THE Victorian government has released plans to push the growth of Cremorne as a centre for innovation, technology and related high-skilled jobs. The new Cremorne Place Implementation Plan outlines a long-term vision for the Cremorne precinct, guiding how the suburb will develop to support high-tech and innovative enterprises, while also driving investment and building on […]
Property portal Domain will become the anchor tenant in a $50 million office tower under development in Melbourne’s inner east that fund manager Bayley Stuart Capital has bought.
Online real estate group Domain is set to join the tech-led rush into sought after Cremorne, leasing space in a speculatively built office in the city-fringe pocket.
A landmark office building in West Melbourne has sold for $22.1million, reflecting the ongoing demand for well-located commercial assets with strong fundamentals in city-fringe suburbs.
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.
Melbourne investment firm Bayley Stuart has paid $50 million to buy an office building off the plan in Cremorne, on the city fringe, that is yet to secure a tenant.
Melbourne-based Bayley Stuart Capital has sold a premium building at 606 St Kilda Road on the leafy boulevard to a Chinese investor for $57.5 million.
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.
Office withdrawals for conversion to apartments are driving up rents in Melbourne’s St Kilda Road and Southbank, forcing new commercial development into nearby suburbs such as Richmond and Cremorne, analysis from JLL shows.