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.
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Singaporean Investor Buys Centre Way Building on Collins Street for $34.1 Million
A Singaporean investor has paid $34.1 million on a low passing yield of 5.5% for the Centre Way building on
Read moreMelbourne Prestige Residential Auction Round up
A house in Towers Road Toorak, a hop skip and a jump from the mansion of former Carlton Football Club
Read moreDevine Buys Residential Development Site in Pakenham
Queensland-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 moreShepparton Hotel Burns Down
The 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 Fail to Impress
Auction clearance rates fell in Sydney but stabilised in Melbourne this weekend.
Read moreASX Listed Company Buys Property in South Australia Wine Region
ASX-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 moreBungaree Homestead in South Australia Sells for Almost $7 Million
The 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 moreHope Island’s “Sails” Mansion Fails to Sell at Auction
“Sails”, the Hope Island Queensland mansion was passed in at auction last Saturday December 1.
Read moreMore Student Accommodation for Carlton
Melbourne 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 moreISPT to Lease Outgoing AXA Collins Street Building
Yet 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 moreUbertas Buys St KIlda Road Office Building, Plans Luxury Apartments
Boutique 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 morePrivate Investor Pays $22m For Abbotsford Office Building
A Melbourne-based private investor has outmuscled syndicates and institutions for a large office building on the banks of the Yarra River in Abbotsford.
Read morePrice of Port Melbourne Bank Home Smashes Record
Chisholm & 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 moreBrighton Prestige Residential Market on Fire
The 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 moreCanterbury Mansion of Anthony Podesta Fails to Sell After Expression of Interest Campaign
Any 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 moreStawell House of Former Cricketer on the Market
The former family home of Stawells most famous sporting export, Leslie OBrien Fleetwood-Smith, has been put on the market for sale.
Read moreLooksmart Founder Turned ALP Member Smashes Record for Kew House
Described 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 moreWolfstep to Build Surrey Hills Office
Boutique 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 moreControversial Colliers Resignation Confuses Industry
The 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 moreHerald & Weekly Times May Follow Fairfax to Docklands
Following 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 moreColliers International Founder Bill McHarg’s Controversial Resignation Claims Corporate Casualty
The fallout from Bill McHargs shock resignation from Colliers International last week, has now claimed its first corporate casualty.
Read moreFujitsu May Relocate Offices to Docklands
Fujitsu 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 moreBuyer of Crathe House Mansion Revealed
The 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 moreLuxury St Kilda Apartment Fetches $10 Million
For the second time this year, a new price record has been set for a St Kilda Road apartment.
Read moreSt Andrew’s Golf Course House For Sale
Here’s an investment which would have to rank above par.
Read moreMore Office Leasing in Hawthorn
Tenants 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 moreFKP to Sell TAC’s Geelong Headquarters
A 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 moreAmcor has Hawthorn Office in Box Seat
THE packaging company that colluded with Melbourne billionaire Richard Pratt’s Visy group to fix prices is looking for new offices.
Read morePunt Hill to Open 127 Serviced Apartments
The Punt Hill Group has announced plans to build 127 new serviced apartment rooms, in two separate projects in Melbourne’s south-eastern suburbs.
Read moreSell off on Brighton’s Esplanade
Prospective Brighton’s Esplanade buyers are spoilt for choice at the moment.
Read morePamela Anderson House Sold
On 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 moreMoving Experience for Vizard
All 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 moreInterest Rate Rise Affects Renters too
The 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 moreColliers International Brings Melbourne Cup Celebrations to Sydney
While 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 morePellicano Sells Notting Hill Office Warehouses
Melbourne-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 Shops at Chevron Development Sold
Five 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 moreSale of Astor Theatre May Mean Curtains for Historic Cinema
Fifty 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 moreFKP Walks Kokoda Trail for Charity
Staff 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 moreGlyndyn Ringrose Sells Phillip Island Home
Former 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 moreBaker Group Buys South Yarra Car Wash
Private investment company The Baker Group has paid $4.15 million for a busy car wash in Punt Road South Yarra.
Read moreTwo Service Station Sites Sell
Two service station in Melbourne’s eastern suburbs have sold in deals worth more than $9 million.
Read moreANZ Rabinov Property Management Buys Derrimut Factory
The 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 Experiencing Office Development Boom
Melbourne 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 St Kilda Road Office Building
Challenger could sell a St Kilda Road “problem building” it bought just five years ago, if the price is right.
Read moreFormer Kraft Factory in Broadmeadows to be Redeveloped
The 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 moreGPT May Lose Major Tenant at Collins Street Building
There’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 moreAustralian Gardener Wes Fleming Sells City Apartment
The man who proved Australian garden designers are the best in the world, is selling his city warehouse and heading bush.
Read moreAustralian Property Institute Appoints New Executive Officer
The 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 moreCharles Parsons Leases at Pinewood Shopping Centre Mount Waverley
Textile 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 moreVillage City Centre Sells to Private Developer
Private developer Les Smith is believed to be the mystery buyer of the Village City Centre in Bourke Street.
Read moreEspy Apartment Penthouse Asks $5.85 Million
A pricetag of $5.85 million has been slapped on the last remaining penthouse at the controversial Esplanade Apartment complex in St Kilda.
Read moreMelbourne’s Newest Suburb
The Wyndham Council is expected to approve the name Williams Landing, as Melbourne’s newest suburb at a meeting on Monday May 14.
Read moreMore Stamp Duty Relief Needed
Property 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 moreFormer Deakin University Mansion to be Sold
Stonington, 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 moreVictorian State Government Sells Carrum Downs Industrial Development Site
The State Government has offloaded an industrial development site in the outer south eastern suburb of Carrum Downs for $2.775 million.
Read moreCoburg Site to be Developed into Home Maker Centre
The former Lincoln Mills industrial site in Coburg is to be redeveloped into a $20 million homemaker centre.
Read moreSouth Melbourne Office Building Sells
A 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 moreRetail Leasing Activity at QV
The retail component of QV is undergoing a recovery, with two major high end retailers committing to space on Albert Coates Lane.
Read moreAbbotsford Development Site Going Going Gone
A 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 moreSullivans Property Sold
A piece of Australian television history sold at auction last week.
Read moreSouthbank Apartment Tower Gets Green Light
There’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 Executive Buys in Berry Street East Melbourne
Former 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 moreMelbourne Waterfront Property Sales Boom
Prospective buyers of waterfront homes are in luck – with luxury properties in all directions of the CBD recently being listed for sale.
Read moreSouthbank Penthouse Apartment to be Sold
The penthouse in what is believed to be Southbank’s first high rise apartment complex near Crown Casino, has been put to the market.
Read moreRose Porteous Building Prix D’Amour in Toorak?
One 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 Told to Build Green
Suburban 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 moreSuburban Office Sales Boom
Three suburban office buildings in Melbourne’s eastern suburbs have been sold, or are close to sale, in deals worth more than $40 million.
Read moreRussell Street Shops Sells on Record Low Yield
A Russell Street shop has sold on a reportedly record low yield of 1.85 per cent.
Read moreMcConnell Dowell Leases More Office Space in Hawthorn
Engineering, 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 moreZagame 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.
Read moreWine Cellar For Salta Properties Mercy Hospital Redevelopment
Salta Properties is sparing no expense with its luxury redevelopment of the Mercy Hospital site in East Melbourne.
Read moreGraham Underwood Buys Mount Hotham Home For $2 Million
Melbourne-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 Company Leases Industrial Space at Laverton North
German-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 moreLast of Westpoint’s Assets Sell
The last property asset of failed developer Westpoint is believed to have sold to local private investor Harry Chua for $2.7 million.
Read moreFolkestone Onsells Retail Shopping Centre in Sorrento
Listed 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 moreRamsay Health Care May Buy Prahran Medical Centre
Meanwhile, 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 moreMelbourne University Buys Carlton Office Building For $26.4 Million
The 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 moreMAB Corporation Executives Smudge Footprint in Bundoora Development
Minister for Planning Justin Madden, and executives at developer MAB Corporation smudged themselves a permanent footprint in Bundoora this week.
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