Blackburn - Real Estate Source

Fairfax saviour: entrepreneur Gina Rinehart

Fairfax, News Limited to Sell Property Assets

June 24, 2012 Marc Pallisco 0 Comments Blackburn, Fairfax, News Limited, Southbank, Tullamarine, Westmeadows

CHANGES to the media landscape announced this week will result in a shake-out of commercial assets all over Melbourne.

Fairfax, publisher of The Age, is expected to make between $20 – $25 million for its high-tech printing and distribution facility near the Melbourne Airport in Tullamarine, abutting the Tullamarine Freeway (pictured, below).

Fairfax paid $5.6 million for the six hectare piece of former farmland in 1999 – then spent another $220 million building the existing printer which included machinery from Germany and Switzerland.

Suburb Property Profiles

Blackburn, Blackburn North and Blackburn South Suburb Profile

March 28, 2008 Marc Pallisco 0 Comments Blackburn, Blackburn North and Blackburn South Suburb Profile, Real Estate Articles, Suburb Property Profiles

Blackburn is an understated eastern suburb about 15 kilometres east of the CBD, and just east of more exclusive suburbs Surrey Hills, Mont Albert and Box Hill.

Victoria

Lexus Buys Former News Limited and Cottees Facility, Blackburn

September 7, 2010 Marc Pallisco 0 Comments Blackburn, Melbourne Suburb Development Site Sale, Melbourne suburban office sale, Whitehorse Road

LEXUS of Blackburn – whose radio advertisements wake tens of thousands of Victorians ahead of 3AW’s popular Rumour File – has itself settled speculation it has made a major property play.

The prestige car dealership is understood to have paid about $12 million for News Limited’s former Leader Newspaper facility at 160 Whitehorse Road, near its existing facility at 146 Whitehorse Road.

Lexus will develop an iconic, new car facility on the site at the corner of Railway Road and near the Blackburn train station – set to highlight the brand’s environmental credentials.

Victoria

News Limited to Sell Blackburn’s Former Leader Newspaper Offices, Melbourne

February 21, 2010 Marc Pallisco 0 Comments Blackburn, Box Hill, Leader Newspaper, Melbourne suburban development site, Mitcham, News Limited

NEWS LIMITED can expect to make about $12 million from the sale of an outgoing eastern suburbs office site, used for years by its Leader Newspaper staff.

The prominent 8,767 square metre site, on the corner of Whitehorse Road and the busy Railway Parade, in Blackburn, has a total road frontage of 162 metres.

One sixty Whitehorse Road could make way for several types of projects including medium and high density apartments, or offices, with ground floor retail.

Victoria

Westwater Property Development Sites Sell

October 30, 2007 Marc Pallisco 0 Comments Blackburn, Brunswick, Real Estate News, victoria, Westwater Property Development Sites Sell

Receivers for failed property finance company Westwater Property have put the company’s last two development sites on the market, in deals expected to recover more than $10 million.