Ford to Sell Prominent Footscray Site
A prominent block for sale in Footscray and could make way for a $200 million development of high-rise apartments, offices and shops.
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Watpac Proposes $50m Development, Chapel Street
Less than a year after it acquired Melbourne-based construction company JA Dodd, Queensland-based developer Watpac has snapped up a Chapel Street development site it plans to convert into a $50 million mixed-use project.
Read moreSouth Pacific Tyres Factory, Somerton, to be Sold
Six weeks after announcing it would shut its Somerton site, Goodyear has put its South Pacific Tyres factory on the market.
Read moreFrench Inspired Development in Brighton
Prahran-based architect Robert Mills said a "study tour" in France helped inspire his latest design in Brighton. He says the look he is trying to achieve at the "Provence" (right) development at 15-17 Bent Street is in keeping with the current French trend, that is, "an historic villa that has undergone a major renovation inside".
Read moreYarra Community Housing Lodges Application for Carlton High Rise
Four months after the Yarra Community Housing bought the Timber Hardware Exchange centre in Carlton, plans have been lodged to build an 11-storey building for Melbourne’s homeless.
Read moreSecret Life of Us Block for sale
A block of flats used in television series The Secret Life of Us is for sale. Inverleith, at 14A Acland Street,
Read moreWadhawan Group Buys Third Melbourne Development Site
Indian billionaire Rakesh Wadhawan is continuing to hand-pick first-rate development sites in Melbourne, adding a beachfront Middle Park property to his growing portfolio.
Read moreLooks Like The End For Historic Avalon Mansion, Queens Road
A Macquarie Bank-led consortium has said it will not incorporate a historic Queens Road mansion into a proposed high-rise apartment building in Queens Road, opposite Albert Park Lake.
Read moreSplit Threatens Real Estate Institute
A major split has developed within the Real Estate Institute of Victoria, with its biggest member threatening to withdraw over ethical concerns that the industry group allegedly underquoted one of its own properties – potentially breaking the law.
Read moreWorse Before it Gets Better for St Kilda Road Offices
It is about to get worse before it gets better for the St Kilda Road office market, which is expected to record a sharp increase in vacancies over the next 12 months because of an exodus of tenants.
Read moreApartment Buyers Looking South of the Yarra for Choice
Marshall White director and selling agent Marcus Chiminello has been recruited to move residents from luxury apartments in Stonnington, south of the Yarra River, to similar quality apartments in Boroondara, north of the water.
Read moreSt Kilda’s Legs Building Unveiled
Eight years after TV star Pamela Anderson’s face appeared on the facade of a St Kilda West house, SJB Architects has unveiled its "Legs" building, nearby at 30 The Esplanade.
Read moreVCAT Approves Macquarie Office Tower For Collins Street
Macquarie Office Trust is one step closer to building its controversial 171 Collins Street office building after the Victorian Civil and Administrative Tribunal ordered a permit be issued for the 17-level glass office tower.
Read moreBecton Sells Truganina Site to Queensland Based Walter Elliott
Listed property group Becton is believed to have offloaded a residential development site in Truganina, some 20 kilometres west of Melbourne.
Read moreCaydon Property Buys Prominent Richmond Site, $50 Million Mixed Use Development Planned
Melbourne-based developer Caydon Property will build a $50 million mixed use building on the banks of the Yarra River, in Cremorne.
Read moreSouth Yarra Stables to be Redeveloped
The only known surviving example of municipal stables in Victoria, nestled inside a former South Yarra council transfer station, will be developed into townhouses under plans by boutique developer R. Corporation.
Read moreControversial Flemington House Put to the Market For Sale
The house at the centre of widespread community outrage three years ago has been quietly put on the market.
Read moreIntrepid Travel Looks at Richmond Offices
Adventure travel company Intrepid Travel is believed to be considering a 3000 sq m office lease deal at Salta Property Group’s new 649 Victoria Street building, opposite Victoria Gardens in Richmond.
Read moreCostco to Open in Docklands by Mid 2009
Costco has confirmed it would open its first Australian store at Docklands by the middle of next year.
Read moreCar Park Cafe Owner Buys Observatory Cafe, Royal Botanic Gardens
Avionics engineer turned restaurateur George Koumantakis has beaten a throng of hospitality operators to buy one of Melbourne’s most prominent restaurants.
Read moreVictoria Street Richmond Shopping Strip Set for Rejuvenation
It has never been Melbourne’s prettiest inner-city strip, but Victoria Street, where Richmond meets Abbotsford, may be in for a change of fortune.
Read moreAustralian Red Cross to Build New North Melbourne Headquarters
The Australian Red Cross has abandoned plans to move its offices to Docklands and will instead develop its substantial North Melbourne holding into a $65 million national headquarters.
Read moreLinksLiving Says it Won’t Sell Geelong Golf Course
Golf course-based residential developer LinksLiving has put to rest speculation it will sell its 45-hectare Geelong Golf Course, despite the site multiplying in value by more than 10 times since the company bought it in 2003.
Read moreRetail Strip Sales Strong
At least one private investor has some faith in a Liberal Party politician, buying the Bay Street retail shop in Brighton leased to MP Louise Asher for $1.04 million, on a low 1.8% yield.
Read moreAlley Building, Flinders Lane, Sold For $10.25 Million
THE art deco Alley Building, on the corner of Exhibition Street and opposite the Collins Place twin towers, has been snapped up by a private investor for $10.25 million.
Read moreLoreto Sisters Accommodation House to Become Albert Park Mansions
THE mystery buyer to fork out $10.1 million for three adjoining St Vincent Place terrace houses – used by the Loreto Sisters religious order as an office and accommodation – plans to convert them back to their former glory.
Read moreSt Andrew’s Golf Club to Fetch More Than $50 Million for Administrators
Administrators for failed golf club developer Golf Club Proper-ties are hoping to reap about $50 million in cash from the sale of the St Andrews Golf Course and resort on the Mornington Peninsula, which was finally put to the market this week.
Read moreACSO Leases Highest Profile Suburban Office Building in Melbourne
Government affiliated department the Australian Community Support Organisation has leased what is arguably Melbourne’s highest profile suburban office building.
Read morePrimelife Move Sparks Tenant Merry-go-Round in the CBD and South
The once beleaguered Primelife Property Group wants to leave bad memories behind it and start afresh in a new office building.
Read moreGE Real Estate to Sell 553 St Kilda Road
GE Real Estate is banking on the St Kilda Road office market to remain robust, while it flogs a part empty building at #553, known since September 11 2001 as the American Consulate General office.
Read moreGoods Shed North Plans Announced by VicUrban
Docklands will get a taste of Marvellous Melbourne as the rejuvenation of the heritage-listed 1889 NO.2 Railway Goods Shed creates a new village-style precinct of shops and cafes.
Read moreLend Lease Achieves 6 Star Green Star Rating For The Gauge
The Green Building Council of Australia (GBCA) has awarded The Gauge, the evolutionary new Lend Lease commercial development at 825 Bourke Street, Victoria Harbour, Melbourne, a 6 Star Green Star – Office Design Certified Rating – recognising world leadership.
Read moreSteven Spielberg, Tom Hanks Lease Curtin House, For 1000 Person Party
Prospective retail investors had to organise inspection times around award winning movie director Steven Spielberg and actor Tom Hanks last month, after the duo booked out the whole Curtin House building in Swanston Street, for a 1000-person party.
Read moreSmaller Banks Make Inroads in Home Lending Sector
Smaller banks and non-bank lenders are starting to make inroads in the Australian mortgage market, with the Big 4 banks losing share for the first time in over a year, according to leading mortgage broker group Smartline’s March 2008 quarter trends report.
Read moreGE Real Estate to Sell 90 Collins Street
GE Real Estate is expecting to make just a modest profit from the sale of a Collins Street office building it bought at the peak of the property cycle in December 2006.
Read moreOld Tip Top Bakery Factory to be Redeveloped, Finally
It’s been dubbed the unluckiest development site in Australia, but one Queensland-based developer is hoping to make a crust from the former Tip Top Bakery site in East Brunswick.
Read moreReport Card: Performance of Melbourne’s Real Estate Market in 2008
Poor turnouts to auctions.
Fewer bidders. And a generally high level of caution.
The performance of Melbourne’s real estate market since our Spring review six months ago has caught sellers, buyers and agents by surprise.
Read moreCentral Equity Sells Pakenham Development Site For $24 Million
Recently privatised developer Central Equity has made more than $24 million from the disposal of a “non-core” residential development site, in the outer south eastern township of Pakenham.
Read moreMarina Berths at Docklands a Sales Success
It’s the place Lloyd Williams keeps his monster boat – when it’s not parked in the south of France.
Read moreRegus Takes Over Serviced Offices at Como, South Yarra
Fancy a bit of celebrity spotting on your lunch break?
Serviced office provider Regus has opened its fifth office in Melbourne, taking over a lease for two levels at Chapel Street’s Como building, home to Channel Ten.
Read moreValad no Longer in Running For 469 La Trobe Street
The Valad Property group is believed to have abandoned plans to buy the 469 La Trobe Street office building, after concerns the $80 million price it offered for the asset was too high.
Read moreKenny Thorburn Resigns From CBRE, Establishes Thorburn Commercial Property
High billing CB Richard Ellis director Kenny Thorburn has resigned the city fringe leasing position he held for nine years.
Read moreFormer State Liberal Leader Robert Doyles Sells Out of Armadale
Former state Liberal leader Robert Doyle ended up selling his home in Armadale after it passed in at auction last weekend.
Read moreWest Melbourne Development Site Sells
A small development site in the burgeoning inner-city suburb of West Melbourne has sold to a local private developer for $3.5 million.
Read moreZero Emissions Building Brainstormed For Richmond Train Station, Melbourne
Professional services firm GHD has delivered a proposal for an emission-free office building, to be developed on top of the busy Richmond train station, in Melbourne’s inner-east.
Read moreErdigroup Pays $18.25 Million For St Kilda’s Marque Hotel
Private investor the Erdigroup has paid $18.25 million for St Kilda’s Marque Hotel, on Fitzroy Street.
Read moreAPN Property Group to Sell Half Interest in 567 Collins Street
Ten days after announcing it secured law firm Allens Arthur Robinson as a tenant for a Collins Street office building it hasn’t started building yet, APN Property Group will sell a 50 per cent interest in the asset.
Read moreLend Lease acquires Craigieburn Town Centre in Melbourne For $73.5 Million
Lend Lease and the Lend Lease managed Australian Prime Property Fund Retail (“APPF Retail”) today announced they have purchased a major development site designated as a regional town centre with residential opportunity. The end value of the mixed use town centre is estimated at approximately A$400 million.
The site was acquired 100% from Valad Property Group for A$73.5 million.
Read morePiggery Near Bendigo up For Grabs
For a price of about $4.4 million, one lucky tree-changer can buy themselves a near new, commercial-scale piggery in Pyramid Hill, about an hour north of Bendigo.
Read moreSouth East Stadium Precinct of Docklands, Set For $700 Million Redevelopment
One of Dockland’s last remaining – and most prominent – development sites will become a $700 million mixed use development, under ambitious new plans by the consortium vying to buy the site.
Read moreAustereo Refurb to Cost $15 Million
The Austereo Group will fork out more than $15 million fitting out its new 3000 square metre offices in Clarendon Street, in a move that will make the building the most advanced radio studio in the world.
Read moreNorthcote’s Acacia on the Park Selling Out
Almost two thirds of the apartments in Northcote’s controversial Acacia on the Park development have sold, just three weeks after marketing for the project commenced.
Read moreAustralia Post Branch in Coburg Sells For $1.112 Million
Gross Waddell Pty Ltd successfully sold at auction yesterday, the Australia Post outlet located at Unit 5, 435 – 437 Sydney Road, Coburg for $1,112,000.00 on a yield of 7%.
Read moreValad Property Group to Pay $80 Million For 469 LaTrobe Street
Valad Property Group is believed to have paid around $80 million to buy the 469 LaTrobe Street office building in the Melbourne CBD, off Investa Property Group.
Read moreQuest Serviced Apartments to move to Docklands
Pan Urban and the Halim Group have entered into a Development Agreement with VicUrban to develop a $300 million mixed use building located on the North East Stadium Precinct, Docklands, to be known as Lacrosse Docklands.
Read moreFlood of B-Grade Office Buildings to Hit The Market
According to research from Colliers International, this year will be about reducing debt and realigning portfolios for some of Australia’s largest property institutions with exposure to the Melbourne CBD office sector.
Read moreFlinders Hotel Sold
Just how do you tell businessman John Elliott he can’t light a cigarette in your pub?
Read moreAward Winning Warehouse to go Under the Hammer
A Richmond warehouse designed by award winning architect Multiplicity is expected to sell for around $900,000 when it goes to auction next month.
Read moreLeighton Adds to Suburban Strata Office Boom
Melbourne’s strata office building boom looks like continuing into 2008, with heavyweight developer Leighton Properties confirming it will start construction of a 4000 square metre building in south-eastern suburb of Cheltenham.
Read moreAustralian Unity Buys More Sites, Retirement Villages Planned
Australian Unity Retirement Living is continuing its push into the Victorian market, paying almost $50 million for two retirement village development sites in Melbourne’s outer south-eastern suburbs.
Read morePaul Kelly’s View Over The Bridge Changed Forever
Now, when Paul Kelly looks over the bridge to the MCG, he’ll see a Nylex clock – and high rise apartments.
Read moreMirvac Confirms Purchase of Austral Bricks Site, Scoresby for $100 million
In a move that indicates a significant growth strategy for Mirvac in 2008, the Mirvac Wholesale Residential Development Partnership (MWRDP) today announced it has acquired a key site in Scoresby, Melbourne, for approximately $100 million.
Read moreWhat is Melbourne 2030 – a Summary
Melbourne 2030 – planning for sustainable growth is a 30-year plan to manage growth and change across metropolitan Melbourne and the surrounding region. It emphasises the city’s interdependence with regional Victoria, to provide maximum benefit to the whole State.
Read moreCarlton United Beverages to Sell Property Around Abbotsford Brewery
Hot on the heels of its $208 million sale of Sydney’s Carlton & United Beverages brewery site to Singapore-based Fraser Properties in June, the Foster’s Group is about to put a portfolio of Melbourne inner city buildings on the market.
Read moreMacquarie CountryWide Posts Record Annual Profit
The $5 billion Macquarie CountryWide Trust yesterday delivered a record annual profit of $493 million, up 59 per cent from last year. A distribution of 7.80 cents per ordinary unit will be paid today, for the half year ending 30 June 2007.
Read moreWorst House Best Street in Toorak
It was with some amusement Secret Agent read real estate agency Jellis Craig’s blurb for a ripe-for-demolition home in one of Toorak’s best streets.
Read moreTelstra Leases Former Oracle Office at 324 St Kilda Road
Telecommunications giant Telstra has swooped in on almost 8000 square metres of St Kilda Road office space, recently vacated by IT-group Oracle.
Read moreLabelmakers Campbellfield Factory Leased
Two industrial tenants have moved into factories formerly occupied by Australia’s biggest wine label maker, Labelmakers.
Read moreDevine Limited Buys Residential Development Site in Tarneit
Queensland-based developer Devine Limited has paid $36.85 million for a 62-hectare residential development site in the south-western suburb of Tarneit.
Read moreMelbourne City Council to Sell Surf Dive n’ Ski Store in Bourke Street
Melbourne City Council may have found a way to retire some of its ballooning debt, confirming this week it would put a prime Bourke Street shop and office building on the market.
Read moreRussell Morris to Sell Balwyn Home
Former Hawthorn and St Kilda footballer Russell Morris is the latest AFL identity to bid farewell to the leafy eastern suburb of Balwyn.
Read morePaul Little Buys South Yarra Office Building
Proving that private investors haven’t been muscled out of the commercial property market by listed property developers, just yet, Toll Holdings managing director Paul Little is believed to have paid $33 million for a B-grade office building in a bustling pocket of South Yarra.
Read moreBrighton Property Prices Increase for Warne Family
Proving time has its rewards in Brighton’s real estate game is cricketer Shane Warne, and entertainer wife Simone.
Read moreGrocon Deals With Controversial Planning Controls
Planning controls have come under the spotlight again, after it was revealed this week developer Grocon will bypass public consultation over its redevelopment of a 2 hectare site on the CBD fringe.
Read moreGoodman Opens Hi-Tech Facility in Notting Hill
Goodman Group (“Goodman”) is pleased to announce Heidelberg Australia/New Zealand (HAN) have commenced occupancy at Ferntree Business Park, Notting Hill.
Read moreBroadmeadows Development Site Sells
JR and Sue Ellen were nowhere to be seen, but in Dallas, Melbourne this week, at least one private investor found himself filthy rich.
Read moreThe Future of Melbourne’s Northern Suburb Office Market
Melbourne businesses ambassadors including television personality Eddie McGuire and Crazy John founder John Ilhan will be guests at a luncheon next month, discussing the future of office accommodation in Melbourne’s northern suburbs.
Read moreMacmillan Press Building South Yarra to be Sold
Hot on the heels of the $33 million sale of ANZ’s Data Centre on Toorak Road, private developer Michael Yates is about to sell a part of his substantial South Yarra property portfolio, in a deal which could net him about $15 million.
Read morePlus Architecture Wins New York Contract
Boutique Melbourne-based architect firm Plus Architecture is about to make its mark on the big apple, winning a contract to design a cultural centre in New York.
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