Mirvac to Build New Fremantle Surf Lifesaving Club
FREMANTLE Surf Lifesaving Club and Sydney-based developer Mirvac have signed a $4.1 million agreement to build a new facility on
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WA Government Announces Treasury Building Redevelopment, Perth
The West Australian government has announced a $580 million redevelopment of Perth’s old Treasury building. The redevelopment will include a
Read moreWA Government Appoints Delfin Lend Lease Preferred Developer For Alkimos Community Development
THE West Australian government has named Delfin Lend Lease as the preferred developer for the first stage of the 710 hectare Alkimos Community development, 40 kilometres north of Perth.
Alkimos will be Delfin Lend Lease’s first major project in WA, despite establishing in the state two years ago.
Perth based Satterley Property Group and Mirvac were also shortlisted to buy the site, the AFR reports.
Peet, Myer, MTAA Super Kick Off Biggest Perth Coastal Development in 50 Years
PERTH’s largest coastal development for more than 50 years has been launched in the Alkimos Eglinton area.
Peet Ltd has unveiled its $1.3 billion Alkimos development, about 40 kilometres north of the CBD. The land mooted for the development abuts another major block which the West Australian government is seeking to develop with a partner.
Combined, about 953 hectares of Perth’s famous coastline will be affected. LandCorp, Delfin Lend Lease, Mirvac and a consortium including Perth based developer Satterley Property Group, are reportedly shortlisted on the government tender to build more housing.
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Private Investors Spend $87.5 Million on Two Eastern Seaboard Homemaker Centres
TWO major homemaker centres in east coast Australia have sold for a combined $87.5 million.
Colonial First State sold the Homeworks Caringbah complex in Sydney’s south for $49 million. The 14 year old complex on a 2.055 hectare site is anchored by Harvey Norman and a Nick Scali furniture, and is 98 per cent occupied.
In Queensland, Mirvac sold the Morayfield Supa Centre for $38.5 million. The single level complex about 40 kilometres north of Brisbane is anchored by a Spotlight and Fantastic Furniture.
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Mirvac Makes $29.5 Million From Chester Square Shopping Centre Sale
MIRVAC Group has made $29.5 million from the sale of its Chester Square shopping centre in Sydney’s west.
The Chester Hill sale follows that last month of the Moonee Beach Shopping Centre, on the NSW north coast to the listed Gowing Brothers for $12.5 million.
The company has also sold its Kwinana Hub shopping centre in Perth for $25 million.
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Mirvac Building Wall That Will Block Waverley Park Eyesore From Melburnians
SYDNEY-based developer Mirvac is building a giant freeway wall which will block Melburnian’s travelling on the Monash Freeway from seeing one of the south-eastern suburb’s most familiar eyesores.
As part of its Waverley Park stadium townhouse redevelopment, which is nearing completion, Mirvac is required to build a freeway wall to mitigate traffic nose for new residents.
Read moreMirvac Posts $1.08 Billion Net Loss
SYDNEY-based property giant Mirvac has posted a statutory $1.08 billion net loss after tax for the 12 months ended 30 June 2009.
The company said it was impacted by property revaluations of $487.2 million, and the net loss in a range of joint ventures, which attributed $158 million to the company’s bottom line. Goodwill, management rights and other intangible assets were reduced by $273.6 million.
But net operating profit after tax was $200.8 million, down 43 per cent on the previous corresponding period. Revenue for the year was $1.79 billion, down down 16 per cent. Mirvac’s full distribution was 8 cents.
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Construction Starts of Dockland’s Next Major Skyscraper, Melbourne
DOCKLANDS next major skyscraper should start appearing on city skylines later this year.
Sydney-based developer Mirvac has just started construction of its latest waterfront apartment tower, Yarra Point, on the corner of Lorimer Street and Point Piper Crescent.
Upon completion in 2013, the $200 million tower will soar 31-levels and include 201 flats.
When the project was launched last October, entry level apartments started at a staggering $500,000. Four bedroom “sky residences” have fetched $2.5 million.
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Mirvac Signs STA Travel to Southbank Office
FOR the moment, residents in Southbank’s most exclusive skyscrapers can relax knowing their million dollar city views are preserved.
Sydney-based property giant Mirvac has signed tour enterprise STA Travel to a nine-year lease at a low rise office within a riverfront compound at Riverside Quay.
The Mirvac offices are on blue ribbon parcels of land abutting the Yarra River. At the moment the buildings are limited by a height restriction, however several long standing zonings have been removed, in the pro-development era that has ensued since the problematic Melbourne 2030 policy.
Inevitable high rise redevelopment of these Mirvac sites down the track will block postcard views currently enjoyed by residents at Eureka, Freshwater Place and other skyscrapers nearby.
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Mirvac Gets Ready to market Sixth Docklands Skyscraper
SYDNEY-based developer Mirvac will launch its sixth Docklands skyscraper, Yarra Point, in October.
Mirvac will adopt a design strategy used at its Tower 5 complex nearby, and the Melburnian, in St Kilda Road, by targeting top-end buyers with a high quality product.
This is reflected in the sale price, where one-bedroom flats are expected to be priced from $500,000.
The distinctive $200 million tower, 31-level tower will include 201 apartments in one, two and three bedroom configurations.
Yarra Point will include a rooftop garden, communal barbecue facilities and a gym atop a fifth level podium.
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Mirvac Starts Planning its Biggest Victorian Masterplanned Community
MIRVAC was one of many land owners celebrating the State Government’s decision last month to substantially extend Melbourne’s Urban Growth Boundary.
The announcement paves the way for Mirvac, with Malaysia based joint venture partner Jayaland, to develop its largest master planned Victorian community in the western suburb of Rockbank, near Melton, about 28 kilometres from town.
Mirvac chief executive officer Victoria John Carfi said the company was delighted with the government’s decision, and that it will now work with the Growth Areas Authority and the Melton City Council to work through a new planning process.
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One of a Handful of Dockland Terrace Homes Hits the Market With $5 Million Price Tag
IF YOU like the idea of living at Docklands, but aren’t sold on moving to a high rise apartment – then one of a handful of terrace homes at Mirvac’s Yarra’s Edge precinct might be for you.
But with a price tag of about $5 million – the luxury of living at Yarra’s Edge’s only low-rise, strata free homes, is for a select few.
An associate director of Patersons Securities is selling a new four-level townhouse at South Wharf Drive, ahead of a move to Perth.
Read moreHeritage Golf & Country Club, Melbourne, For Sale
ANOTHER month and another campaign to sell golf course investment has teed off.
This time, in Melbourne’s east, administrators for the Letten Scheme are selling two golf courses, known as The Heritage Golf & Country Club and spread over two suburbs: Chirnside Park, and Bend of Islands.
Golf club members have a lease over the course assets, while Mirvac Hotels has managed the conference facilities, retreat, spea and resort facilities, since 2002.
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Mirvac Sebel Deep Blue Resort, Warrnambool, For Sale
WARRNAMBOOL based developer Graeme Schultz can expect to make about $12 million from the sale of a 75-room resort on Victoria’s Great Ocean Road.
The Sebel Deep Blue resort at Warrnambool, about 270 kilometres west of the CBD, will be sold with a lease to Mirvac Hotels.
The 4.5 star resort includes a restaurant, bath house, therapy pool, swimming pool, private bathing rooms and function rooms catering for up to 300 people.
Read moreMirvac to Start Marketing Homes at Former Austral Bricks Site by October 2010
TWO years after Mirvac paid Brickworks Limited a staggering $100 million for its Austral Bricks site, in Melbourne’s south-east, the Sydney-based developer is ready to start marketing the first homes.
Mirvac Victoria CEO John Carfi says the first blocks at the site, known as 525 Stud Road, in Scoresby, should be put to the market in October.
The Austral Bricks site spreads 56 hectares, and spills into the neighbouring suburb of Wantirna South.
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Mirvac Reaps $13 Million From Port Melbourne Site Once Owned by GM Holden
MIRVAC is believed to have made about $13 million from the sale of a 4.4 hectare Port Melbourne development site, once owned by General Motors Holden.
The Sydney-based developer this week exchanged contracts to sell the cleared block of land, to a private investment company.
Mirvac’s Victorian development manager Christian Graham confirmed the sale but declined to comment on the details including buyer or price.
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Mirvac Reaps $13 Million From Port Melbourne Site Once Owned by GM Holden
MIRVAC is believed to have made about $13 million from the sale of a 4.4 hectare Port Melbourne development site, once owned by General Motors Holden.
The Sydney-based developer this week exchanged contracts to sell the cleared block of land, to a private investment company.
Mirvac’s Victorian development manager Christian Graham confirmed the sale but declined to comment on the details including buyer or price.
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Planning Strategy Affecting 2400 Hectares Between Caroline Springs and Melton Being Formalised, Tenders Called
THE FORMER “thoroughbred country” of Melton is a step closer to becoming part of metropolitan Melbourne, with the council formalising a major planning strategy affecting 2400 hectares of vacant land – effectively creating two new suburbs and allowing for the area’s population to more than double within 15 years.
The affected land between Paynes Road at Rockbank (some 30 kilometres from town) and Toolern Creek, at Melton South (40 kilometres away) is proposed to make way for two new activity centres, shops, offices, a new train station, and low, medium and high density residential.
Read moreAlbert Gasworks Site to be Developed at Last
ALBERT Park’s former Gasworks site will be developed at last.
Sydney-based developer Mirvac has announced plans for Laureate Albert Park, a $90 million townhouse development that will span the entire 8,144 square metre block bound by Pickles, Graham, Danks and Foote streets.
Mirvac paid $18.35 million for the Albert Park development site in June 2007, after a failed attempt by the previous owner Primelife to develop a luxury retirement village.
Mirvac Sells Assets in Doncaster, Maitland, For $27.4 Million
MIRVAC Real Estate Investment Trust has sold two investments for a combined total of $27.4 million.
In Melbourne, the group offloaded the Doncaster Corporate Centre at 591 – 609 Doncaster Road for $17.3 million. The sale includes a purpose built Silverstone Jaguar showroom and three office buildings. CB Richard Ellis was marketing agent for this property.
Mirvac also sold the Pender Place Shopping Centre in the NSW Hunter Valley town of Maitland for $10.1 million – about the same price it was purchased for in 2007.
Read moreMirvac Abandons Plans to Build $120 Million Office in Hawthorn, Puts Site on the Market
MIRVAC has abandoned plans to build a $120 million office building in Burwood Road, Hawthorn, in Melbourne’s leafy eastern suburbs.
The Sydney-based developer has decided to sell the 5,000 square metre development site, months after obtaining VCAT approval to build a 5-level, 18,800 square metre office, with 557 car parks.
Mirvac can expect to make about $12 million for the 291 – 311 Burwood Road site.
