For Sale
The Australian Property Growth Fund is expected to reap about $30 million, sources say, for a large Richmond office building which is occupied as offices for Solomon-Lew backed retailer Country Road.
Part of a business park at 658 Church Street, near the Yarra River and South Yarra border, the Country Road headquarters is visible to Citylink commuters around Richmond.
Colliers International director Peter Bremner is marketing the Richmond property, a former electrical substation, with Dawkins Occhiuto’s Andrew Dawkins and Walter Occhiuto.
Read more
Council Approves $400 Million Redevelopment of Former Channel Nine Headquarters, Bendigo Street, Richmond
THE Yarra City Council has approved the $400 million redevelopment of Channel Nine’s long-time Bendigo Street studios, in Melbourne’s inner east.
Salta Looks to Build on More Land Around Victoria Gardens, Richmond
LOCAL developer Salta is pushing ahead with plans to build apartments on undeveloped pieces of land immediately surrounding the Victoria Gardens shopping centre, on the Richmond riverfront.
It’s applied to the Yarra City Council to build 405 flats within new complexes between 25 – 35 River Boulevard and at 15 Christine Crescent. The proposed developments would add 480 permanent car spaces and 30 visitor spots to the area, which is not serviced by a train.
Salta acquired the former Melbourne Fire Brigade land where Victoria Gardens was built in stages. With its last major purchase in 2004, it seized control of every corner at the busy intersection of Burnley, Walmer and Victoria streets.
Read more
VCAT to Decide Fate of Dimmeys Richmond Store Soon
THE Victorian Civil and Administrative Tribunal needs more time to decide whether to allow the construction of a 10-level apartment tower atop Richmond’s iconic Dimmeys shopping centre.
After meeting this month VCAT is scheduling another date to debate the 82-unit proposal, which is slightly lower density than a Heritage Victoria endorsed 11-level proposal – rejected by the City of Yarra council in February.
Both HV and council voiced concerns about a previous proposal lodged in early-2010 which would have seen the south-west corner of the 140 – 160 Swan Street site replaced with two apartment towers, the tallest rising 11 levels.
Read more
The Block Richmond plans revealed
BEHIND the scenes, Channel Nine has been busy lodging applications to effectively rebuild the quartet of neighbouring terraces that are the subject of heavily marketed TV show The Block, which airs from June 20.
Nine agreed to buy the four rundown single-storey homes at 37-43 Cameron Street for $3.6 million soon after they hit the market last year. Settlement occurred in February, at about the same time new planning applications were lodged (and subsequently approved) by the City of Yarra council.
Eleven months ago, the terraces were offered for sale with an adjoining 446 square metre parcel of land (addressed 31 – 35 Cameron Street) which Nine is currently using to store materials and machinery.
Read more
Rove McManus sells Richmond mansion for $3.4 million
ENTERTAINER Rove McManus has sold his Richmond home for $3.4 million – returning a nifty profit on the $1.9 million he paid in 2003.
McManus, who recently moved to the US and paid $1.2 million for a house in Hollywood, listed the 144-year old Docker Street home for sale earlier this year.
It was advertised to sell for about $3.5 million, and was deemed “on the market” when bidding hit $3.31 million.
Read moreRove McManus Lists Richmond Home For Sale
Entertainer Rove McManus is taking advantage of the mismatch between Australian and United States property prices, listing his grand $3.5 million Richmond home for sale – after recently spending $1.2 million on a Los Angeles one.
Howlands, on Docker Street sits on a 383 square metre block and includes four bedrooms, a study, pool and cellar
Neighbours tell Secret Agent the home has quietly been marketed for private sale since earlier this year. However Howlands will now be auctioned via Jellis Craig Richmond.
Read moreColonial Sells Richmond Office For $18.35 Million
INTERESTS associated with Perth based Property Bank Australia and Security Capital Corporation have paid $18.35 million for a 5122 square metre office building in Richmond.
Building 8 of 658 Church Street was offloaded by Colonial First State Global Asset Management. The asset is fully leased to DDB and Optus (trading as Uecomm).
Based on the annual net rent of $1.637 million, the asset sold on a yield of 8.9 per cent.
Read more
Maple Close Business Park, Richmond, Sells For $20 Million
LOCAL developers are believed to have paid about $20 million for an inner-city business park near the riverfront suburb border of Richmond and South Yarra.
Sources say prominent Richmond investors Michael Gannon and Gus Cooper have purchased the Maple Close complex, at 650 Church Street, from another private investor.
Currently configured as six low-rise buildings with a combined net lettable area of 6600 square metres, the complex is considered under-developed by today’s standards – especially seeing it has four street frontages.
Read moreJaques Richmond Site Ready to be Developed
IT was rightly marketed as one of Richmond’s last major development sites, when it hit the market in late 1990s.
And now, the one hectare former Jaques industrial facility, occupying an “island site” bound by four streets – is ready to be redeveloped into an apartment based project.
Marketing boards have been erected around the property directing prospective purchasers to a website, where Melbourne Real Estate is accepting registrations of interest for the first dwellings in the new major complex.
Read more
Richmond’s Fields Knitting Mills Factory to be Redeveloped into $60 Million Apartment Complex
RICHMOND’s former Fields Knitting Mills factory, in Lord Street, Melbourne, is set to be redeveloped into a $60 million, six-level apartment complex.
Developer W Property Group said 85 per cent of the 88 units available in the Cirque complex have sold – enough to satisfy the bank’s tight funding requirements, and get construction started by July.
Oliver Hume Real Estate marketing agent Cameron Clarke said the oversized apartment shells were a contributing factor to Cirque’s success.
Read more
Lease at Frank Costa’s Richmond Office to An Ex AFL President
KEEPING it in the AFL family, a company chaired by former Melbourne Football Club president Paul Gardner has leased offices at a Richmond project being developed by the current president of the Geelong Football Club, Frank Costa.
Financial services group Grey Australia New Zealand, of which Mr Gardner is an executive, will lease 940 square metres, being the entire second level, at Mr Costa’s 4 – 12 Amsterdam Street development, at the Cremorne end of the trendy inner-city suburb.
Market rents at the new three-storey building are between $300 and $320 per square metre, per annum.
Read moreSalta to Start Construction at Derelict Richmond Corner at Last
CONSTRUCTION of a new apartment tower at the busy intersection of Burnley and Victoria streets, in Richmond, is set to start this year, after developer Salta achieved enough apartment pre-sales to get its $100 million aplacetolive project out of the ground.
Marketing of Sienna, the second of four apartment building within the aplacetolive project, is now underway. Almost all of the 88 units in the first building, Jade, have sold.
Read more
Eleven, eight storeys earmarked for Dimmeys Richmond
Plans to build two apartment towers, of eight and 11 storeys, at Richmond’s outgoing Dimmeys store have unveiled. The proposal
Read more
Nine to sell Richmond studio to Lend Lease
It may be the end of an era in Richmond, with Sydney developer Lend Lease believed to be in advanced
Read moreISPT Makes $16.75 Million From Sale of Richmond Office
INDUSTRY Superannuation Property Trust has made $16.75 million from the sale of a prominent office building in Melbourne’s inner eastern
Read moreProminent Site Opposite Victoria Gardens, Richmond, to be Developed at Last
SALTA Properties is looking to develop one of the several properties it owns around the busy corner of Victoria and Burnley streets, at the suburb border of Richmond and Abbotsford.
The Yarra City Council has granted Salta approval to build a $100 million apartment and townhouse project between 10 – 30 Burnley Street Richmond, and opposite the Burnley Street entrance of the Victoria Gardens Shopping Centre, which Salta owns with Centro Properties Group.
The aplacetolive.com.au development will include 355 apartments across a suite of individual buildings with distinct identities: Jade at 10 Burnley Street, Ruby at 20 Burnley Street, Ivory at 28 Burnley Street and Sienna at 30 Burnley Street.
Austfin Pays $10 Million For Office Component of Richmond Development
THE Austfin Growth Property Syndicate No 1 is reported to have paid $10 million for the small office component of a mixed use development in Melbourne’s inner-eastern suburb of Richmond.
Austin has picked up level 1 and 2 of the 159 – 161 Cremorne Street building, which also includes ground floor retail space and a high rise apartment complex, above, branded ERA.
The 2,444 square metre office component is leased to New York-headquartered John Wiley & Sons, which pay a current annual rent of $846,241 per annum. Based on the selling price, the building is reported to have sold on a yield of 8.46 per cent.
Read more
Richmond’s Tallest Office Earmarked For Viva Plastics Site on the, Monash Freeway Onramp
RICHMOND’s tallest office building will be developed on a site at the busy onramp between Punt Road and the Monash Freeway.
The Victorian Civil and Administrative Tribunal has given Melbourne-based developer Caydon the green light to build a nine-level office on the site of the former Viva Plastics warehouse, on the north-east corner of Harcourt Parade and Cremorne Street, next to the famous Nylex sign and silos.
Caydon paid $6.15 million for the prominent 3,050 square metre Richmond site last July.
Elite Sports Properties Leases High End Richmond Office
ELITE Sports Properties – sports and marketing managers for identities including Nathan Buckley, Eamon Sullivan and Mark Skaife, have relocated from offices within the Rydges Riverwalk complex on the banks of the Yarra River, to an office closer to the MCG, but also in Richmond.
The company is believed to have leased about 750 square metres of A-grade space at 543 Bridge Road, a new office co-developed by private investor and former Giorgio’s restaurant owner, George Saade.
Ron Barassi’s former Richmond pub seeks $4m
The Richmond pub still known as “Barassi’s”, despite the ex-footballer and Victorian of the Year Ron Barassi selling it in
Read moreSecond Sydney Airport Mooted For Former Richmond RAAF Site
THE Federal Government has identified a former RAAF base as a possible site for a second Sydney airport.
Transport Minister Anthony Albanese said projected growth in traffic to 427,000 annual aircraft movements by 2029, makes the case for another Sydney airport one of “national interest”.
The state government is teaming with Mr Albanese, to conduct a joint study identifying possible airport sites. It’s believed the Bankstown Airport, which recently came onto the market for sale; and a site at Badgerys Creek, have been disqualified as possibilities.
Read more