Zagame Buys West Melbourne Site
The Zagame Automotive Group has outbid developers for a prominent city-fringe development site, paying $14 million for a West Melbourne property it plans to use as a large luxury car showroom.
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Private Investor Spending Splurge
Private investors spent more than $12 million in Melbourne’s inner eastern suburbs this week, buying retail showrooms, office buildings and development sites.
Read moreHawthorn Volkswagen Snapped up by Private Investor
It’s not unusual for Volkswagen dealers to see the odd millionaire walk through its showrooms. But few could have imagined the sheer net worth of investors “tyre kicking” its Hawthorn dealership, which was recently put to the market.
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