Lucas Real Estate Buys MAB Corporation’s Metro Real Estate Business

DOCKLANDS focussed real estate agency Lucas Real Estate will trade from a second shopfront in the waterfront precinct, and double its rent roll, after paying MAB Corporation an undisclosed sum – speculated to be millions of dollars – for its lucrative Metro Real Estate business. Lucas Real Estate will take over sales, leasing and management

Read more

Chain Reaction Bike Ride 2010 Pedals Off From Port Macquarie

THE biggest charity event in Melbourne’s commercial property calendar pedals off on Sunday March 7.

The Chain Reaction bike ride, which unites traditionally-competing developers, consultants, and real estate agents through a scenic but gruelling week-long route, will take off from Port Macquarie.

This year, participants will ride what could be a very wet 1000 kilometres to Noosa, in an attempt to raise money to set up and maintain the Starlight Room at the Monash Medical Centre, and support the Better Buddies program run by the Alannah & Madeline Foundation.

Read more

Dry Zones Facing Extinction in Melbourne’s East

RESIDENTS in Melbourne’s ritzy east are increasingly voting to remove the “dry zone” restrictions around their streets, in what could result in the government and council putting forward a ballot, to remove these zones altogether.

The Director of Liquor Licensing, via the Victorian Electoral Commission, this week distributed ballot papers asking residents to vote for, or against, a liquor licence application at 732 Burke Road – or on the “dry side” of the popular retail strip.

Any venue in a dry zone that wishes to obtain a liquor licence needs to win approval of local residents on a case-by-case basis.

Read more

Channel Nine May be Revisiting Plans to Sell Studios, and Lease

The on-again-off-again campaign to relocate Network Nine from its long time Bendigo Street headquarters, may be on again.
Sources say the network is entertaining plans to sell its Richmond home of 53-years, and use funds to refit new offices and studios, or a purpose-built high-tech facility closer to town.
It’s understood executives from PBL Media, Nine owners, have inspected existing office space to meet an unofficial 8,000 square metre requirement, but that a purpose-built facility could also be on the frame.  A network representative was unavailable to comment to The Age.

Read more

Google to Re-Drive Australia’s Capital City Streets This Summer

MOW your lawns, prune your gardens – and don’t park your car where it shouldn’t be seen – for the summer of 2010 anyway.
Google, the online resource which through its Google Maps and Street View functions has attracted a swarm of real estate voyeurs globally – will re-drive the streets of metropolitan capital cities this summer including Sydney, Melbourne, Perth and parts of Tasmania.

Read more

Australian Businessmen Working on Dubai’s Waterfront Development Released

MELBOURNE businessmen Matt Joyce and colleague Marcus Lee have been granted bail after serving nine months in a Dubai prison, on suspicion of fraud.

The businessmen worked for the Nakheel company’s multi-billion Dubai Waterfront development, and were arrested in January and jailed for six months before charges of misappropiation were laid. An application to hear their case was granted last month.

The pair will be forced to hand in their passports. The first witness will appear on November 17.

Read more

Apartment Owners and Developer Win Bid to Shift East Melbourne Border

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.

Read more

Lend Lease Appointed to Develop Melbourne’s $870 Million Fruit, Vegetable and Flower Market, Epping

LEND Lease has been named as preferred builder, to develop Melbourne’s wholesale fruit, vegetable and flower market in Epping.

Victorian Major Project Minister Tim Pallas made the announcement today, saying the $870 million project will create about 600 jobs.

The move will also give the government a swag of inner-city land parcels to consider selling, or developing. Much of the land is located in Melbourne’s inner-west, between the Docklands precinct and Footscray.

Read more

DFO South Wharf, Melbourne, to Open October 15

MELBOURNE’s $750 million South Wharf project, at the point where Southbank meets Docklands, will become the city’s next DFO (Discount Factory Outlet).

The owners of the South Wharf and Spencer Street DFO outlet, Austexx, have confirmed a two year rumour that the 60,000 square metres of retail space within the South Wharf complex, will accommodate existing Spencer Street DFO tenants, and then some.

The Spencer Street DFO shopping centre will be refitted and rebranded simply as “Spencer Street”, once DFO tenants start relocating from October 15.

Read more

Four Victorian Winners at National HIA Industry Association Award Night

Under the MoonlightA luxury chalet in the Alpine village of Dinner Plain, was one of four Victorian entrants to win awards at a national Housing Industry Association award ceremony, held last month.
The R&R Van Heek Builders designed home, Under the Moonlight, won the Colorbond Most Innovative Use of Steel Project of the Year. HIA judges said the home “commands attention and yet does not over-impose on the area’s natural landscape.”
R & R Van Heek Builders recently relocated its business from Dinner Plain to Darwin.

Read more

REIV Senior Auctioneers Competition Winner Announced

FOR the second year running, a Jellis Craig employee picked up the Senior Auctioneers Competition Award, at a Real Estate Institute of Victoria hosted event last Wednesday.
Steven Abbott, a business development manager for Jellis Craig which operates mostly in Melbourne’s leafy eastern suburbs, pipped other finalists including Michael Choi of McDonald Real Estate in Keysborough, Sam Gamon of Chisholm & Gamon Elwood and John Matthews of Barry Plant in Essendon (winner of the award in 2007). Last year the award was won by Jellis Craig agent Scott Patterson.

Read more