Queensland’s LM Investment Disposes More Serviced Apartment Investments

Queensland-based financier LM Investment Management has offloaded 15 self contained serviced apartment suites, occupying one entire floor within the Mantra on Little Bourke hotel, at 471 Little Bourke Street.
A Chinese investor living in Perth has paid $2.8 million for the entire first level of the building, a 27-year old former office converted into hotel suites 11 years ago.

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$750 Million Caulfield Village Plans Advancing

Caulfield VillageCONSTRUCTION of a $750 million village including office towers, apartment buildings and a shopping centre on the grounds of the Caulfield Racecourse is expected to start within 12 months.
Melbourne Racing Club has submitted its final assessments and reports to the Department of Planning and Community Development, which is reviewing a planning scheme amendment affecting five hectares of land at the northern-most tip of the race course site, between Caulfield train station, Heywood Street and around Members Drive.
MRC’s plans for the “Caulfield Village” project include two commercial buildings of 12 and 15 levels and comprising about 20,000 square metres of office space.

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Ubertas Unveils $450 Million Mixed Use Building Opposite Flagstaff Gardens, Melbourne

PRIVATE developer Ubertas has revealed plans for a $450 million mixed-use tower opposite the Flagstaff Gardens, in the Melbourne CBD.

The Fender Katsalidis Architect designed tower planned for 350 William Street will rise 50-levels, and include 626 apartments, 20,900 square metres of office space, 940 square metres of ground floor retail. 460 car park bays and 185 bicycle parking spaces.

Half the apartments will be “studio” serviced apartments (ie, no separate bedroom) whereas the balance will be standard “own your own” apartments which may be lived in, or rented out as an investment.

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