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.
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 bought in 2012. The Carlton property is on the site of the former St Nicholas […]
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 cent tighter than the 25-year average of 11.8 per cent. Savills associate director […]
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. Complex negotiations to shift the building’s existing tenants took place before the 9 ½ year lease was struck for the 505 Little Collins Street property. Agents Shane […]