MFB Buys Outmuscles Developers For Huge West Melbourne Development Site
The Metropolitan Fire and Emergency Services Board is believed to have paid more than $12 million for a huge 4,542 square metre inner city development site.
Read moreThe Metropolitan Fire and Emergency Services Board is believed to have paid more than $12 million for a huge 4,542 square metre inner city development site.
Read moreA small development site in the burgeoning inner-city suburb of West Melbourne has sold to a local private developer for $3.5 million.
Read moreThe Zagame Automotive Group has outbid developers for a prominent city-fringe development site, paying $14 million for a West Melbourne property it plans to use as a large luxury car showroom.
Read moreGIC and NorthWest Healthcare Properties have purchased Kippa-Ring’s Peninsula Hospital from Healthscope. As part of the leaseback deal, the landlords
Read moreSilk Contracts Logistics has rented a second west Melbourne warehouse from Frasers Property Industrial. The 12,726 square metre facility, under
Read moreLaSalle Investment Management has secured the state government to a Docklands office. The West Gate Tunnel Authority has leased a
Read moreStockland is paying $82 million for a low density housing site in Melbourne’s west Tarneit. The c85 hectare block at
Read moreA local developer is paying $7.5 million for a Melton West farm abutting Melbourne’s Urban Growth Boundary. The 13 hectare
Read moreStockland has teamed with Mt Atkinson Holdings – led by a consortium of Melbourne businessmen – to create a $2
Read moreA high profile Port Melbourne showroom/office, abutting the West Gate Freeway, has sold to an investor for $7.285 million. The
Read moreMore than 560,000 square metres of speculatively built industrial property is set to be completed on Australia’s east coast this
Read moreHB Commerce, a subsidiary of Netherlands-based online retailer, Vida XL, has committed to two warehouses at Maker Place – an
Read moreSt John’s Ambulance Australia has leased two office/warehouses in Melbourne’s north-west. Last week, the group committed to 904 square metres
Read moreAn offshore investor seeking to establish an Australian property portfolio took just four days to settle on the purchase of
Read moreTwo major retail investments east and west of the Melbourne CBD have hit the market. In Narre Warren, an heir
Read moreTHE SHOPPING Centre, at 136 The Avenue, in Sunshine West, Melbourne, sold to a high net worth private investor for
Read moreA NEW Melbourne suburb, 19 kilometres south-west of town, has been unveiled.
Truganina South will be developed on a 250 hectare block of land near Hoppers Crossing and in the council area of Wyndham which was recently identified as the country’s fastest growing.
Planning minister Matthew Guy (pictured, right) launched the suburb bound by Leakes, Palmers and Sayers roads, and, traveling west, farmland on the way to Derrimut Road.
Read moreGOVERNMENT human resource officers take note – another private development company is about to prove Treasury missed a chance to substantially boost its coffers.
MAB Corporation is slicing, dicing and readying to profit from a 3.1 hectare Port Melbourne facility it bought from the state government for a low $12.65 million six months ago (in a deal it didn’t have to pay stamp duty for).
The 12-62 Cook Street site was for years the toll collection facility for the West Gate Bridge. The easternmost boundary of the site offers 500 metres of exposure to an offramp of the West Gate Freeway, where 160,000 vehicles pass per day.
Read moreAS PLANNERS continue to approve major new housing estates in Melbourne’s (until-recently-forgotten) western suburbs, a powerful state motoring body has called on the new state government to build a new major road thoroughfare, for what will be an imminent surge in car traffic.
The RACV forecasts 20,000 extra car trips will be travelled based on residential development at one new western suburb proposal alone, recently announced by Lend Lease (refer link below).
Read moreLEND Lease has launched a new $1 billion mixed use village at Werribee, in Melbourne’s middle-western suburbs.
The 438 hectare site will make way for 4000 homes, four schools and a new neighbourhood shopping centre. The first blocks will hit the market in mid 2012, and the project is expected to take ten years to complete.
The price Lend Lease paid for the land has not yet been reported. Below is an announcement by the Sydney-based developer and fund manager.
Read moreFABRIC store retailer Lincraft has paid $6.5 million for an office warehouse building at Derrimut’s Gilbertson Industrial Estate.
The 2.53 hectare site at 60 Fulton Drive includes a 9114 square metre office warehouse, and was sold with a short term lease to distribution company Axima.
Lincraft, which was in receivership just six years ago, before being bought out, will owner occupy the western suburb site, ending a search that saw it hem office warehouse all around metropolitan Melbourne.
“It’s been many years since a property of this quality was offered for sale to an owner occupier within the Gilbertson Estate,” said Colliers International agent Nathan Bingham, who sold the site with Tony Iuliano.
Read moreMAB Corporation plans to build a $60 million business park at a prominent Port Melbourne site it bought last month from the redundant Brumby government (highlighted, red, right).
The St Kilda Road based private developer, which at one stage was linked to buying Doncaster’s massive Eastern Golf Course, says it expects to lodge redevelopment plans for its new Cook Street site by the middle of this month. The Port Melbourne property is due to settle on January 7, 2011.
MAB commercial and industrial general manager Richard Johnston said the former Vicroads toll collection facility for the West Gate Bridge has a 500 metre frontage to the West Gate Freeway, and passing traffic of some 160,000 vehicles a day.
Read moreHAVING built a freeway to Caroline Springs to help ease newfound traffic congestion, the government has now rezoned a major tract of western suburb land to make more efficient use of the existing infrastructure.
Planning Minister Justin Madden this week approved for the residential redevelopment of 220 hectares abutting the north-western edge of the fully developed Caroline Springs housing estate, about 23 kilometres from town.
The affected land is bordered by Beattys Road to the north, Taylors Road to the south and high voltage transmission lines to the west.
Read moreHAVING built a freeway to Caroline Springs to help ease newfound traffic congestion, the government has now rezoned a major tract of western suburb land to make more efficient use of the existing infrastructure.
Planning Minister Justin Madden this week approved for the residential redevelopment of 220 hectares abutting the north-western edge of the fully developed Caroline Springs housing estate, about 23 kilometres from town.
The affected land is bordered by Beattys Road to the north, Taylors Road to the south and high voltage transmission lines to the west.
Read moreCORPORATE tenants Westpac and KPMG are expected to announce major Melbourne CBD office leasing requirements.
Bank Westpac is understood to be in the market for between 16,000 and 18,000 square metres of space. It’s currently based at the Dexus owned 360 Collins Street.
Consultancy KPMG is currently at 161 Collins Street, distinguished in the Melbourne CBD as having one of the largest single-level floorplates available.
Read moreUpmarket furniture and homeware retailer Radstock + Kendall will vacate its prominent retail space at the Georges building at 162 Collins Street, and lease about 250 square metres at the ground floor of Valad’s 575 Bourke Street office tower.
Knight Frank retail leasing director Gary Loo said the retailer is following office workers and city shoppers which are increasingly commuting around the western edge of the CBD.
He said interstate travelers accessing the CBD from Southern Cross station was another factor driving tenant interest in the area.
Read moreHIGH density development is making its way to Melbourne’s outer western suburbs.
The developer of the $440 million Wyndham Harbour project in Werribee South has released the project’s first apartments to the market, two months after releasing its first staged land subdivision, which has sold out.
Long term wet berths of between 10 and 30 metres have also been released for sale at the development, about 30 kilometres west of town.
Read moreINTEREST in the streets regarded as “the best in the west” appears to be rampant, with the record price of a Moonee Ponds home speculated to have been smashed twice in the last two weeks.
No sooner had builder Raffaele Aiello set a record, paying about $4.65 million for a home on ritzy Ardmillan Road, did Secret Agent get tipped off about an off-market $5.2 million deal, on Park Street and near the sprawling family home of ex North Melbourne VFL footballer Kerry Good.
Nelson Alexander’s Matthew Febey, who marketed Ardmillan Road, declined to comment on any deals when contacted by Secret Agent.
Read moreA LANDMARK property on the suburb border of Newport and Williamstown is expected to smash the record price paid for a home in Melbourne’s western suburbs.
Hocking Stuart Williamstown’s Wayne Elly is expecting up to $8 million for the Sea Gates estate at 62 The Strand, which has rear access to Yarra Street.
The massive 3,500 square metre property includes two historic homes – Sea Gates and the smaller Dachet – and enjoys postcard views over Hobsons Bay to the Melbourne CBD.
THE NORTH-western suburbs of Maribyrnong and East Keilor may be serviced by a train line, if a suggestion by former Melbourne Lord Mayor Kevin Chamberlain is accepted by the State Government.
The plan would involve extending the existing, but largely disused Flemington Racecourse about three kilometres north-west, through Maribyrnong to East Keilor.
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