Global investment giant AXA has joined the wave of money pouring into Melbourne’s fringe office markets after striking a deal to acquire MYOB’s new $100 million Melbourne premises in Cremorne being developed by Joe Russo’s Caydon Group.
Low vacancy rates and rising demand in Melbourne’s office market has created the perfect environment for the $50 million off-the-plan sale of a Melbourne fringe office building.
Receivers for the bank that financed Singapore’s International Healthway Corporation’s $28 million purchase of the Geelong Private Medical Centre three years ago have sold the regional property for a speculated $20 million.
Boutique fund manager Forza Capital has sold a Carlton office building for $37.05 million, close to double what it paid for it four years earlier. The 6,178 square metre office building was sold on a yield of 6.04 per cent and a rate per square metre of $6,000. It was handled by Paul Burns of […]