Commercial and residential property news
Revenue generated by licensed pubs, hotels and entertainment venues following the introduction of indoor smoking bans has dropped between 6 to 8 per cent, in the first weeks following its July 1 introduction.
Read morePrivate investors spent more than $12 million in Melbourne’s inner eastern suburbs this week, buying retail showrooms, office buildings and development sites.
Read moreThe once troubled Box Hill office market is enjoying record low vacancy, after a string of lease deals totaling almost 3000 square metres.
The biggest deals were to software management group ManageSoft, which will lease 728 square metres at 18 – 20 Prospect Street, and healthcare merchandiser Melaleuca, which will lease 506 square metres at 826 Whitehorse Road.
Read moreDevelopers of strata office suites have been given something to smile about, with two of the biggest developments under construction in the CBD and suburbs selling out during construction.
Read moreA suburb from each of the city, coast and country was represented in the list of Victorian suburbs, to record the strongest growth in property values last year.
Read morePrestigious eastern suburb college Mount Scopus is on the verge of selling a Caulfield North mansion and development site it had intended to use as a new school campus. Teska Carson selling agent Michael Ludski, who is marketing the property with Gross Waddell’s Michael Gross, says a decision is days away.
Read moreSelling agents are still tight lipped about which white knight has saved one of South Yarra’s most significant homes from falling into private hands.
Read moreValad Property Group is understood to be close to buying a portfolio of properties owned by one of Australia’s largest syndicators, Australian Unity, in a deal worth more than $40 million.
Read moreDeveloper Morry Schwartz is understood to have paid $5 million for a small CBD office building, he plans to turn into a residential apartment tower.
Read moreFindings from a Macquarie Direct Property financial adviser survey released this week, show commercial property in Europe will present the best growth opportunity for property investors in 2007.
Read moreA relatively small lease deal to Japanese trading company Mitsui, may have just filled Investa’s 120 Collins Street office building.
Read moreBecton Property Group is continuing its push into the lucrative aged care market, picking up a Caulfield North development site for more than twice the price the vendor paid for it last year.
Read moreFormer Melbourne Football Club champion Andrew Leoncelli has joined boutique property developer Hamton, as a development manager.
Read moreOlympian and Victorian parliamentarian Kirstie Marshall has snapped up a 470 square metre block of land near the Mount Hotham ski slopes.
Read moreComedian Peter Helliar has sold his Montmorency property two weeks before a scheduled auction.
The 3-bedroom plus study home, sits on a sizeable block of land on the outskirts of Montmorency, near the Eltham border in Melbourne’s north-east.
Read moreDISCOUNT store shopping mecca Bridge Road has topped a new retail survey, recording the lowest vacancy rate of eleven suburban shopping strips.
Read moreShopping centre owners aren’t acting fast enough to reduce the environmental impact of their properties, because there is no financial incentive for them to do so.
Read moreMelbourne-based agencies won three of five national awards, at last week’s DB RREEF Excellence in Agency Awards, held in Sydney last week.
Read moreMelbourne based developer Pace Developments is tipped to be the mystery buyer of a prime retail development site in Mordialloc’s main shopping strip, in a deal worth $5.73 million.
Read moreLess than a week after winning a $150 million contract to operate Victoria’s controversial traffic camera system, British-based Serco is in the market for more office space, and quickly.
Read morePlans for a boutique apartment building in the city’s north-eastern tip may be resurrected, after a developer paid almost three times the reserve price for a site, adjoining another it had slated for an 11-storey residential building.
Read moreMeanwhile, on the other side of the Yarra River, Herald and Weekly Times has formally come to the market with an 18,000 square metre office leasing requirement – the third biggest in Melbourne at the moment.
Read moreBudding Melbourne-based call centre operator SalesForce is understood to have leased the former Qantas office building at 50 Franklin Street, in an off-market deal negotiated between the building owner and tenant.
Read moreThe sprawling Kangaroo Ground property Richmond Football Club coach Terry Wallace built for his family in 1993, is on the market.
Read moreTriple Olympic medalist, and father to be, Matt Welsh sold his Port Melbourne terrace home after auction last week for $1.1 million.
Read moreGood Guys boss Andrew Muir has put his East Melbourne mansion on the market, in a deal expected to set a new record for the bourgeoisies suburb.
Read moreBoutique architect and developer Stonehenge has sold two neighbouring office buildings in Clarke Street South Melbourne for $7.55 million.
Read moreAfter announcing it would wind down its local manufacturing base, sleepwear and leisurewear clothes manufacturer Givoni is selling its Sandringham headquarters.
Read moreReceivers for failed property finance company Westwater Property have put the company’s last two development sites on the market, in deals expected to recover more than $10 million.
Read moreSure to whet the appetite of stock starved investors, The Foundry development on Bourke Street is expected to be put to the market this week, in a deal which could reap vendor Donnelly Group around $140 million.
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