Domain joins Cremorne rush
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.
St Kilda Road boulevard office sold for $57.5m
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. The investment firm managed by Alasdair and Andrew MacGillivray sold the glass-encased o
Untenanted building sold off plan for $50m
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.
Receivers sell central Geelong medical centre for $20 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.
Forza puts Pelham on market
Melbourne-based fund manager Forza Capital has put its Carlton office building on the market. The four-storey 6178 square metre office building is held in its unlisted Forza Pelham Street Fund and yields around 9.5 per cent a year. It was b
Boulevard life sends office vacancy lower
Residential conversion of office space on the St Kilda Road boulevard has led to the strip’s lowest office vacancy rate in eight years. Its office vacancy rate has dropped to 7.3 per cent, according to research by Savills, a level 38 per
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.
