Axiom – realestatesource https://www.realestatesource.com.au Commercial and residential property news Thu, 29 Jun 2017 13:53:29 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.4 https://www.realestatesource.com.au/wp-content/uploads/2024/03/rsfav-100x100.png Axiom – realestatesource https://www.realestatesource.com.au 32 32 Planning Minister Approves $800 Million-Plus Redevelopment of Ex-Age Site, Melbourne https://www.realestatesource.com.au/planning-minister-approves-800-million-plus-redevelopment-of-ex-age-site-melbourne/ Tue, 29 Jan 2013 04:00:39 +0000 http://realestatesource.com.au/wordpress/planning-minister-approves-800-million-plus-redevelopment-of-ex-age-site-melbourne.html IT USED to be considered the dankest end of the Melbourne CBD - but now two former industrial sites opposite the Southern Cross train station are to make way for some ten swank skyscrapers accommodating some 5500 apartments.

Yesterday Victorian planning minister Matthew Guy approved an $800 million redevelopment of the former Age newspaper site at 250 Spencer Street.

The proposal – seen in ISPT’s 2012 annual report – seeks to add six skyscrapers and 2994 flats to the block which for years houses The Age newspaper.
]]> Another 2500 flats are set to be developed at the Upper West Side project next door to the ex-Age site.

ISPT with joint venture partner Axium paid Fairfax almost $67 million for 250 Spencer Street about six years ago. The site is identified by a mission brown brick building, disused printing presses, and open-air car parks. The Age now rents part of a new office not far away and zoned – just – as Docklands.

The tallest of the proposed new tower will rise 63 levels (or 220 metres) and be just 20 metres shorter than the landmark Rialto building at 525 Collins Street nearby.

Other towers will rise between 140 – 200 metres. The project is expected to take about ten years to develop.

]]> Gerry Harvey Buys Half Share of Adelaide Bulky Goods Complex https://www.realestatesource.com.au/gerry-harvey-buys-half-share-of-adelaide-bulky-goods-complex/ Fri, 01 Oct 2010 04:37:48 +0000 http://realestatesource.com.au/wordpress/gerry-harvey-buys-half-share-of-adelaide-bulky-goods-complex.html INTERESTS associated with retail mogul Gerry Harvey will pay $31.8 million for a half stake in an Adelaide bulky goods complex the Gepps Cross Centre.

Axiom Properties sold the asset, and will use funds to settle debt.
]]> Mr Harvey already owns a half share in one part of the Gepps Cross Centre, according to the AFR which reported the transaction.

]]> Brookfield Multiplex Pays Aspen $25.3 Million for Perth Development Site https://www.realestatesource.com.au/brookfield-multiplex-pays-aspen-253-million-for-perth-development-site/ Mon, 01 Nov 2010 04:05:37 +0000 http://realestatesource.com.au/wordpress/brookfield-multiplex-pays-aspen-253-million-for-perth-development-site.html WESTERN Australian based developer and fund manager Brookfield Multiplex has paid $25.3 million for a commercial development site in the City Square development site.

Brookfield is expected to build a 14-level office on the site, which was also reportedly competed for by the Charter Hall Group.

Aspen Group also reportedly conducted due diligence on the site.

]]> Alan Bond, Kerry Packer and Warren Anderson have all owned the site in the past.

The site is on Mounts Bay Road in Perth’s financial district.

Savills Western Australian office negotiated the sale.

 

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