Melbourne Industry Insights
Commercial Property News
Study Group signs complex office deal in Church Lane, Melbourne
Leading international education provider, Study Group, has signed a complex lease transaction for over 6,700sqm in Church Lane. CBRE and JLL jointly negotiated the lease for 9.5 years on behalf of a real estate fund of Credit Suisse AG, which purchased the property in 2008 to undertake direct investments in foreign real estate.
Education groups snap up space
International education provider Study Group has signed a lease for 6700 square metres of space in Church Lane, absorbing space left vacant by Transurban’s move to Collins Square.
Mining magnate trades in Brunswick offices
Mining magnate Paul Marks has sold an office property in Melbourne’s hipster suburb of Brunswick for almost $21 million, his second suburban divestment in the past month.
Syndicate snaps up Bayside landmark
Private syndicator Henkell Brothers Investment Managers has moved on the Bayside Junction office building in Melbourne’s southeastern suburbs with a $41.5 million purchase.
Demand for suburban office booms
An enthusiastic investor has paid $10.6 million for an Armadale office that exchanged just a year ago for $7.9 million.