YET to be replaced Federal Minister for Finance and Deregulation Lindsay Tanner may be moving out the marginal Melbourne electorate he quit last month, but a plunder of new residents are waiting to call the area home. A construction crew is currently demolishing the historic Harold Boot Company factory at the south-west corner of NicholsonRead more
ANOTHER former commercial building in Abbotsford is being converted into a major residential project.
The former Harold Boot Company factory, at the corner of Gipps and Nicholson streets, is being redeveloped by Common Equity Housing Limited, and the Office of Housing, into a $25 million, five-storey, 59-unit complex.
Twenty five apartments – representing just over 40 per cent of the overall project – will be set aside as public housing, part of the Federal Government’s plan to build 80,000 social and affordable dwellings nationally by 2012.Read more
ABBOTSFORD’s prominent green Terminus Hotel has sold to an owner occupier for a price speculated to be about $5.5 million.
The pub, often touted as being in Richmond because it sits at the suburb border (Victoria Street) was sold by Jones Lang LaSalle’s Mathew George in an off-market campaign.
The Terminus is the latest in a string of pubs to be put up for sale recently.Read more
THE development consortium which bought three low-rise offices on the banks of the Yarra River, is forging ahead with plans to demolish two of the buildings, and replace the space with a $200 million residential village.
Developers Hamton and Industry Superannuation Property Trust have started marketing apartments at 677 – 679 Victoria Street, opposite the Victoria Gardens shopping centre in Abbotsford, at the suburb border of Kew and Hawthorn.
The developers are reported to have paid Becton about $30 million for the office complex late last year, outmuscling traditional property investors sniffing the market out at the time for good bargains.Read more
UNINVITING inner-city retail strip Victoria Street, at the suburb border of Abbotsford and the precinct known as North Richmond has attracted a second major retail tenant.
Woolworths this week confirmed a 20-year, 4,000 square metre retail lease at Hive, a $50 million shopping centre and residential project, being developed on a 5,000 square metre site on the north-west corner of Nicholson Street.
Woolworths will join rival Aldi, a large pharmacy, and 22 specialty retailers at Hive, which is due to open in February.
CHARTER HALL has sold its half share interest in a portfolio of ten inner-city investment properties, with redevelopment potential.
Charter Hall will sell its share in the “Fosters Abbotsford” portfolio to its consortium partner for the investment, the Wyllie Group. The $18.3 million sale price reflects a yield of about 8.15 per cent for Wyllie, and a 9 per cent discount to the Charter Hall December 2008 independent book value.
A MASSIVE Abbotsford property, once occupied by Kevin Dennis Motors as a service and sales delivery centre, is being redeveloped into Hive, a $50 million shopping centre, and residential village.Read more
A prominent inner-city office business park, put to the market by beleaguered fund manager Becton late last year, has been snapped up by Melbourne-based developers and will make way for apartments.Read more
Melbourne-based fund manager and developer Becton is believed to be formalising the sale of a prime riverfront office park and development site, opposite the Victoria Gardens Shopping Centre, in Abbotsford.Read more
Ahead of a move to St Kilda Road’s luxurious Lucient building, development giant Lustig-Moar director Iris Lustig-Moar, is selling her penthouse apartment in the iconic Skipping Girl Vinegar Factory in Abbotsford, on the Richmond border.Read more
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 more
Abbotsford is a riverside suburb, about 3 kilometres north east of the Melbourne CBD.
It is bound by Hoddle Street, the Eastern Freeway, Victoria Street and the Yarra River, and bordered by the suburbs of Collingwood, Richmond, Clifton Hill and Kew.Read more
A Melbourne-based private investor has outmuscled syndicates and institutions for a large office building on the banks of the Yarra River in Abbotsford.Read more
Anybody inspecting the large 2-bedroom plus study, double storey terrace home at 138 Park Street Abbotsford, and is overcome by a feeling of confinement, need not be confused.Read more
A supersized development site in Abbotsford is believed to have changed hands for around $22 million, but insiders are yet to ascertain who the purchaser is.Read more
Foster’s move raises speculation it will eventually offload its iconic CUB Brewery site, which sits on 9 hectares of riverfront land overlooking Kew’s Studley Park. Industry insiders are divided about whether this will happen.Read more
Hot on the heels of its $208 million sale of Sydney’s Carlton & United Beverages brewery site to Singapore-based Fraser Properties in June, the Foster’s Group is about to put a portfolio of Melbourne inner city buildings on the market.Read more
A property syndicate managed by German-based institution DBRREEF will wind up after ten years, and sell its only asset – a riverside office building in Abbotsford.Read more
DEVELOPER Burbank Homes has lodged an application to redevelop the Denton Hat Mill factory, in Abbotsford. Sources say the 113-year-old heritage-protected factory will be converted into 20 townhouses, 38 apartments and nine retail shops.Read more
INVESTA Property Group is continuing its push into Melbourne’s inner-eastern suburban office market, with plans for a 10,000 sq m commercial building on an Abbotsford site it owns on the banks of the Yarra River.Read more