Peet Acquires Land in Melbourne’s West For $40 Million
Peet Limited has acquired 64 hectares of strategically located land earmarked for industrial development, just out of Melbourne.
Read morePeet Limited has acquired 64 hectares of strategically located land earmarked for industrial development, just out of Melbourne.
Read moreA Singaporean investor has paid $34.1 million on a low passing yield of 5.5% for the Centre Way building on
Read moreA house in Towers Road Toorak, a hop skip and a jump from the mansion of former Carlton Football Club
Read moreQueensland-based residential property group Devine has paid $20.7 million for a 43.65 hectare development site in Melbourne’s outer south-eastern suburb of Pakenham.
Read moreThe historic Shepparton Hotel is set for a date with a bulldozer, after a major fire burned through it over the weekend.
Read moreAuction clearance rates fell in Sydney but stabilised in Melbourne this weekend.
Read moreASX-listed Cheviot Kirribilly Vineyard Property Group has paid $2.3 million for lot 50 Woodstock Road in the Langhorne Creek Wine Region of South Australia.
Read moreThe Old North Bungaree homestead and estate in South Australia has sold for almost $7 million, in a deal negotiated by Elders Real Estates Rob Stephens.
Read more“Sails”, the Hope Island Queensland mansion was passed in at auction last Saturday December 1.
Read moreMelbourne City Council may have found a way to add much needed student accommodation housing, without taking away from the character of the inner northern suburb of Carlton.
Read moreYet another large chunk of office space is about to become available in central Collins Street, with Industry Superannuation Property Trust confirming it will market almost 31,000 square metres of office space at 447 Collins Street, soon to be vacated by financial services giant AXA.
Read moreBoutique apartment developer Ubertas has made its second foray into the St Kilda Road market, picking up the former Roche Brothers building at 568 St Kilda Road, for a price believed to be more than $15 million.
Read moreA Melbourne-based private investor has outmuscled syndicates and institutions for a large office building on the banks of the Yarra River in Abbotsford.
Read moreChisholm & Gamon agent Christine Nicholson found a reason to open a bottle of bubbly last weekend, breaking her own record price for a famous Bank Home, in the Garden City precinct of Port Melbourne.
Read moreThe top end of the market has been on fire this week – alleviating any concerns rising interest rates, an uncertain share market or even a new political party could destabilise the booming market.
Read moreAny chance of a new price record being set in the leafy eastern suburb of Canterbury looks unlikely to occur anytime soon, after the Monomeath Avenue mansion of business identity Anthony Podesta failed to sell after an expression of interest campaign.
Read moreThe former family home of Stawells most famous sporting export, Leslie OBrien Fleetwood-Smith, has been put on the market for sale.
Read moreDescribed as one of the 100 most influential people in the digital world, businessman turned politician Evan Thornley, and wife Tracey Ellery, are believed to have quietly smashed the record for a house price in Kew.
Read moreBoutique office building developer Wolfstep is continuing its push into the eastern and south-eastern suburbs, announcing plans this week for a $10 million strata office building in Surrey Hills.
Read moreThe jury is still out as to whether Colliers International founder Bill McHarg was forced to resign his position from the companys board, the day before a controversial advertising campaign, personally attacking Prime Minister John Howards performance on the matter of climate change was launched last week.
Read moreFollowing in the footsteps of rival newspaper The Age which recently leased a new building at Docklands, speculation is mounting this week that the Herald & Weekly Times, publisher of The Herald Sun, is looking to move across the road from its main rival.
Read moreThe fallout from Bill McHargs shock resignation from Colliers International last week, has now claimed its first corporate casualty.
Read moreFujitsu may have delivered developer Lend Lease an early Christmas present, by leasing all remaining office space in a Docklands building currently under construction at 825 Bourke Street.
Read moreThe woman who bought the Crathre House mansion in East Melbourne has been revealed as the same buyer who famously sold her Toorak house to a neighbour for almost $7 million, so that he can demolish it and erect a tennis court.
Read moreFor the second time this year, a new price record has been set for a St Kilda Road apartment.
Read moreHere’s an investment which would have to rank above par.
Read moreTenants wanting to lease more than 1000 square metres of space in Hawthorn may be forced to look at the plethora of new office buildings under construction, after a string of leases soaks up what limited existing office space is left in the eastern suburb.
Read moreA year after winning the rights to develop the Transport Accident Commission’s new Geelong headquarters, developer and fund manager FKP is motoring out of Geelong and selling the building.
Read moreTHE packaging company that colluded with Melbourne billionaire Richard Pratt’s Visy group to fix prices is looking for new offices.
Read moreThe Punt Hill Group has announced plans to build 127 new serviced apartment rooms, in two separate projects in Melbourne’s south-eastern suburbs.
Read moreProspective Brighton’s Esplanade buyers are spoilt for choice at the moment.
Read moreOn the topic of iconic homes – the “Pamela Anderson House” in St Kilda West has sold off market, after an auction last month failed to attract one single bid.
Read moreAll eyes turn to Toorak this month, with the pressure on for disgraced businessman Steve Vizard to find himself a new family home, and soon.
Read moreThe announcement by the Reserve Bank of Australia this week to increase interest rates 0.25 per cent affects renters as much as it does home owners, property managers have warned.
Read moreWhile the Spring Racing Carnival is considered one of the Melbourne’s best events to schmooze interstate and international guests, directors at one of city’s biggest commercial agencies found a way to bring Melbourne’s equine mania, to Sydney Harbour.
Read moreMelbourne-based developer the Pellicano Group has made more than $8 million from the sale of 17 strata office suites, at a Notting Hill business park.
Read moreFive retail shops on the ground floor of St Kilda Roads Chevron Hotel have sold via an expression of interest campaign, in deals worth more than $6 million.
Read moreFifty years ago, developers wanted to replace the grand old Astor Theatre with its traditional stalls and dress circle, with a bowling alley or library. Now developers are eyeing the cinema block as a site for high-rise apartments.
Read moreStaff at developer FKP may be walking around their Hawthorn offices a little slower this week, after returning from a 9 day trek of the Kokoda Trail in Papua New Guinea.
Read moreFormer world professional surfer Glyndyn Ringrose and wife Kate will bid farewell to Cape Woolamai next month. The championship surfer, who manages Phillip Island’s Island Surfboard store (which once competed with another surf store owned by Skyhooks lead singer and keen surfer Shirley Straun), is moving locally.
Read morePrivate investment company The Baker Group has paid $4.15 million for a busy car wash in Punt Road South Yarra.
Read moreTwo service station in Melbourne’s eastern suburbs have sold in deals worth more than $9 million.
Read moreThe ANZ Rabinov Property Management has purchased a 14,000 square metre distribution facility in the western suburb of Derrimut, leased to tyre manufacturer Bridgestone Australia, in a deal worth an estimated $16 million.
Read moreMelbourne is experiencing a surge in speculative office development, with more than 140,000 square metres of new supply expected to come on line in the city and suburbs over the next 18 months.
Read moreChallenger could sell a St Kilda Road “problem building” it bought just five years ago, if the price is right.
Read moreThe former Kraft factory in Broadmeadows will make way for a $25 million industrial park, with three tenants already committing to more than 15,000 square metres of space.
Read moreThere’s more bad news ahead for General Property Trust, with another tenant wanting out of the former Australian Stock Exchange building at 530 Collins Street.
Read moreThe man who proved Australian garden designers are the best in the world, is selling his city warehouse and heading bush.
Read moreThe Australian Property Institute has appointed industry veteran Peter Ralton as executive officer of the Victorian Division of the Australian Property Institute. President Milton Cations said the appointment is the latest in a string of major changes to the staffing structure of the Institute.
Read moreTextile supplier Charles Parsons is believed to be in advanced negotiations to lease around 3800 square metres of space at the former AGL House near the Pinewood Shopping Centre in Centreway Mount Waverley.
Read morePrivate developer Les Smith is believed to be the mystery buyer of the Village City Centre in Bourke Street.
Read moreA pricetag of $5.85 million has been slapped on the last remaining penthouse at the controversial Esplanade Apartment complex in St Kilda.
Read moreThe Wyndham Council is expected to approve the name Williams Landing, as Melbourne’s newest suburb at a meeting on Monday May 14.
Read moreProperty industry groups and real estate agents were disappointed Tuesday’s State Budget didn’t bring cuts in Stamp Duty, particularly for first home buyers.
Read moreStonington, the historic Malvern mansion at the centre of last year’s battle between community lobbyists and the State government, will soon be available for sale for the first time since it was built in 1890.
Read moreThe State Government has offloaded an industrial development site in the outer south eastern suburb of Carrum Downs for $2.775 million.
Read moreThe former Lincoln Mills industrial site in Coburg is to be redeveloped into a $20 million homemaker centre.
Read moreA former banking chamber in Clarendon Street South Melbourne is believed to have sold to a private investor in an off-market deal worth around $3.7 million.
Read moreThe retail component of QV is undergoing a recovery, with two major high end retailers committing to space on Albert Coates Lane.
Read moreA supersized development site in Abbotsford is believed to have changed hands for around $22 million, but insiders are yet to ascertain who the purchaser is.
Read moreA piece of Australian television history sold at auction last week.
Read moreThere’s been a mix of good news and bad in Southbank recently, with one major apartment tower approved, while another has been temporarily shelved.
Read moreFormer Tattersalls chief general manager Peter Gillooly has paid around $3.6 million for a yet-to-be-constructed four-storey townhouse in East Melbourne.
Read moreProspective buyers of waterfront homes are in luck – with luxury properties in all directions of the CBD recently being listed for sale.
Read moreThe penthouse in what is believed to be Southbank’s first high rise apartment complex near Crown Casino, has been put to the market.
Read moreOne of Toorak’s most exclusive streets may get its own Prix D’Amour, if rumours that Rose Porteous is planning to build her next home are correct.
Read moreSuburban office developers and building owners have been warned to go green, or go broke, after a notable shift in sentiment by suburban office tenants to lease environmentally sustainable designed buildings.
Read moreThree suburban office buildings in Melbourne’s eastern suburbs have been sold, or are close to sale, in deals worth more than $40 million.
Read moreA Russell Street shop has sold on a reportedly record low yield of 1.85 per cent.
Read moreEngineering, construction and services group McConnell Dowell has increased the amount of space it will lease at the Vantage office building at 109 Burwood Road in Hawthorn.
Read moreThe 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.
Read moreSalta Properties is sparing no expense with its luxury redevelopment of the Mercy Hospital site in East Melbourne.
Read moreMelbourne-based businessman Graham Underwood has smashed the sale price record for a house in the snow, paying $2.05 million for ‘Under the Moonlight’ – a Giovanni D’Ambrosia designed luxury cabin at Mount Hotham, described as the most dramatic snow home ever built in Australia.
Read moreGerman-based industry products supplier EBM-PAPST Australia Pty Ltd has pre-committed to a 2000 square metre office warehouse building in Laverton North, being developed by Vaughan Constructions.
Read moreThe last property asset of failed developer Westpoint is believed to have sold to local private investor Harry Chua for $2.7 million.
Read moreListed property development and investment company Folkestone is believed to have onsold a retail shopping centre it bought late last year, in the upmarket seaside town of Sorrento.
Read moreMeanwhile, an owner occupier is also expected to be a prominent bidder for a medical centre and large development site in Prahran, in a deal which could be worth more than $7.5 million.
Read moreThe University of Melbourne has bought a Carlton office building it has been occupying as a tenant for 15 years, in a deal believed to be worth around $26.4 million.
Read moreMinister for Planning Justin Madden, and executives at developer MAB Corporation smudged themselves a permanent footprint in Bundoora this week.
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