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Market Uncertainties No Hurdle as Melbourne CBD Site Sale Breaks Land Value Record

23 June 2017

One of the last remaining permit-approved sites in the Melbourne CBD’s northern end has been strategically purchased by Malaysian developer SP Setia over the weekend. 111-125 A’Beckett Street, known as Paradigm, sold for $61million on what is understood to be a very short settlement period. The site’s vendor, Singaporean developer Tong Eng Group, appointed CBRE’s Josh Rutman, Mark Wizel, and Lewis Tong, to manage the sales process which was successfully completed on Saturday.

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Singapore developer lists prime St Kilda Road development opportunity

21 June 2017

A series of unsolicited offers has underpinned Singapore-listed construction company Lian Beng Group’s decision to sell its St Kilda Road development site – with the sale expected to fetch circa $40 million. (more…)

Melbourne CBD site sale breaks land value record

21 June 2017

Malaysian developer SP Setia has purchase one of the last remaining permit-approved sites in the Melbourne CBD’s northern end for $61 million.

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Sale trifecta as Melbourne retail market heats up

19 June 2017

Chinese investors have shown their confidence in Melbourne’s retail market, snapping up three assets for a combined $6.848 million.

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Offshore Chinese Investors show confidence for retail assets

15 June 2017

Income producing assets are emerging as the investment choice for Chinese buyers, with the recent $15.8 million sale of the Marine Hotel in Brighton the latest in a series of transactions.  (more…)

Paris End of Collins Street Finally Bears Classic Freehold Investment

13 June 2017

After being held in the same ownership for over 25 years, the last remaining terrace houses in Collins Street, located at number 86-88 within the famed ‘Paris End’, are being brought to the market for international sale by CBRE Melbourne City Sales agents Josh Rutman, Mark Wizel and Bianca Butterworth. (more…)

Near complete Bulleen apartment block on the market

6 June 2017

A Bulleen landholding with a near-complete apartment building comprising 26 apartments has been placed on the market.

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New Woolworths anchored neighbourhood shopping centre offered for sale in Victoria’s Booming South East

5 June 2017

A growing Woolworths anchored neighbourhood shopping centre in the heart of Melbourne’s booming south eastern growth corridor has been listed for sale by a local group of Melbourne based developers.

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Chinese developer swoops on Mornington Peninsula landholding

2 June 2017

A Chinese developer has swooped on one of Mornington Peninsula’s largest individual landholdings for $36.2 million. (more…)

Local investors muscle it out for Fitness First Bayside

1 June 2017

Melbourne based developer ICD and investment firm Wingate have cashed out of their Fitness First investment in Bayside for $17.55 million. (more…)