More Changes Afoot For Rialto, Melbourne

MELBOURNE’s iconic Rialto building is facing a vacancy blow-out of almost 20 per cent, with major tenant Telstra refusing to confirm it will stay in the office beyond the next few months.

The announcement comes as two restaurateurs confirm they are considering retail space within the landmark building.
Sources say the privatised telecommunications giant, which was told by the Rudd Government last month it may need to separate its wholesale and retail businesses, is considering vacating the approximate 16,000 square metres it occupies of the 84,700 square metre glass office, which upon completion in 1986 was the tallest city building in the southern hemisphere.
“We have a lease that expires in April 2010,” a Telstra spokeswoman told The Age. “We intend to continue to occupy the space until that time.”

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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.

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Coles Opens New $40 Million Supermarket on Former Royal Melbourne Showground Land, Ascot Vale

STATE Member for Melbourne Bronwyn Pike opened Coles new $40 million shopping centre on Saturday, built within the grounds of what was once the Royal Melbourne Showgrounds, in Melbourne’s inner north-west suburb of Ascot Vale.
The Showgrounds Village Shopping Centre includes a 3,650 square metre Coles “concept” supermarket, which uses approximately 15 per cent less energy than the average Coles store and produces a third less waste. 

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