Giant Football Academy Still on Track For Former Liverpool Golf Course

PLANS to develop a giant football academy on a former golf course, in the south-western Sydney suburb of Liverpool are still on track, despite banks putting the property on the market for $6 million as a mortgagee in possession.

Property developer Eddie Parilio said he expects to pay out money owed on the property, before the end of the property’s marketed tender. A repayment would give him back clear possession of the property, and allow him to proceed with redevelopment plans.

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Defence Health to Reap $6.5 Million From Sale of Outgoing St Kilda Road Office

PRIVATE health insurer Defence Health can expect to make $6.5 million from the sale of a prominent St Kilda Road office within walking distance to the Flinders Street station.

Defence Health is the latest in a string of companies to list formerly owner-occupied buildings for sale, while it rents elsewhere.

Defence Health’s outgoing office three-level office at 344 St Kilda Road, opposite the Shrine of Remembrance is being marketed by Colliers International’s Ben Christie.

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Southern Cross Hotel, Near South Melbourne Market, For Sale

THE pocket around South Melbourne Market may see yet another crane, if developers buy the Southern Cross Hotel on the south-west corner of Cecil and Market streets, on the suburb border of Southbank.
The double-storey hotel will be sold later this year with vacant possession, meaning prospective hotel operators will have to compete with developers, who could propose a medium or high density apartment tower for the site. It is expected to sell for about $2 million.

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