Sector embarks on major spending spree
Sector Property Group has swooped on a major industrial asset in Melbourne’s west Altona, with plans for a business park.
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Ryman snaps up three more sites
Ryman Healthcare is on track to becoming Victoria’s biggest aged care and retirement living provider after snapping up two more
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Bank Australia sells long-time Kew HQ
Bank Australia has sold its triple storey Kew headquarters, which it built in 1982, for $15.125 million. At 222 High
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O’Malley’s, The London sold
Publicans this week snapped up two inner city hotels in deals worth a total of c$19 million. In Woolloomooloo, Wayne
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Ryman acquires Essendon site for $165m village
Ryman Healthcare has picked up a small Essendon retirement village with plans for a full-service one. The sizeable 1.8 hectare
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Eastern suburb car dealerships collect $20m
Three east Melbourne car dealerships have sold. In the biggest and most recent deal, a local investor is paying $10.9
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Sector buys Preston land for storage, warehouses
Sector Property Group has snapped up a $7 million Preston site for a The Base storage and micro warehouse complex.
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Bridport banks $8.2m from childcare centre
Bridport Property Group has sold another new childcare centre – this time in Ringwood East. The 117-place complex at 30-32
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McDonald’s chooses Melton South for Australia’s thousandth store
McDonald’s has chosen Weir Views – one of 11 suburbs recently gazetted around Melbourne’s Melton South – for its thousandth
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IHG chooses South Melbourne for seventh Australasian voco hotel
InterContinental Hotels Group has committed to its seventh Australasian site for its near-new hotel brand, voco. The 171-room complex at
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Balaclava home of Red Scooter for sale
Postscript: the property sold on May 28, 2020 – two days after this story ran. Balaclava warehouse-turned-reception centre Red Scooter
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Former Jooce nightclub for sale
Ringwood’s former Jooce nightclub is for sale. Now a prime development site in an activity centre – the local council
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The Stalactites Group buys two George Calombaris restaurants
The owner of popular Greek restaurant Stalactites has snapped up two venues affected by last month’s collapse of celebrity chef
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Yarralinda Primary School sells outgoing Mooroolbark campus for $4.1 million
Yarralinda Primary School and Early Learning Centre has sold its outgoing Mooroolbark campus for $4.07 million With sale proceeds the
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Pellicano sells Ravenhall industrial investment for $17 million
EXCLUSIVE The Pellicano family has sold a large, modern and fully leased Ravenhall factory, off-market, for $17 million. The deal
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Heidelberg block permit ready for eight storeys trades for $11.4 million
A permit-ready development site in Melbourne’s north east Heidelberg sold for $11.4 million this week. The incoming owner, a local
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Accor leases two new Melbourne hotels from the Brady family’s Amber Property Group
Accor has teamed with car dealer turned developer, the Brady family, to establish two hotels in Melbourne’s inner east. In
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Ryman Healthcare pays Steller $28.5 million for Highett site
Aged care accommodation provider Ryman Healthcare has acquired its 11th Melbourne site in five years. The listed New Zealand based
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Sector Property Group sells $7.1 million Mitcham childcare centre off-the-plan
EXCLUSIVE Sector Property Group has sold a purpose-built childcare investment in Melbourne’s east off the plan. The 138-place complex under
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Kilsyth industrial investment sells for $7.025 million
A Kilsyth industrial asset occupying a two hectare site with development upside has sold for $7.025 million. A high net
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Little Projects awards Hickory Group $105 million contract to build Melbourne’s first Hyatt Centric hotel
Melbourne’s first Hyatt Centric is a step closer with Little Projects today announcing it awarded Hickory Group the $105 million
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Sector Property Group acquires another eastern Melbourne site for self-storage and office-warehouse project
One of the country’s biggest self-storage and small warehouse providers has acquired a development site in Ringwood. Sector Property Group
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Coburg North Village sells for second time in three years
A near-new Coles-anchored retail complex in Melbourne’s north is selling for the second time in less than three years. Coburg
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Australia’s first 1 Hotel to open at Melbourne’s Northbank
Australia’s first 1 Hotel will open on the banks of Melbourne’s Yarra River in 2022. 1 Hotel, a subsidiary of
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Melbourne school with Scientology links selling part of campus
The Yarralinda Primary School and Early Learning Centre in Mooroolbark can expect to bank more than $1.05 million from the
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InterContinental Hotel Group’s new and high-end voco brand leases Melbourne CBD building
InterContinental Hotel Group has made another property play in Melbourne, committing to a 252-room hotel in the city, set to
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Intercontinental Hotel Group commits to Maroondah’s tallest building
InterContinental Hotel Group – the British-based parent of Holiday Inn & Suites – has signed a management agreement for a
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Are Melbourne Apartments Still a Safe Investment?
So now what?
After nine years adopting the previous state government’s hugely contentious Melbourne 2030 planning policy – the city’s development landscape is set to change, and apartments may be on the nose.
In one of its first official acts – and as it promised to do before the November 21 election – the Baillieu government has destroyed Labor government planning laws facilitating higher density redevelopment (ie, over three storeys) along all public transport nodes.
In Opposition, Planning Minister Matthew Guy said Melbourne risked becoming dysfunctional, and losing its character permanently, unless suburban apartment construction was curbed.
In power, Mr Guy has committed to a two year audit and consultation program to determine a new model of metropolitan planning.
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Office of Housing Buys Former Box Hill Aged Care Facility
THE Office of Housing has paid close to $4 million for a disused aged care facility in Box Hill.
Dwellings on the 2480 square metre site, opposite the Box Hill Tennis Club and near the Surrey Hills and Burwood suburb borders, are expected to be refurbished before being made available to public housing tenants.
The purchase continues a trend of the Federal Government, and associated public housing service providers snapping up prevalent development sites all around Melbourne and Victoria.
Some of the biggest public housing projects are currently under construction in Abbotsford, Ashwood, Carlton, Ringwood and Wonthaggi.
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Asia Based Investor Buys Second Victorian Golf Course in a Month, Major Redevelopments Planned
FOR the second time this month, an Asia-based developer has purchased a prominent Victorian golf course, and is proposing to build a $55 million hotel, apartment-based complex and new 18-hole golf course, next door.
An as-yet-undisclosed syndicate, which will be part controlled locally, is understood to have paid more than $7 million for the massive St Andrews Beach Golf Course and Resort, on the Mornington Peninsula.
As well as the Gunnamatta course, a temporary club room and 20 apartments, the purchase includes an adjoining development site, which will yield another 18-hole course, club room, 40-room hotel, licensed commercial premises, and about 120 apartments.
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