SOUTH Australia’s Department of Health will pay $135,000 annual rent to occupy a 960 square metre office in Torrensville, two kilometres north of Adelaide. The state department’s lease at 81-83 Stephens Avenue (image, right taken from the online advertisement which has since been removed) is for an initial period of seven years, but includes twoRead more
BENDIGO’s largest ever single capital works project opened on time and on budget late last month. The $14.9 million Edward Street car park and office complex includes 1800 square metres of commercial space, the majority of which has been leased by State Trustees as its new regional office. Hidden behind a distinctive façade and occupyingRead more
LEND Lease arm Abigroup has won a major government contract.
Details of a media statement released today is below:
Abigroup has won a national Defence contract to prepare RAAF airbases around Australia to receive the air force’s next generation of fighter jets.Read more
DEFENCE Housing Australia has spent more than $150 million on some 500 houses in Adelaide’s northern suburbs.
The properties have been acquired since 2008 and are concentrated in housing developments near Edinburgh including Playford Alive, Blakes Crossing and around Gawler (train station pictured, right).
DHA has purchased an entire street in the Playford Alive development at Munno Para West.Read more
THERE’S a sad day each year when home owners are delivered what might be their most misunderstood bill – the council rates notice.
Council rates are calculated using your property’s valuation and a rate in the dollar your council has budgeted as your contribution. Statewide (Victoria), the average rates bill for all properties -residential, commercial, industrial or farming – was $1135 two years ago.Read more
A NEW $200 million office building will be developed in Adelaide, after the Australian Taxation Office agreed to be anchor tenant.
The ATO, which also recently anchor tenanted a Melbourne building some say it didn’t need, will occupy 30,000 square metres of a building at Franklin Street, being developed by Western Australian based Aspen Group.
Aspen’s Tower 8 project will be bound by Waymouth, King William Flinders and Bentham streets, according to Adelaide Now, which announced the deal yesterday.Read more
Lend Lease Corporation Limited (“Lend Lease”) today announced its subsidiary, Bovis Lend Lease Pty Limited (“Bovis Lend Lease”), as part of the Momentum consortium which includes CLM Infrastructure and Veolia Water Network Services, has been appointed to deliver the A$900 million Sydney Water Watermains Program. The program, which has a contract value of circa A$340Read more
DAYS before the federal labor government’s carbon tax is set to take effect, several Victorian councils have discovered they have been added to the list of some 500 companies set to pay.
The councils of Hume, Geelong, Wyndham and Bendigo have been included on the mystery list of polluters set to pay the tax. Several other councils in Victoria and around Australia are expected to be added in coming days.
Voters and the business community have criticised the hush-hush method the Labor government has decided to announce the polluters which will pay the tax.Read more
AS part of its plan to build a $90 million bus depot, the Brisbane City Council has paid $16.5 million for a major development site at 496 Sherwood Road, Sherwood. The former Index Park site, which measures 7.8 hectares, will play an important part in the redevelopment, and accommodate 200 additional bus services. Expressions ofRead more
The Property Council of Australia has criticised advertisements by the Local Government Association of NSW and Shires Association of NSW calling on the NSW Government to delay reforms which would stop councils hoarding taxpayers’ money as a misguided attempt to preserve an unsustainable and unfair funding system.Read more
VICROADS – whose days headquartered from dank offices in one of Melbourne’s ritziest suburbs are reportedly numbered – is expecting some $15 million from the sale of a 31.3 hectare residential development site on what is now Melbourne’s northern outskirts, but will soon be considered a middle-ring suburb.
The Craigieburn site with a street address of 650 Hume Highway, is spread over two sides of the recently opened Hume Freeway*, which connects commuters to the Western Ring Road and the CBD in one direction, or the Metropolitan Ring Road, and a Greensborough traffic jam at the other.
The Melbourne-Sydney railway line dissects the southern edge of both VicRoads sites, some 25 kilometres from town.Read more
THE Victorian Aboriginal Community Controlled Health Organisation Inc has paid $4.45 million for an office in Collingwood, in Melbourne’s inner north-east. VACCHO will owner occupy the building at 17 – 23 Sackville Street. The private sale was negotiated by Teska Carson. The vendor was Rainbow Display Systems.Read more
DEVELOPERS and land owners are rubbing their hands with excitement at the prospect of a roundabout being developed at the Avenue of Honour in Bacchus Marsh, north-west of Melbourne.
Large tracts of used and disused farmland in the pockets around the proposed new road – including around Hopetoun Park, Parwan and Pentland Hills – are expected to be redeveloped as housing estates in coming years.
Tenders closed for one such site this week: the massive 168 hectare Underbank Stud Farm.Read more
DESPITE evidence government grants unnecessarily inflate up real estate values, the Victorian State Government is using them again, as a carrot leading to the November 13 election.
Below is a statement about the initiative, by the HIA, which includes exact values about the new grants available.Read more
VICTORIAN Road minister Tim Pallas has named development consortium Southern Way will build the controversial Peninsula Link freeway.
The $759 million contract – for a freeway some say does not need to be built because there isn’t a population to support it – will stretch 27 kilometres from Carrum Downs, to Mt Martha, and includes 11 road connections, more than 35 bridges, 18,000 square metres of retaining wall and public art.
It is due for completion in early 2013.Read more
Property industry groups and real estate agents were disappointed Tuesday’s State Budget didn’t bring cuts in Stamp Duty, particularly for first home buyers.Read more
PARKS Victoria is selling the rights to manage one of the Mornington Peninsula’s biggest, yet most ill-fated tourist attractions – the Arthurs Seat Chairlift.
Parks is looking for an operator to design, construct, run and maintain the new tourist hub – which would replace the existing 1960 facility, which shut in 2006 after a string of safety faults left holiday-makers injured, stranded, or both.
Up for grabs is a 950-metre chairlift path, and associated tracts of land at each end of the 305-metre summit, which previously supported a small thriving retail centre.
RESIDENTS in Becton’s posh One East Melbourne glass tower have won a battle to have their suburb name changed.
At a meeting last week, the Melbourne City Council approved a recommendation to shift the East Melbourne suburb boundary west, to include apartments and an office between 227 – 293 Wellington Parade South, which would have previously been considered Melbourne, 3000, and arguably be worth a lot less.
VICURBAN is proceeding with plans to build a major office building, and two apartment developments on a prominent, but disused 1.3 hectare block, abutting the Footscray train station, in Melbourne’s inner west.
The government’s sustainable land development arm is calling for submissions to develop three sites around McNab Avene, a former bowling green bound by the Footscray Market, Victoria University, and two train lines.
Government agencies, believed to be State Trustees and City West Water, will fully occupy the 15,000 square metre office, while the apartment towers, one of which could rise some 14-levels, will be a mix of traditional “own your own” units, student accommodation and affordable housing.
Melbourne City Council may have found a way to retire some of its ballooning debt, confirming this week it would put a prime Bourke Street shop and office building on the market.Read more