Lutherans sell Moreton Bay site to developer
The Lutheran Church of Australia Queensland District has sold a cleared, flat Rothwell site near Grace Lutheran College. The 4.5
Read moreThe Lutheran Church of Australia Queensland District has sold a cleared, flat Rothwell site near Grace Lutheran College. The 4.5
Read moreASX-listed Garda Property Group has sold two Burnley offices for a major loss on their June 30 valuation and an
Read moreThe Department of Treasury and Finance, on behalf of the Department of Education, has leased the balance of an East
Read moreEXCLUSIVE The Suburban Rail Loop Authority has snapped up a prominent eastern suburb medical centre offered for the first time
Read moreEastern Health has committed to a landmark all-electric office under construction next to Eastland shopping centre. The healthcare giant, which
Read moreSushi Sushi founder Anna Kasman has listed her circa-800 square metre – or 85 square – Toorak family home. The
Read moreChris Lucas has acquired two levels of an office tower under construction in Melbourne’s eastern end – between many of
Read moreTelstra has listed another site with a leaseback, at Melbourne’s south east Rowville. The brick exchange, on an 865 square
Read moreGolden Age Group has launched the marketing campaign for a major Glen Waverley townhouse project after winning a planning battle
Read moreAn urban to suburban office trend is happening. For a number of reasons, including the need to entice staff back
Read moreJeff Xu has snapped up another redundant school for a medium density project – this time in Brighton. The executive’s
Read moreSydney fund manager VIMG has snapped up a vacant, land rich industrial asset, 60 kilometres south east of Adelaide. The
Read moreNestle has sold its redundant Shepparton food processing plant to Sydney fund manager VIMG. The 78.2 hectare property covering 1-85
Read moreElanor Investors Group (ENN) is in advanced negotiations for north east Perth’s Midland Gate. The speculated $530 million deal with
Read moreThe Victorian Civil and Administrative Tribunal has given Time & Place the green light to replace part of the Northcote
Read moreBaiFuXin Family Office (BFX) has picked up another east Melbourne development site. At 812-816 Glenferrie Road, Hawthorn, with a 14
Read moreSix villa unit owners across two complexes in Brighton have united to sell their amalgamated holdings to a developer, which
Read moreAPH Holdings has snapped up three adjoining sites near the city’s top tip – including the former Royal Saxon Hotel.
Read moreVMCH – also known as Villa Maria Catholic Homes – has won approval to replace a prominent Kew site held
Read moreWesfarmers owned Officeworks will relocate its headquarters from a collection of Bentleigh East offices – to Chadstone shopping centre. The
Read moreEx-VFL player turned café owner and coffee roaster, Julien Moussi, is selling a recently refurbished Vermont retail investment with a
Read moreBrady Group has swooped on a recently completed apartment complex with plans to convert it to a hotel. The deal
Read moreEpworth Healthcare has sold a Richmond rehabilitation clinic and a half stake in its Waurn Ponds hospital to NorthWest Healthcare
Read moreVantage Property Investments has sold a Collins Street office for more than twice what it paid in 2015. HThree City
Read moreSt Kilda Road is set for its first major office building this century – with Alfred Health paying $31m for
Read moreLongriver is selling the ground floor retail component of its new Box Hill skyscraper, East Central. The three suites –
Read moreCharter Hall is paying $780 million for four offices – three leased to the government. In the biggest deal, the
Read moreOreana Property Group is paying c$35 million for a South Yarra retail and office complex with plans for a luxury
Read moreHome Co Daily Needs REIT (HDN) is acquiring eight retail investments for $322 million. Seven of them are coming from
Read moreThe last asset in the Vicinity Enhanced Retail Fund – Mildura Central – has sold. The deal with Chris Lock’s
Read moreAssembly Funds Management and Harrington Property Funds Management are paying $42.95 million for six north west Sydney childcare centres. The
Read moreStockland has picked up a low-density housing site in Melbourne’s west Tarneit. The 38 hectare Sayers Road parcel, the balance
Read moreEG has purchased a west Sydney industrial investment for a trust it launched last week and closed oversubscribed in 72
Read moreFuji Xerox Australia has rented a third of an office just completed by Garda Property Group at Burnley’s Botanicca Corporate
Read moreStockland has offloaded four retirement villages to Melbourne’s Prime Value Asset Management which has appointed Centennial Living to operate them.
Read moreStockland is selling a dairy distribution centre investment north of Perth to a Charter Hall unlisted direct property fund for
Read moreTelstra has sold a multi-building data centre in Clayton with a leaseback to Centuria Industrial REIT (CIP). The $416.7 million
Read moreSerco Australia has rented the Essendon Fields office vacated last year by The Good Guys, which is now based at
Read moreDiversified Melbourne developer Time & Place and Woolworths have partnered to buy a modern Glen Iris office to replace with
Read moreTelstra is targeting townhouse builders with its latest listing, in Melbourne’s south east Hampton Park. The land behind Lyndhurst Exchange
Read morePace Development Group intends to build a high-end office on part of an east Melbourne site once controlled by Lexus
Read moreThe Port Melbourne pub for years until recently known as Albion Hotel – now North Port – has sold for
Read moreEXCLUSIVE Fred IT Group – which designs and develops technologies for professionals and businesses in the healthcare sector – is
Read moreVantage Property Investments has acquired a largely vacant office at 574 St Kilda Road as a strategic play. The off-market
Read moreCaltex – whose management last week rejected a takeover bid from Quebec’s Alimentation Couche-Tard believing the $34.50 per share offer
Read moreA developer is paying $12.82 million for an Eaglemont block at the busy south west corner of Banksia Street and
Read moreEXCLUSIVE Eight Melbourne investment properties offered by a consortium of three families, including the mother and uncle of prominent criminal
Read morePostscript: the entire portfolio has now sold. Read our story about the results, here. Members of the Richter family today
Read moreLittle Lane Learning – a childcare centre operator owned by Sydney-based husband and wife, Mike Wu and Shan Kuo –
Read moreThe mother of prominent criminal lawyer Robert Richter QC is part of a syndicate which this week listed for sale
Read moreA Chinese developer has acquired the Box Hill Motel – which is actually in Burwood – for $5.95 million. The
Read moreA Brisbane childcare centre investment listed this month could be the most expensive sold in Australia – smashing the record
Read moreEXCLUSIVE A block of flats in Camberwell, on land owned by one family for 67 years, has sold to a
Read morePetroleum giant Caltex is selling a portfolio of 25 metropolitan service stations, speculated to be worth a total of about
Read moreThe Chinese developer which paid Allison Monkhouse $10.15 million for a prominent Wantirna South funeral home two years ago is
Read moreDeveloper Longriver is selling a major infill site in Wantirna, about 24 kilometres east of the Melbourne CBD. The 8.3
Read moreTwo neighbouring Richmond properties creating a 5433 square metre C-shaped super-site, have hit the market giving prospective joint venture partners
Read moreWith a population of nearly five million, growing at more than 125,000 annually; changing demographics and new living habits –
Read moreEXCLUSIVE The Saristavros family – founder of the Black Swan dip brand – has banked $7.38 million from a strata-titled
Read moreGlobal discount sporting retailer Decathlon has opened its first Melbourne store at the Home Consortium complex at 1464 Ferntree Gully Road,
Read moreBusinessman and philanthropist Paul Little will sell the remaining portion he controls of his property development business, Little Projects, to existing
Read moreVantage Property Investments has paid $30.2 million for the Blackburn headquarters of Melbourne’s Leader newspaper group. News Corp Australia reported
Read moreDevelopers splurged more than $16 million on three small residential development sites in Melbourne last week. In the leafy south-east
Read moreThe Victorian division of the Liberal Party is readying to sell its Melbourne CBD headquarters. According to well-placed sources, the
Read moreVision Australia has sold an inner-Melbourne office for a speculated price of about $30 million to $35 million – a
Read moreWhat do you do when you’re a new and thriving property developer unimpressed with the selection of Melbourne building blocks
Read moreTwo months after snapping up a Sydney hotel site, it has been revealed Golden Age Group, led by Jeff Xu,
Read moreA SUPERSIZED block in bohemian Fitzroy is expected to make way for an $80 million-plus mixed use development after selling off-market to a developer.
On the north-east corner of Johnston and Gore streets, the 2122 square metre site sold for more than $8 million reflecting a land rate per square of some $4000.
Close to the corner of the Smith Street retail strip the former warehouse at 239-247 Johnston Street have been occupied in recent years by retail users including homewares and replica furniture store, The Dogs Breakfast Trading Company.
Read moreVicRoads has listed a 31.3 hectare mixed-use development site at what is presently Melbourne’s northern outskirts, but will soon be
Read moreIN the 1990s, it was considered one of the outer eastern suburb’s ritziest hotels.
But the former Sundowner Ringwood complex, since rebranded the Ringwood Motor Inn, has now sold to a residential developer with vacant possession.
The 31-year old, 39-room brick hotel is expected to be replaced with a higher density apartment based project which sources estimate will have an end value of more than $40 million and may include high rise buildings.
Read moreMELBOURNE’s next hospital and major medical clinic will be developed by the private sector in Hawthorn.
The City of Boroondara council has issued a permit allowing for the former VECCHI building at 50 Burwood Road to be converted from offices into a 40-bed hospital, and associated medical centre allowing up to 15 practitioners.
Sydney-based Healthbridge, a health based fund of manager Ironbridge, outmuscled several residential property developers to buy the prominent Hawthorn site for $17.1 million in April. It struck a deal to relocate the office tenants that were still based at the office, while pushing its conversion plans with council.
Read moreTHE Victorian State Labor government is continuing to offload its most spectacularly located real estate assets, with a major site in ritzy Kew expected to wind up in the hands of residential developers – possibly as early as next year.
The Department of Treasury and Finance is understood to have employed a private consultant to conduct a feasibility study into the future use of the 60 Denmak Street office site, currently occupied by government agency VicRoads.
A confidential Request for Quotation seen by The Age suggests moving VicRoads staff within three to four years.
Read moreTHE 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.
Read more
SEVERAL major office lease deals have been signed in St Kilda Road, in what is hoped will bring down vacancy from dangerous new highs recorded earlier this year.
The biggest deal is to Fujitsu Australia Limited, which will lease 25 car spaces and 3131 square metres over three levels at 570 St Kilda Road.
Fujitsu staff will relocate from offices in the CBD and at its prominent 1230 Nepean Highway office in Cheltenham.
Read moreRESIDENTS in Melbourne’s ritzy east are increasingly voting to remove the “dry zone” restrictions around their streets, in what could result in the government and council putting forward a ballot, to remove these zones altogether.
The Director of Liquor Licensing, via the Victorian Electoral Commission, this week distributed ballot papers asking residents to vote for, or against, a liquor licence application at 732 Burke Road – or on the “dry side” of the popular retail strip.
Any venue in a dry zone that wishes to obtain a liquor licence needs to win approval of local residents on a case-by-case basis.
Read moreNEWS LIMITED can expect to make about $12 million from the sale of an outgoing eastern suburbs office site, used for years by its Leader Newspaper staff.
The prominent 8,767 square metre site, on the corner of Whitehorse Road and the busy Railway Parade, in Blackburn, has a total road frontage of 162 metres.
One sixty Whitehorse Road could make way for several types of projects including medium and high density apartments, or offices, with ground floor retail.
Read moreHOME renovation is one of the soundest investments an owner-builder can make. But with about a quarter of makeovers estimated to be done by owner-builders, you have to do it right.
Renovation-related television shows, magazines and seminars are inspiring would-be renovators and making people realise that investing in real estate does not necessarily mean buying an investment property. Many are unlocking potential in the family home and benefiting from the tax-free windfall.
“Property renovation is one of the soundest investments you can make,” says Robert Caulfield, managing director of Archicentre, which provides pre-purchase and renovating advice to home buyers, builders and renovators. “When done properly, it can make you money – and have you living in style.”
Read moreONE has to wonder what “great Australian dream” some Melburnians were being sold last century.
Until recently – the 1980s and 1990s for most inner-city areas – owning an inner-city terrace was not necessarily a big deal. More often than not, according to veteran agents, they were used as “stepping stone” investments that could be paid off in a few years and sold on the basis of being “more attractive than renting”.
Buyers – particularly immigrants from Italy and Greece – bought in Richmond, North Fitzroy or Northcote, in order to save a deposit to build new, larger homes in Avondale Heights, Glenroy or – if they invested well – Doncaster.
Read moreMELBOURNE’s once booming real-estate market has finally decelerated – and for the first time in a long time, buyers are calling the shots.
If you have a secure job, low debt and a will to own real estate – banks, developers and the Government want to talk.
But a word of advice: if you do take the plunge, spend what you can afford, rather than the maximum amount you can borrow.
Saturday Domain talks to some experts on which suburbs you should look at, no matter what your budget:
Read moreLEND Lease will team with the founder and former CEO of Skilled Engineering, Frank Hargrave AO, to develop a major residential village abutting Toorak Park, in Melbourne’s ritzy south-eastern suburb of Armadale.
Lend Lease confirmed it entered a joint venture to redevelop the 2.5 hectare office site at 590 Orrong Road with Mr Hargrave’s Larkfield Holdings Pty Ltd, the owner of the land.
The site is bordered by Orrong Road, Osment Street and the northern boundaries of Victory Square Reserve and Toorak Park. It abuts the Toorak train station to the east, and a pedestrian bridge to the small Beatty Avenue retail strip.