MAB – realestatesource https://www.realestatesource.com.au Commercial and residential property news Thu, 10 Mar 2011 04:00:37 +0000 en-US hourly 1 https://wordpress.org/?v=7.0.5 https://www.realestatesource.com.au/wp-content/uploads/2024/03/rsfav-100x100.png MAB – realestatesource https://www.realestatesource.com.au 32 32 MAB Launches $350 Million Docklands Towers https://www.realestatesource.com.au/mab-launches-350-million-docklands-towers/ Thu, 10 Mar 2011 04:00:37 +0000 http://realestatesource.com.au/wordpress/mab-launches-350-million-docklands-towers.html ANOTHER year, and MAB Corporation is releasing another major Docklands project.

This time, the development - The Quays - will include two towers.

A south tower will rise 32 storeys and include 275 units. It will be the tallest building in MAB's 5.3 hectare Docklands pocket.

A north tower will include 230 flats. At ground level, a walkway aims to create a new retail laneway, with cafes and shops.

The project (artist impression, right) will also include 95 serviced apartments. Residents within The Quays will be able to utilise hotel functions like a spa, pool, sauna, health club, gym and yoga studio.

]]> MAB General Manager Kevin Hunt told the AFR the average apartment price will be $600,000. The flats will range in size from 50 square metres to 112 square metres.

]]> MAB Sells NewQuay Shops, Docklands https://www.realestatesource.com.au/mab-sells-newquay-shops-docklands/ Fri, 15 Oct 2010 04:18:36 +0000 http://realestatesource.com.au/wordpress/mab-sells-newquay-shops-docklands.html MAB Corporation has sold two retail investments at its NewQuay precinct of Docklands for a total of $3.875 million.

The biggest premises at 24 NewQuay Promenade measures 427 square metres (about the size of four standard shops) and is leased to Metro Real Estate which pays a current rent of $255,000 per annum.

On that basis the $3.55 million sale price reflects a yield of 7.2 per cent.

A second and much smaller retail premises at 7 Caravel Lane sold for $325,000 and on a yield of 6.3 per cent.
]]> This 54 square metre shop – at the ground level of a larger tower – is leased to Care Park and commercial real estate agency Jones Lang LaSalle, who also sold both the retail assets for MAB.

JLL Selling agents Nick Dempsey and Matthieu Lucas said investor interest in Docklands retail assets has increased as office and residential building occupancy increases.

]]> MAB Corporation Sells Prominent Tullamarine Site For $2.9 Million https://www.realestatesource.com.au/mab-corporation-sells-prominent-tullamarine-site-for-29-million/ Tue, 15 Dec 2009 13:14:41 +0000 http://realestatesource.com.au/wordpress/mab-corporation-sells-prominent-tullamarine-site-for-29-million.html MAB Corporation, which is expected to unveil itself as the owner of Doncaster’s Eastern Golf Course before Christmas, has sold a prominent 2.1 hectare industrial development site with a 300 metres frontage to the Tullamarine Freeway, near the airport.
 
CVA Property Consultants director Anthony Carbone, who sold the site with ICG Property, confirmed the site sold for $2.9 million.

]]> MAB has also sold the final piece of land at a business park, built within the $1 billion University Hill project, in Bundoora. Porter Davis is believed to be paying $1 million for a purpose built office, which the home builder will use to service its northern suburb operations.

]]>