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.
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…)
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…)
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…)
A Bulleen landholding with a near-complete apartment building comprising 26 apartments has been placed on the market.
New Woolworths anchored neighbourhood shopping centre offered for sale in Victoria’s Booming South East
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.
A Chinese developer has swooped on one of Mornington Peninsula’s largest individual landholdings for $36.2 million. (more…)
Melbourne based developer ICD and investment firm Wingate have cashed out of their Fitness First investment in Bayside for $17.55 million. (more…)