Singapore’s First Sponsor partners with ICD Property to redevelop Sydney’s 125-year old City Tattersalls Club

ICD Property has formed a joint venture partnership with Singapore’s listed First Sponsor to redevelop the City Tattersalls Club in the Sydney CBD. ICD was only given the green light for its $200 million proposal 10 days ago. The holding, 194-204 Pitt Street, is near the city’s Westfield Pitt Street Mall – a block from

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Mirvac completes construction of East Melbourne apartment complex, The Eastbourne, on Dallas Brooks Hall site

Mirvac today announced it completed construction of its $454 million luxury apartment complex, The Eastbourne, which replaced Dallas Brooks Hall, in East Melbourne. The 14-storey project opposite Fitzroy Gardens is a joint venture with the site owner, Freemasons Victoria. The Eastbourne made headlines when more than $300 million in off-the-plan apartment sales took place within

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Interstate investor buys Melbourne childcare centre – off-the-plan and off-market

An interstate investor has spent $6.37 million on an as-yet-unbuilt childcare investment in Melbourne’s south-east. The Dandenong South property at 11 Assembly Drive (pictured, top) was sold off-the-plan and off-market by Jones Real Estate’s Tim Spargo and Paul Jones on behalf of a private developer. Zoned Commercial 2, the 3732 square metre site is within

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Charter Hall’s 130 Lonsdale Street filled 10 months prior to completion following AustralianSuper lease

EXCLUSIVE AustralianSuper – the country’s largest industry superannuation fund – has signed a significant 16,200 square metre lease deal within a Charter Hall office under construction at 130 Lonsdale Street. With this commitment, the 35-level, 60,000 sqm premium-grade commercial building will be fully occupied when it opens in 10 months. AustralianSuper has rented skyrise floors

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Orion International Group lists Melbourne CBD office with development upside

Orion International Group is selling its Melbourne CBD headquarters. The developer acquired Swann House at 22 William Street for $21.6 million in August, 2014. Now named Orion House, the property is expected to sell for more than $45 million this time around. Colliers International’s Daniel Wolman, Oliver Hay, Matthew Stagg and David Sia, with CBRE’s

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Restaurateur Andrew McConnell leases ex-B&O store in Melbourne’s east end

Esteemed chef-restaurateur Andrew McConnell has swooped on a prime retail space in the Melbourne CBD’s east end. The ground floor of Cavendish House at 33 Russell Street was until recently occupied by prestige electrical component manufacturer and retailer Bang & Olufsen. B&O’s expensive fit-out of the store four years ago made headlines in property and

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Hines pays $28.5 million for half acre Collingwood plot

Hines – one of the world’s largest privately owned real estate investment and development firms – is paying $28.5 million for a half acre plot in Collingwood, in Melbourne’s inner north-east. The properties, covering 36-52 Wellington Street, at the south-east corner of Northumberland Street, are set to be replaced with a “highly-sustainable” commercial development. The

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New government organisation AFCA signs major office lease at Charter Hall’s Wesley Place

The Australian Financial Complaints Authority (AFCA) – which formed six weeks ago following the merge of the former Financial Ombudsman Services, Superannuation Complaints Tribunal and Credit Investments Ombudsman – has signed a major office rental agreement in the Melbourne CBD. AFCA has agreed to a 12-year lease deal for approximately 7600 square metres, being levels

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ISPT acquires three Melbourne CBD sites from Victoria University with plans for a 32-level campus

Industry Superannuation Property Trust will acquire three Melbourne CBD sites from Victoria University and build a 32-level vertical campus which will be leased by the college for 30 years. ISPT announced today that it was awarded the tender to partner with VU and the Victorian Department of Education and Training. The proposed new building, VU

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South Korea’s National Pension Service in for c$300m payday from sale of Melbourne CBD office

South Korea’s National Pension Service is offering for sale what could be only the fourth Melbourne CBD holding to sell for a nine-figure sum this year. The asset, 595 Collins Street (pictured, top), near the city’s south-west tip, would return a fully-leased annual rental return of $15 million (it is currently 96 per cent leased).

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Law Firm Ashurst Leases Sydney CBD Office Space

A MAJOR leasing deal for an historic office building known as the “money box” may result in additional levels being added at the centre of Sydney’s banking district.

International law firm Ashurst is reportedly in advanced negotiations for 16,000 square metres of space at the 5 Martin Place office building (pictured, right), once occupied by the Commonwealth Bank.

The $450 million development is co-owned by the Commonwealth Property Office Fund (CPA) and industry super fund Cbus. The addition of nine additional levels in the Sydney CBD is expected to take about 2 ½ years to complete, according to the AFR which reported the Ashurst lease.

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Despite Bleak Backdrop, Corporates Pay Top Dollar For Sydney Offices in 2011

CORPORATE heavyweights Bell Potter and Southern Cross Equities, which merged last year, have agreed to lease 3000 square metres of premium grade office space in Sydney’s landmark Aurora Place office building.

The lease, across the 37th and 38th floor, will see Bell and Southern Cross pay rent of about $1300 per square metre, per annum – amongst the highest rent paid for any CBD office in Australia.

Another tenant, Goldman Sachs, has renewed a 5000 square metre lease across three floors at the Grosvenor Phillip Tower, at the corner of Phillip Street and Farrer Place, also in Sydney.

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