CHINESE DEVELOPER SCORES EXPANSIVE MELBOURNE LANDHOLDING FOR $36 MILLION

CHINESE DEVELOPER SCORES EXPANSIVE MELBOURNE LANDHOLDING FOR $36 MILLION

ONE of Mornington Peninsula's largest individual landholdings has been acquired by a Chinese developer for $36.2 million.

The Morning Star Estate in Victoria is an expansive 63-hectare holding which includes accommodation, a cellar door and a restaurant, and it has uninterrupted views from the Bellarine Peninsula to Melbourne.

The esta...

Read More...
CASA BRISBANE AIRPORT HEADQUARTERS SOLD FOR $23 MILLION

CASA BRISBANE AIRPORT HEADQUARTERS SOLD FOR $23 MILLION

The Civil Aviation Safety Authority (CASA) national headquarters at the Brisbane Airport has been bought by The Patella Group for $23 million, following a hotly contested sales campaign.

Located in the Skygate precinct and surrounded by retail and food options including DFO, Dan Murphy's and Woolworths, the building is still fully leased ...

Read More...
VILLA WORLD SNAPS UP GOLD COAST LAND FOR $300M RESIDENTIAL DEVELOPMENT

VILLA WORLD SNAPS UP GOLD COAST LAND FOR $300M RESIDENTIAL DEVELOPMENT

RESIDENTIAL developer Villa World (ASX: VLW) has secured one of the last remaining parcels of Central Gold Coast land for $300 million with plans to build a 400-house development.

The Arundel Springs community is the largest residential development the group has undertaken on the Gold Coast and taps into a growing demand for more homes in the...

Read More...
CHARTER HALL SNAPS UP SALAMANDER BAY CENTRE FOR $174M

CHARTER HALL SNAPS UP SALAMANDER BAY CENTRE FOR $174M

RETAIL investment trust Charter Hall (ASX: CQR) has purchased the regional Salamander Bay Centre in New South Wales for $174.5 million.

Salamander Bay Centre is based in Port Stephens, north of Newcastle, and comprises a single level shopping centre with a total GLA of 24,000sqm.

The centre benefits from low levels of direct competition wi...

Read More...
$12 MILLION OFFICE SALE UNDERPINS MILTON REVIVAL

$12 MILLION OFFICE SALE UNDERPINS MILTON REVIVAL

ONE of Milton's well known office buildings has sold for $12.88 million, supporting the resurgence of the popular Brisbane commercial precinct.

The five-level riverside building located at 12 Cribb Street was bought by a private investor at an initial yield of 6.78 per cent, reflecting a rental rate of approximately $3,900/sqm.

JLL'...

Read More...
MAKE WAY FOR THE 'PANTSCRAPER', A TWIN TOWER SET TO CHANGE MELBOURNE'S CITYSCAPE

MAKE WAY FOR THE 'PANTSCRAPER', A TWIN TOWER SET TO CHANGE MELBOURNE'S CITYSCAPE

MELBOURNE'S skyline is about to transform following the construction of a $1 billion luxury high-rise in the city centre.

Called the "Pantscraper", named after its twin towers joined by a sky bridge, Cbus Property's 42-storey mixed-use development comprises 49,000 square metres of premium-grade office space, a five-star W Ho...

Read More...
$71 MILLION SALE OF 'SYDNEY SIX' GIVES RISE TO WESTERN SYDNEY INVESTMENT HOTSPOT

$71 MILLION SALE OF 'SYDNEY SIX' GIVES RISE TO WESTERN SYDNEY INVESTMENT HOTSPOT

SIX INDUSTRIAL assets in Sydney's West, dubbed the 'Sydney Six', have sold for a collective $71 million, confirming the high demand for investment stock in the city's tightly held industrial market.

The Sydney Six consists of four assets in Wetherill Park, one in Smithfield and another in Eastern Creek, boasting a combined net...

Read More...
MELBOURNE'S $200M RIALTO PROJECT NEARS COMPLETION AFTER 10 YEARS OF PLANNNG

MELBOURNE'S $200M RIALTO PROJECT NEARS COMPLETION AFTER 10 YEARS OF PLANNNG

IT'S BEEN 10 years in the planning and had at least 10 different architects and has involved the acquisition of multiple properties, and now the redevelopment of Melbourne's iconic Rialto tower precinct is almost complete.

The $200 million redevelopment has breathed new life into the CBD and the Rialto precinct covers more than 8...

Read More...
CQU SETTLES ON SIGNIFICANT BRISBANE CAMPUS UPGRADE

CQU SETTLES ON SIGNIFICANT BRISBANE CAMPUS UPGRADE

CENTRAL Queensland University (CQU) has called 160 Ann Street home for the past six years, and off the back of its latest lease agreement it will continue to do so for the next 15. The deal to expand CQU's lease was negotiated by JLL manager of property and asset management Wayne Barnes, which included additional floors amounting to a...

Read More...
PEREGRINE CORP'S ADELAIDE DEVELOPMENT GIVEN THE GREEN LIGHT

PEREGRINE CORP'S ADELAIDE DEVELOPMENT GIVEN THE GREEN LIGHT

PEREGRINE Corporation's $50 million proposal to redevelop its Norwood Parade headquarters in Adelaide has received development approval with work to begin almost immediately.

Approval for the seven-level development on the corner of Portrush Road and Norwood Parade was granted by South Australia Trade Minister Martin Hamilton-Smith.

Pl...

Read More...
NEW MAJOR PRE-LEASE BOLSTERS EMERGING MELBOURNE INDUSTRIAL PRECINCT

NEW MAJOR PRE-LEASE BOLSTERS EMERGING MELBOURNE INDUSTRIAL PRECINCT

TRANSPORTATION equipment group CIMC Vehicle Australia and road tanker manufacturer Marshall Lethlean are set to take up tenancy in the emerging Cranbourne West industrial precinct, after finalising one of the area's first major pre-lease agreements. The two companies, which are both subsidiaries of the global CIMIC Group, will combine...

Read More...
ICONIC GOLD COAST NEIGHBOURHOOD SHOPPING CENTRE CHANGES HANDS

ICONIC GOLD COAST NEIGHBOURHOOD SHOPPING CENTRE CHANGES HANDS

MUDGEERABA Market, one of the Gold Coast's favourite suburban shopping centres, has changed hands for $35.8 million following a heated sales campaign which attracted attention from offshore buyers.

Although contested by numerous private investors from Asia, Sydney-based SCA Property Group ended up winning the sale at an estimated ble...

Read More...
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...

Read More...
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...

Read More...
CITY DWELLERS SETTING EYES ON REDCLIFFE AS PROPERTY SEACHANGE BECKONS

CITY DWELLERS SETTING EYES ON REDCLIFFE AS PROPERTY SEACHANGE BECKONS

IT MAY be cool by the sea at Redcliffe, however strong sales at Kyko Group's Mon Komo development prove that the area has also become a residential hotspot. Within only two months of announcing its campaign, Mon Komo, situated on Redcliffe's Marine Parade, has made $7.9 million in sales and only a handful of its apartments remain ...

Read More...
ACQUISITIONS CONTINUE TO DRIVE THE EXPANSION OF BRISBANE-BASED NATIONAL STORAGE

ACQUISITIONS CONTINUE TO DRIVE THE EXPANSION OF BRISBANE-BASED NATIONAL STORAGE

NATIONAL STORAGE (ASX: NSR) has expanded its Perth Development Portfolio with acquisitions totalling $18.6 million across three properties and plans for a further two sites in and around the city.

The Brisbane-based company, which is one of the largest self-storage providers in Australia and New Zealand, will take ownership of a property at t...

Read More...
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...

Read More...
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 ...

Read More...
ASF UNVEILS THE CHERRY ON TOP OF ITS INTEGRATED RESORT DEVELOPMENT

ASF UNVEILS THE CHERRY ON TOP OF ITS INTEGRATED RESORT DEVELOPMENT

ASF Consortium has revealed the newest addition to its $3 billion Gold Coast integrated resort (GCIR) project, a 6,000sqm beach club in the heart of The Spit.

The open-plan venue, inspired by beach clubs in holiday destinations including Florida, Thailand, Dubai and Indonesia, will be able to cater for more than 3,000 guests across a var...

Read More...
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...

Read More...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 1487
Mudgeeraba QLD 4213

LoginTell a FriendSign Up to Newsletter