Site with development upside in Melbourne’s Richmond sells for $8.7 million
An investment with development potential in the precinct described as Melbourne’s Silicon Valley sold at auction yesterday for $8.66 million
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George Saade leases retail component of Prahran’s Station Hotel development
Melbourne investor George Saade has filled a large retail area within the Station Hotel redevelopment he has recently completed in
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Coles Property Group lists $40 million-plus Melbourne shopping centre
Coles Property Group is selling another neighbourhood shopping centre with a leaseback. Aurora Village in Epping, in Melbourne’s north, is
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South Yarra’s best development site to make way for offices, shops, plaza
It is arguably South Yarra’s best development site, but most locals wouldn’t realise it was there. Airspace, atop rail lines
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Cheltenham’s Arnos factory redevelopment complete
With the listing of three strata-titled commercial and retail assets, Goldfields Group and The Schachter Group are ready to check
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Pace of Flemington to launch from Birdcage Enclosure this Melbourne Cup Carnival
Pace Development Group will use the upcoming Melbourne Cup Carnival to launch a 17-level apartment building earmarked for land which
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GPT Group snares national company for 11,000 sqm spec-built Sydney logistics centre
GPT Group has found a tenant to occupy a logistics centre it built speculatively in Sydney’s Huntingwood. The property giant
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Hotel St Regis signs up to Melbourne’s $800-million Flinders Bank development
World renowned luxury inn St Regis Hotels and Resorts, which is owned by Marriott International, will open its first Australian
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LYZ Property Group to flip enormous Hawthorn development site
LYZ Property Group is flipping a large corner block in Hawthorn – one of Melbourne’s blue ribbon suburbs. The 2593
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Golden Age Group spending more than $30 million on Rockbank, Melbourne, development site
Two months after snapping up a Sydney hotel site, it has been revealed Golden Age Group, led by Jeff Xu,
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Orion International Group and Box Hill Institute propose 29-storey building
Orion International Group has signed an agreement with Box Hill Institute to replace an open-air car park with a mixed-use
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Chinese builder AZX Group flips Melbourne CBD development site for $35m
Privately owned China-based builder AZX Group has flipped a Melbourne CBD site after obtaining a valuable redevelopment permit. The vendor,
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Crown International Holdings Group Pays $27 Million For North Sydney Development Site
CROWN International Holdings Group has paid $27 million for a North Sydney development site with plans and permits for a 180-unit apartment complex.
The 1600 square metre site at 211 – 223 Pacific Highway will be added to the portfolio of the Sydney-based builder, which according to the AFR, controls some $1 billion worth of apartments in local developments in Parramatta, Rhodes and above the Top Ryde City shopping centre in Ryde.
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CGA Bryson to Sell Camberwell Development Site
LOCAL developer CGA Bryson is selling a prominent Camberwell development site it bought just 15 months ago.
Opposite the City of Boroondara council offices, and the Camberwell Civic Centre, the 4383 square metre site at 347 Camberwell Road (aerial shot of site, pictured, right) is being offered with a permit to develop an 8277 square metre office building. Commercial office rents in Camberwell are amongst the most expensive in suburban Melbourne, achieving more than $300 per square metre, per annum in some cases.
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Sydney CBD’s $6 Billion Barangaroo Redevelopment Set to Start Construction After Years of Protest
NEW state premier Barry O’Farrell will personally supervise the controversial $6 billion Barangaroo urban renewal project, set to replace industrial land – part of a Sydney Harbour container terminal, that ceased functioning in 2003.
The waterside project will include a compound of skyscrapers, one being a hotel that will jut into the water, in a copy of Dubai’s Burj al Arab tower.
The redevelopment was lobbied against by Greens groups and local councils, as well as wealthy Sydneysiders whose views will be lost. Protesters argued planning approvals were flawed, and resulted from the “mates” culture of the previous state Labor government.
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Australand, LaSalle Pay $35 Million For Clemton Park Development Site, South-West Sydney
LISTED institution Australand Property Group with partner LaSalle Investment Management, have paid about $35 million for a 5.5 hectare development site in Sydney’s south.
The Clemton Park site (aerial of the suburb, right) sold with a permit. It’s expected to deliver about 700 dwellings over a five to six year period.
Construction company Parkview sold the site, some 15 kilometres south-west from the Sydney CBD and near Earlwood, Kingsgrove and Campsie and not far from the city’s international airport.
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Deague Family to Sell Petrol Station Turned Development Site, Prahran
AFTER canning plans to develop a ritzy hotel, local development family the Deague’s are selling a petrol station-turned residential development site in Prahran.
The small site, at the south-west corner of High and Thomas streets, is opposite Swinburne University’s Prahran campus, and walking distance to retail mecca Chapel Street – which commands the highest retail rents of any inner-city shopping strip.
The Deagues purchased the 118 High Street site about four years ago with plans to build a hotel, the Larwill, as part of its “art” series chain.
However, like many projects by the Deague family’s Asian Pacific Building Corporation, it’s been canned. The site is expected to sell at a premium given it now has a permit – prompting speculation the wealthy family is property speculating.
Coles Group Buys Piece of Major Brighton Mixed Use Village, Melbourne
WESFARMERS owned Coles Group is speculated to be paying around $13 million for an as-yet-undeveloped, approximate 4200 square metre supermarket in the ritzy Bay Street, Brighton retail strip.
Sources say Coles is purchasing the space off ASX listed Abacus Property Group, which is proposing a mixed use village for the site on the south-west corner of Male Street.
The property, for a couple of years now a block of dirt behind a fence, was earmarked for a $38 million office and retail complex, however it’s understood a new complex with a residential component is now proposed.
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Ultra Tune Buys Strata Office in Stockland’s Tooronga Redevelopment
DESPITE a job in which driving luxury cars is a perk, Ultra Tune boss Sean Buckley doesn’t want to travel for too long, to get to work.
Mr Buckley will relocate the company’s headquarters from Box Hill, to Glen Iris, after paying a speculated $2.4 million for a 400 square metre strata office suite, part of Stockland’s massive $500 million Tooronga Village redevelopment, about nine kilometres south-east of town.
Even though development at the Glen Iris site has been rampant in recent years, Stockland is only into the first redevelopment stage, of five.
Read moreHealth Group Pays $17.1 Million For Hawthorn Office
RESIDENTIAL developers keen to get their hands on a prime 4152 square metre (or an “acre”) site abutting the Hawthorn train station have been left disappointed, with an owner occupier snapping up the Burwood Road property for $17.1 million.
Colliers International director Rob Joyes, who sold the 50 Burwood Road office with Peter Bremner, said a health-related group will redevelop the building into a specialist medical centre.
The 5246 square metre office building was marketed with a permit for a 2500 square metre extension, and included 174 car spaces.
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Controversial Planning Policy Claims Eastern Suburbs Most Prized Development Site
THE CONTENTIOUS planning policy that eastern suburb-based actor Geoffrey Rush warned in 2004 “would fundamentally alter the tone and character of Melbourne in a way that I don’t believe people are quite aware of” has finally claimed the eastern suburb’s most prized development site.
The Camberwell Station redevelopment – one of the earliest and highest profile planning disputes to arise after the 2002 Melbourne 2030 blueprint (since turned into the Melbourne @ 5 Million planning policy) – should see construction start this year.
Boutique builder Arno (a brand of the developer reported previously as Tenterfield) is accepting registrations of interest for apartments in a major new development, The Place.
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WA Government Appoints Delfin Lend Lease Preferred Developer For Alkimos Community Development
THE West Australian government has named Delfin Lend Lease as the preferred developer for the first stage of the 710 hectare Alkimos Community development, 40 kilometres north of Perth.
Alkimos will be Delfin Lend Lease’s first major project in WA, despite establishing in the state two years ago.
Perth based Satterley Property Group and Mirvac were also shortlisted to buy the site, the AFR reports.
DFO Owners Buy Chadstone Bulky Goods Development Site
THE owners of discount outlet chain DFO have been revealed as the buyers of a prominent bulky goods development site near the massive Chadstone Shopping Centre.
Peninsula Development Group, a privately owned development company controlled by David Goldberger, Sam Fink and David Weiland is expected to develop a $20 million bulky goods shopping centre on the 675 Warrigal Road site, until recently home to chemical services company Clariant.
St Hilliers Contracted Appointed to Build Kyko Group’s $150 Million Mon Komo Project, Queensland
St Hilliers Contracting has been appointed to construct one of southeast Queensland’s $150 million mixed-use Mon Komo project, on the Redcliffe Peninsula.
Read moreCFS Proposes $20m Redevelopment of Forest Hill Chase Shopping Centre
Colonial First State – part owner of the Myer Bourke Street building and Chadstone Shopping Centre – plans to undertake a $20 million redevelopment of its Forest Hill Chase Shopping Centre, in Melbourne’s east.
Read moreMyer Leases Space at QV
Myer has leased prominent retail space at a rival city shopping centre, while its own headquarters undergoes a massive renovation.
Read moreDamgar Group Takes Punt For Glen Iris Office Building
The Damgar Group is taking a punt on an untapped suburban office market, announcing plans for Creswick Malvern, a $24 million office building in Melbourne’s south-east.
Read moreISPT, CBus Confirm $700 Million Bourke Junction Development, Docklands. Suncorp Major Tenant.
Industry Superannuation Property Trust (ISPT), Cbus Property and EPC Partners today announced their joint venture to develop the new $700 million South East Stadium Precinct (SESP) at Docklands in Melbourne.
Read moreThe GPT Group officially unveils Rouse Hill Town Centre
Rouse Hill Town Centre combines the traditional values and streetscape of a contemporary market town with the latest in shopping, dining and lifestyle choices.
Read moreWestfield Group Announces Solid Growth in Operational And Development Earnings
The Westfield Group (ASX:WDC) today announced its full year results, reporting operational segment earnings for the year ended 31 December 2007 of $1.79 billion, up 11.6% over the prior year. This represents 96.12 cents per security, an increase of 6.0% on a constant currency basis.
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