Pace Development Group is banking $31.6 million from the sale of a compact office investment it is completing the construction of, in Melbourne’s inner north east Collingwood. The 11-level, 3082 square metre building at 51 Langridge Street found favour with a private investor in his 70s who grew up in the area and has justRead more
EXCLUSIVE Gay men bar and sex-on-premises venue Club 80 will be forced to relocate or close at the end of its tenancy – after the Collingwood buildings it has occupied for more than 20 years sold to an investor this week, within days of being advertised. The incoming landlord plans to re purpose the holdingsRead more
Pace Development Group is continuing to reweight its portfolio, this week listing for sale an office still under construction in Melbourne’s inner-north east Collingwood. The 11-storey investment at 51 Langridge Street is expected to sell for about $30 million. The offering comes two weeks after we reported that Pace acquired a Hawthorn East office developmentRead more
Another office is set to sprout in Melbourne’s grungy Collingwood following the sale of a warehouse investment with development upside at auction today. The fully leased building on a 395 square metre parcel at 67 Gipps Street, and with two other street frontages, traded for $3.04 million. Based on the asset’s annual rental return fromRead more
A local developer has paid $3.5 million for a compact site with three street frontages in Melbourne’s inner north Collingwood. The sale result for 4-12 Langridge Street values every square metre of land at $9500 – not a record for the trendy suburb, but approaching it. More than 100 people attended last Thursday’s auction. CurrentlyRead more
EXCLUSIVE Domain Hill Property Group director Peter Hill has flipped neighbouring Collingwood investments with development upside. The properties, marketed as 40 and 50 Rokeby Street (pictured, highlighted, top), are understood to be selling to Landream, a local developer with offices in Sydney and Melbourne. Landream’s local portfolio includes a proposed and distinctive Zaha Hadid designedRead more
Another commercial property sale has taken place in Melbourne’s trendy Collingwood. This time, an investor has spent $7.35 million on a double-storey brick office on an 825 square metre site at 20-22 Northumberland Street, between Victoria Parade and Langridge Street. The off-market deal was negotiated by GormanKelly director Daniel Di Gregorio who sold the propertyRead more
EXCLUSIVE High end design practice Bar Studio has paid $6.85 million for a Collingwood warehouse tenanted to radio station PBS. The red brick building at 47 Easey Street (pictured, top and below) sold to the owner-occupier following a well-attended auction in June. On a 1045 square metre plot, the 1800 sqm double-storey building was expectedRead more
Jowett Motor Group can expect more than $40 million from the sale of one of Melbourne’s highest profile car dealerships. The Collingwood property at 21-53 Hoddle Street occupies 5393 square metres of Commercial 1 zoned land, making it ripe for a larger-scale redevelopment with commercial and residential components. At present it contains 15,000 square metresRead more
A Sydney-based financial services business has outlaid $5.75 million on a Melbourne headquarters, in Collingwood. The renovated and extended period building at 42 Cambridge Street includes 593 square metres of lettable area over three floors, configured as offices, showroom and meeting spaces. A major renovation retained original features including timber ceilings, exposed beams and trussesRead more
The Collingwood home of alternative radio station Progressive Broadcasting Service – or PBS – will be auctioned next month. The historic red-brick warehouse at 47 Easey Street (pictured, top and below) is expected to trade for about $7 million. PBS signed a 20-year lease in 2001 but has no intention of renewing after committing toRead more
Veriu has pre-committed to its second Melbourne hotel in a week. The Sydney-based hotelier, established in 2000 by Alex Thorpe and Rhys Williams, who met when they were 10 and studied communications together at university, will operate a 95-key inn at 23-33 Johnston Street, Collingwood, a property owned by Tim Gurner. The Johnston Street leaseRead more
Hines – one of the world’s largest privately owned real estate investment and development firms – is paying $28.5 million for a half acre plot in Collingwood, in Melbourne’s inner north-east. The properties, covering 36-52 Wellington Street, at the south-east corner of Northumberland Street, are set to be replaced with a “highly-sustainable” commercial development. TheRead more
An inner-Melbourne site known to a select few unlucky occupants has hit the market. The Melbourne Impound Yard at 34 Cromwell Street, Collingwood (pictured top, left and bottom), is being promoted as an investment with office redevelopment potential. Walking distance the CBD, the 2016 square metre site is about 350 metres away from the North RichmondRead more
The tallest mural in the southern hemisphere is taking shape on a public housing block in Melbourne’s Collingwood. Artist Matt Adnate has painted two of the four faces set to adorn his latest work, covering 20-storeys, being the southern wall of 240 Wellington Street, about two kilometres north-east of the city. One of the facesRead more
Soon you might be able to get a drink around the Collingwood Children’s Farm – which is actually in Abbotsford. The owners of The Farm Café, which serves customers from a café off the Main Yarra Trail, and also a kiosk accessed from the Collingwood Children’s Farm, are seeking permission from the City of YarraRead more
Former Collingwood ruckman turned property developer Vaughan Ellis, with his wife, Sue (pictured), are selling their hilltop Red Hill estate, Maison de la Mer, which they built “sparing no expense” 10 years ago. Described as one of the Mornington Peninsula’s finest holdings, the six acre property at 60 Sheehans Road is expected to sell forRead more
A Collingwood church marketed to commercial users or residential renovators five years ago – has been converted into one of Melbourne inner city’s most spectacular homes, and reoffered for between $5.8 million and $6.38 million – a price which, if achieved, is thought would set a suburban price record. The Courtyard House, as it isRead more
IT WILL be the end of an era in Port Melbourne next spring, when Circus Oz plans to cross town.
The unique business, one of only four in Australia supported as an ‘international company’ by both the state and federal governments – will relocate to a Skills Victoria owned site at 35 Johnston Street in the inner north-east suburb of Collingwood.
The circus’s outgoing Port Melbourne headquarters at 40 Bay Street is on crown land but may be sold down the track, as it fills a major gap separating the popular retail strip, from the beach.Read more
SOON, Melbourne’s eyesore commission flat towers might not be the tallest buildings within their suburbs.
Far from being daunted by new planning minister Matthew Guy shredding of the Brumby government’s problematic Melbourne 2030 planning policy (which he argued in Opposition treated metropolitan Melbourne like one giant development zone), residential developers are still proposing big, bold buildings. This is despite Melbourne planning being a relative state of limbo until a new planning strategy is formulated.
This time, in Magpie land and near the Victoria Park stadium (pictured) and train station, a proposal has been lodged to build a 204-unit residential village with ground floor shops and a 17-level tower.Read more