Melbourne Articles

AGENTS REPORTING STRONG DEMAND FOR MELBOURNE CBD OFFICE SPACE PURCHASES

AGENTS REPORTING STRONG DEMAND FOR MELBOURNE CBD OFFICE SPACE PURCHASES

SEVEN Melbourne CBD offices have recently sold for more than $11 million in total, demonstrating huge demand for central office space in the city.

Colliers International brokered deals for record sums on office spaces in the centre of Melbourne as demand for space increases.

Just last week, office spaces on Lonsdale Street and Colli...

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MELBOURNE SHOPPING CENTRE SELLS FOR $48m AS CHINESE DEMAND RAMPS UP

MELBOURNE SHOPPING CENTRE SELLS FOR $48m AS CHINESE DEMAND RAMPS UP

A MELBOURNE shopping centre has been sold for $48 million, bringing the total spent by Chinese investors on Victorian retail to $380 million over the past 15 months.

The Arena Shopping Centre, in the south-east suburb of Officer, is positioned on a 2.97 hectare site and features 25 speciality retailers, including McDonald's and Woolw...

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'DIGITAL MONSTER' AMAZON CONFIRMS AUSTRALIAN EXPANSION

'DIGITAL MONSTER' AMAZON CONFIRMS AUSTRALIAN EXPANSION

ONLINE retail giant Amazon has finally confirmed the company is launching in Australia to take a major slice of the country's $300 billion sector, as Morgan Stanley warns local retailers they could "get the life squeezed out of them".

The rumour has been circulating for years and, in a brief statement, the company confirmed Amaz...

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FURNITURE DISRUPTOR SET TO SHARE HIS ONE OF A KIND BUSINESS MODEL

FURNITURE DISRUPTOR SET TO SHARE HIS ONE OF A KIND BUSINESS MODEL

IT'S no secret that Australians love homemaking. Their ceaseless quest to create the perfect place to call home contributes to a booming furniture industry worth an estimated $7 billion. However, it is an industry which has long been propped by an overload of Chinese imports, leading to gratuitous amounts of stock stored in expensive ...

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CAR NEXT DOOR LAUNCHES IN BRISBANE AHEAD OF PLANS TO ROLL OUT ACROSS AUSTRALIA

CAR NEXT DOOR LAUNCHES IN BRISBANE AHEAD OF PLANS TO ROLL OUT ACROSS AUSTRALIA

PEER-TO-PEER car sharing startup Car Next Door has launched its Brisbane operation as part of its expansion plans into Australia's major cities.

CarNextDoor.com.au is an online platform that allows car owners to effectively rent their cars out to users as a way of making money on the idle capacity of their vehicles to people who need them...

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ANSELL LAUNCHES ANTI-HIV CONDOM INTO CANADA

ANSELL LAUNCHES ANTI-HIV CONDOM INTO CANADA

ANSELL (ASX: ANN) has teamed up with Melbourne pharmaceutical company Starpharma (ASX: SPL) to launch their anti-viral condom in the Canadian market.

The VitaGel condom, produced by Starpharma and launched under Ansell's LifeStyles brand, has been released already in Australia and will now be introduced into the Canadian market.

The Li...

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CARPARK IN BOOMING WEST MELBOURNE SOLD FOR $25M

CARPARK IN BOOMING WEST MELBOURNE SOLD FOR $25M

A CHINESE developer has purchased a prominent West Melbourne carpark for $25million with plans to redevelop it into residential or commercial office space.

Chinese developer Holder East secured the 1,877sqm corner site on La Trobe Street which has been owned by an Indonesian syndicate for the past 15 years.

The property was the first carpa...

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EXCLUSIVE MELBOURNE BEACHFRONT VENUE SNAPPED UP BY CHINESE INVESTORS

EXCLUSIVE MELBOURNE BEACHFRONT VENUE SNAPPED UP BY CHINESE INVESTORS

A HUGELY sought after landholding in Melbourne's Albert Park has been bought for $18 million by mainland Chinese investors.

Albert Park's Beach Hotel, one of Melbourne's most popular drinking spots, and the neighbouring Foodworks Supermarket is situated directly across Port Phillip Bay.

The hotel, which is four kilometres from ...

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ADELAIDE TECH COMPANY SECURES $2.35M CONTRACT

ADELAIDE TECH COMPANY SECURES $2.35M CONTRACT

Adelaide based Alcidion Group Limited (ASX: ALC) has secured a $2.35m contract with Western Health to utilise Alcidion's tech in Victorian hospitals.

The agreement will incorporate Alcidion's iPad technology in public hospital facilities in the western suburbs of Melbourne along with the Footscray, Sunshine and Williamstown Hospitals,...

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WEEDING OUT THE ASX'S BURGEONING CANNABIS TREND: 8 COMPANIES TO WATCH

WEEDING OUT THE ASX'S BURGEONING CANNABIS TREND: 8 COMPANIES TO WATCH

A NICHE is budding on the ASX in the form of medical cannabis, an industry which has been on the country's radar over the past six months. Recent legislative changes have allowed for importation of the drug and patient-specific sales, as government red tape and other legal barriers are being systematically lifted. The Narcotic Dru...

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FRESH CLASS ACTION TO REVEAL ANOTHER SIDE OF SLATER AND GORDON DOWNFALL

FRESH CLASS ACTION TO REVEAL ANOTHER SIDE OF SLATER AND GORDON DOWNFALL

ACA LAWYERS has issued a formal letter of demand to Andrew Grech (pictured), managing director of Slater and Gordon, in regards to the Melbourne-based firm's alleged misconduct which led to its billion-dollar fall from grace. ACA has become the second firm to lay the foundations for a class action against Slater and Gordon, after Maur...

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DESIGNER JEWELLERY HOUSE ANNOUNCES INDUSTRY VETERAN AS NEW CEO

DESIGNER JEWELLERY HOUSE ANNOUNCES INDUSTRY VETERAN AS NEW CEO

Former Michael Hill CEO Mike Parsell has joined the luxe jewellery brand, Secrets, as the company looks to grow the business beyond its current eight stores across Australia.

During his tenure at Michael Hill, which included 16 years as CEO, Parsell was part of its expansion from three stores to more than 300 across Australia, New Zealan...

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STARSHIPS WERE MEANT TO DELIVER DOMINO'S PIZZA

STARSHIPS WERE MEANT TO DELIVER DOMINO'S PIZZA

NICKI Minaj may have been off the mark when she declared 'starships were meant to fly'. However, she might be surprised learn that instead of flying, the Starships' main pursuit will be fast food delivery courtesy of Domino's Pizza. Just over three months since Domino's Group (ASX: DMP) acquired the Joey's Pizz...

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NEW MELBOURNE CBD HOT SPOT AS PROPERTY SALES REACH $17 MILLION

NEW MELBOURNE CBD HOT SPOT AS PROPERTY SALES REACH $17 MILLION

LITTLE Lonsdale Street in the heart of Melbourne's CBD has become a favourite for investors in 2017, following the sale of two key commercial properties on the strip.

Number 563-567 Little Lonsdale Street attracted $6.63 million under the hammer, while down the road 361-365 Little Lonsdale Street changed hands off-market for $11.1 million...

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RAY OF HOPE FOR SLATER AND GORDON AS LENDERS STEP IN

RAY OF HOPE FOR SLATER AND GORDON AS LENDERS STEP IN

EMBATTLED law firm Slater and Gordon (ASX: SGH) has announced to the ASX that it has launched confidential discussions with lenders to restabilise its battered capital structure.

Following a gruelling saga, Slater and Gordon has now been notified that in excess of 94 per cent of its debt facility, including debt with Westpac, National Austral...

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FROM GREEN TO GOLD: IRISH EXPAT BUILDS MILLION DOLLAR BUSINESS

FROM GREEN TO GOLD: IRISH EXPAT BUILDS MILLION DOLLAR BUSINESS

WHEN Eoin Daniels arrived in Australia with nothing but a suitcase, a working holiday visa and a passion for carpentry, he didn't expect that in just over a decade's time he would be running his own national company. Around 13 years ago, Daniels was fresh off the plane from Ireland when he secured his first job in Sydney with a lo...

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MYER GROWS PROFIT AMID STRONG COMPETITION AND CONSUMER FATIGUE

MYER GROWS PROFIT AMID STRONG COMPETITION AND CONSUMER FATIGUE

MYER'S half-year sales announced today have been described as "encouraging" by CEO and MD, Richard Umbers, but the retailer's shares fell 5.26 per cent on the ASX.

The market was unimpressed by a 5.3 per cent growth in profit to $62.8 million, compared to the previous corresponding period, as the company's sales dec...

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SPROUTX PROVIDES THE SEED FOR AGTECH STARTUPS

SPROUTX PROVIDES THE SEED FOR AGTECH STARTUPS

AGTECH innovation fund SproutX has opened applications for its first accelerator round, backed by $10 million from the venture capital fund it has set up in partnership with Artesian Venture Partners and industry superannuation fund Hostplus.

This follows the SproutX pre-accelerator program, held in late 2016, where 110 startups and entr...

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HOW INTEGRATED SOFTWARE, THE CLOUD AND ARTIFICIAL INTELLIGENCE WILL CHANGE BUSINESS

HOW INTEGRATED SOFTWARE, THE CLOUD AND ARTIFICIAL INTELLIGENCE WILL CHANGE BUSINESS

CHATBOTS, collective intelligence and blockchain are some of the big technology trends that will change the way businesses are run in 2017, says SAGE Australia VP Alan Osrin (pictured).

Speaking to Business News Australia at the SAGE Summit Melbourne, where the company painted its vision of 'invisible accounting', Osrin implored busin...

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GAS PRICES MAY FORCE BRICKWORKS TO TAKE MANUFACTURING OVERSEAS

GAS PRICES MAY FORCE BRICKWORKS TO TAKE MANUFACTURING OVERSEAS

BRICKWORKS Limited (ASX:BKW) chairman Robert Millner says soaring energy prices may force the company to turn to offshore manufacturing.

"We never thought that after 108 years of making bricks in Australia, we would now need to investigate manufacturing overseas," says Millner.

Millner says Brickworks' recent gas contract neg...

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CHINA CONTINUES TO COLLECT AUSSIE PROPERTY ASSETS

CHINA CONTINUES TO COLLECT AUSSIE PROPERTY ASSETS

CHINESE coin continues to dominate Australia's offshore real estate investment market, accounting for almost half of the total capital transacted during 2016. Last year around US$28.2 billion flowed in from Chinese investors who were seeking a slice of Aussie property, often in the form of Melbourne and Sydney's CBD office assets....

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SPECIAL FORCES PERSONNEL REVEAL HOW TO STAY SAFE WHEN TRAVELLING

SPECIAL FORCES PERSONNEL REVEAL HOW TO STAY SAFE WHEN TRAVELLING

YOU'VE seen it in the movies: the lone wanderer mugged in the alleyway, the family member taken hostage for ransom or the business person extorted for money at gunpoint. While it's easy to adopt the mentality that 'it will never happen to me', statistically speaking, this is far from the truth when it comes to not just hig...

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JANINE ALLIS' SPECIAL BLEND TO BOOST SUCCESS

JANINE ALLIS' SPECIAL BLEND TO BOOST SUCCESS

BOOST Juice founder Janine Allis spent some time 'winging it' before building a world-class business.

Born in the 'burbs and from humble beginnings, Allis (pictured) partied with rock stars in her twenties in the south of France before finding her calling.

Across almost two decades in business, Allis has just survived, a...

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BE TENACIOUS, BE WISE: KATE MIDDLETON'S TOP CAREER TIPS

BE TENACIOUS, BE WISE: KATE MIDDLETON'S TOP CAREER TIPS

KATE Middleton knows a thing or two about slaying career goals, having become CEO of insurance engineering firm Censeo at age 36.

In celebration of International Women's Day, Kate has shared her top three tips to take ownership of your career to get where you want to be. Be tenacious Tenacity, persistence, determination and p...

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RBA KEEPS CASH RATE ON HOLD AT 1.5 PER CENT

RBA KEEPS CASH RATE ON HOLD AT 1.5 PER CENT

FOR THE seventh consecutive month, the Reserve Bank of Australia (RBA) has decided to leave the official cash rate on hold at 1.5 per cent.

Inflation remains below the official target of 2 per cent and "quite low" according to the RBA, and with growth in labour costs remaining subdued, underlying inflation is expected to stay low fo...

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VILLA WORLD ADDS CLYDE LAND TO VICTORIA DEVELOPMENT PIPELINE

VILLA WORLD ADDS CLYDE LAND TO VICTORIA DEVELOPMENT PIPELINE

HOUSING developer Villa World (ASX:VLW) has bought a 42 hectare site at Clyde, south east of Melbourne, for $33 million, adding to its growing portfolio in Victoria.

Villa World CEO and managing director, Craig Treasure, says he considers the Melbourne market to be strong right now, buoyed by population growth.

The state's new first ho...

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KOPLOVITZ GIVES SPRINGBOARD TO AGILE ENTREPRENEURS

KOPLOVITZ GIVES SPRINGBOARD TO AGILE ENTREPRENEURS

FOR Kay Koplovitz, the key to being a successful entrepreneur is an agile mind - one that is always learning and quick to take on board new insights.

It's what Koplovitz looks for in candidates for the female focused scale-up incubator she founded, Springboard Enterprises, which has mentored 642 entrepreneurs since the year 2000.

...

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SONAND TURNS THE TIDE AT SURFSTITCH

SONAND TURNS THE TIDE AT SURFSTITCH

SURFSTITCH (ASX:SRF) has reduced its losses in the first half of FY17 as new CEO Mike Sonand executed his turnaround strategy.

In his first full half in charge of the Gold Coast-based action sports electronic retailer, Sonand reduced losses from continuing operations to $5.6 million, compared to $13.6 million the previous corresponding period...

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EUREKA IMPROVES WHILE MANAGEMENT REMAINS UNIMPRESSED

EUREKA IMPROVES WHILE MANAGEMENT REMAINS UNIMPRESSED

EUREKA Group has collected the gains on its 'buy and build' strategy to achieve a net profit of $6.29 million, up 72 per cent on the prior corresponding period (pcp).

The company's acquisition of 483 new freehold units helped boost total income to $15.56 million, a $9.47 million increase over pcp.

Earnings before interes...

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FASHION RETAILER'S TAKEOVER IN DOUBT AS PROFIT CLIMBS

FASHION RETAILER'S TAKEOVER IN DOUBT AS PROFIT CLIMBS

IN the thick of takeover talks, Specialty Fashion Group (ASX: SFH) worked hard to cut costs and see its bottom line benefit for the half year to December.

The owner-operator of brands including Rivers, Katies, Crossroads and Millers welcomed a profit rise to $12.1 million, an increase of 36.8 per cent on the $8.8 million achieved in the ...

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