Uniting Church sells 130 Little Collins Street after 52 years
EXCLUSIVE The Uniting Church Synod of Victoria and Tasmania has sold a Melbourne CBD commercial building it has occupied since
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Community radio station PBS’ Collingwood HQ up for grabs
The Collingwood home of alternative radio station Progressive Broadcasting Service – or PBS – will be auctioned next month. The
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Restaurateur Andrew McConnell leases ex-B&O store in Melbourne’s east end
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 pays $28.5 million for half acre Collingwood plot
Hines – one of the world’s largest privately owned real estate investment and development firms – is paying $28.5 million
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Government organisation signs major office lease
A recently formed federal government organisation has signed a major office rental agreement in Melbourne’s CBD. The 12 year deal
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ISPT acquires three Melbourne CBD sites from Victoria University with plans for a 32-level campus
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 in for c$300m payday from sale of Melbourne CBD office
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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Ashurst leases Sydney CBD office
A major leasing deal at the historic office known as the money box will result in additional levels being added
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Despite Bleak Backdrop, Corporates Pay Top Dollar For Sydney Offices in 2011
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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Fund sells out of $40 Million Phillip Island retirement village
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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WA Government Announces Treasury Building Redevelopment, Perth
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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Grocon, APN to Develop Scots Church Carpark, Melbourne CBD
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.
Victorians Prominent in National PCA Innovation and Excellence Awards
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 Comes to the Market For Space
Parks 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 moreLorne Shops Sell Before Auction
Consolidated 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 moreMelbourne Tramway and Omnibus Company Building Sells
One 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 moreErdigroup Pays $18.25 Million For St Kilda’s Marque Hotel
Private investor the Erdigroup has paid $18.25 million for St Kilda’s Marque Hotel, on Fitzroy Street.
Read moreSouth East Stadium Precinct of Docklands, Set For $700 Million Redevelopment
One 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 moreHotel Lindrum to be sold
The 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 moreDeloittes to Leave QV, For 550 Bourke Street
Exponential 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 moreBP Move to Leave Hole for GPT at Melbourne Central
Things 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.
Read moreFreshwater Place 2, CBW Overlooked Again as Tenants Race for Docklands
Always the bridesmaid, never the bride.
That must be the sentiment in Australand’s and General Property Trust’s boardrooms, after its 30,000 square metre Freshwater Place 2 office building at 28 Southbank Boulevard in Southbank failed to arouse the interest of yet another major tenant.
The Commonwealth Bank of Australia was this week speculated to have chosen to stay put at its current headquarters in Bourke Street, ending a lengthy search for new office space.
Read morePrivate Investment to Fund Public Housing
Philanthropists, banks – and now institutions are eyeing social housing as a lucrative property investment option, with one of the biggest industry super funds confirming it will investigate a $300 million State Government carrot.
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