Commercial and residential property news
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.
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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 moreUNINVITING 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 moreA 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 moreMelbourne-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 moreAhead 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 moreThe 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 moreAbbotsford 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 moreA Melbourne-based private investor has outmuscled syndicates and institutions for a large office building on the banks of the Yarra River in Abbotsford.
Read moreA 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 moreFoster’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 moreHot 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 moreA 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 moreDEVELOPER 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 moreINVESTA 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.
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A Smorgon family arm will bank just over $21 million from a Woolworths-backed mall held for over 50 years in
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Kennards Self Storage has quietly bought three small warehouses – all up covering 712 square metres – abutting one of
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EXCLUSIVE Forza Capital has turned a profit selling an ex-Carlton & United Breweries car park on the banks of the
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EXCLUSIVE The Gange family, which via its Gange Corporation is the state’s largest taxi operator with various brands including Silver Top,
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The Real Estate Institute of Victoria – which represents real estate agents – has snapped up a modern strata office
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James Richardson Group – which this month listed for sale its unique Abbotsford headquarters, an ex-cordial factory, after five decades
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Brother Kon and Stan DeMangos, who established building company Stankon Group in 1974, have sold a sprawling double storey office
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EXCLUSIVE Fresh from buying a riverside Abbotsford office to move his Harry the Hirer business to – after deciding to
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Forza Capital is buying an almost fully-let A-grade Sydney office from Investa Property Group. The $138.14 million deal for 117
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United Petroleum founders Eddie Hirsch and Avi Silver have secured a high profile, two level office abutting the Monash Freeway/Toorak
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EXCLUSIVE Five years after selling his Qanstruct company’s unique Hawthorn headquarters with a leaseback, Mark Ruff has bought a replacement
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Henera, a boutique residential development arm established by high density builder Hengyi, has chosen Melbourne’s inner north Fitzroy for its
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Two institutional grade Melbourne Bunnings investments hit the market this week. In inner north east Collingwood, the philanthropic Holckner family
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