Commercial and residential property news
ICD Property has formed a joint venture partnership with Singapore’s listed First Sponsor to redevelop the City Tattersalls Club in
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Charter Hall Group has scored another coup at its $1.3 billion Wesley Place office development in the Melbourne CBD –
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Prominent Malaysian apartment builder Aikbee Group is paying $13.75 million for a corner pub with development potential in the Melbourne
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Orion International Group has sold the historic Swann House office in the Melbourne CBD for $52 million. The sale price
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A historic Art Deco building owned for 63 years until 2011 by members of the wealthy Lechte family is for
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Mirvac has completed construction its $454 million luxury apartment complex, The Eastbourne, which replaced Dallas Brooks Hall. The 14-storey East
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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
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EXCLUSIVE AustralianSuper – the country’s largest industry superannuation fund – has signed a significant 16,200 square metre lease deal within
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Orion International Group is selling its Melbourne CBD headquarters. The developer acquired Swann House at 22 William Street for $21.6
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EXCLUSIVE The Uniting Church Synod of Victoria and Tasmania has sold a Melbourne CBD commercial building it has occupied since
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The Collingwood home of alternative radio station Progressive Broadcasting Service – or PBS – will be auctioned next month. The
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Esteemed chef-restaurateur Andrew McConnell has swooped on a prime retail space in the Melbourne CBD’s east end. The ground floor
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Hines – one of the world’s largest privately owned real estate investment and development firms – is paying $28.5 million
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The Australian Financial Complaints Authority (AFCA) – which formed six weeks ago following the merge of the former Financial Ombudsman
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Industry Superannuation Property Trust will acquire three Melbourne CBD sites from Victoria University and build a 32-level vertical campus which
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South Korea’s National Pension Service is offering for sale what could be only the fourth Melbourne CBD holding to sell
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A major leasing deal at the historic office known as the money box will result in additional levels being added
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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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IT IS out with the old and in with the new at an increasing number of council planning meetings – with another site once earmarked to become a retirement village winding up in the hands of residential developers, which have had reconfigured projects approved.
This time, near the Phillip Island retail township of Cowes, AMP Capital Investors has sold out of a $40 million aged-care based village it earmarked for 26 hectares of former farmland on Ventnor Road.
The new owner, a residential developer is now proposing a standard “house-and-land package” based redevelopment, Whyte Sands. Greg Price of selling agency Alex Scott says the reinvented project will yield about 300 lots and be developed over four years.
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The West Australian government has announced a $580 million redevelopment of Perth’s old Treasury building. The redevelopment will include a
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THE on-again-off-again plan to redevelop the car park behind the Scots Church, in the Melbourne CBD, is on again.
Grocon and joint venture partner APN Property Group are planning to build a $150 million, 20,000 square metre office on the site of a car park behind the heritage listed church, at the corner of Russell and Collins streets.
The building will have a street address of 150 Collins Street, despite facing Russell Street.
Elsewhere in the area CBus Property is planning to redevelop 171 Collins Street into a $280 million office and retail complex.
VICTORIAN architects, developers, and various level of government have appeared prominently throughout a shortlist of Property Council of Australia nominees, for the national Innovation and Excellence Awards, to be held in June.
Read moreParks Victoria – custodian of about 17 per cent of Victoria’s land mass – is looking to go green this year, when it will move from the 40-years-old 535 Bourke Street office building in the CBD.
Read moreConsolidated Properties, a subsidiary of ASX-listed Trinity Group, has sold nine of 15 shops in the Victorian beach resort town of Lorne, in a week after the portfolio was put to the market.
Read moreOne of Bourke Street’s most historically significant properties, the former Melbourne Tramway and Omnibus Company Building at 673 Bourke Street, sold after auction this week for almost $8 million.
Read morePrivate investor the Erdigroup has paid $18.25 million for St Kilda’s Marque Hotel, on Fitzroy Street.
Read moreOne of Dockland’s last remaining – and most prominent – development sites will become a $700 million mixed use development, under ambitious new plans by the consortium vying to buy the site.
Read moreThe former Lindrum Billiard Centre – built by the family of world famous billiard player Walter Lindrum in the 1920s – later reincarnated into offices, and then a boutique hotel – will be sold next month, in a deal expected to pot owner CBus around $20 million.
Read moreExponential growth in recent years will require Deloitte to relocate its Victorian headquarters to one of Melbourne’s newest office towers, Cbus Property’s CBW development, from February 2009.
Read moreThings got worse for General Property Trust this week, after petroleum giant BP confirmed it wants out of the Melbourne Central office building, once its lease expires in 2011.
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