City fringe

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Towering ambition for $50m Box Hill site
Another towering residential development is a step closer in Melbourne boom suburb Box Hill, with a developer paying almost $50 million for a site with permits in place. Local developer CBD Development Group trumped overseas buyers …
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The Pantry owners branch out in Brighton
The owners of Brighton culinary institution The Pantry will open a second eatery just metres away, after leasing a new space. What form the new cafe and restaurant takes at the upmarket bayside Melbourne suburb is yet to …
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Sydney’s former ‘best budget accom’ sells for $14m
An award-winning youth hostel in Collaroy will be replaced in the long-term by a block of luxury apartments and shops.
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Target HQ snapped up for $58m
The listed Centuria Metropolitan has snapped up the Target headquarters building being developed by Cedar Woods in the Williams Landing project in Melbourne’s southwest in a $58.23 million deal. This article originally appeared on theaustralian.com.au/property.
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Historic Tullamore Homestead to become $27m country club
The historic Tullamore homestead is set to become a $27 million country club as part of Mirvac’s development of the old Eastern Golf Course.
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Brighton’s Marine Hotel gains $2.8 million in 12 months
Brighton’s landmark Marine Hotel has been sold to a Chinese mainland buyer for almost $3 million more than it fetched at auction just last year.
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BMW dealership to drive major Melbourne sale
The property that is home to a BMW car dealership at Bundoora in Melbourne’s northern suburbs is up for sale. BMW Bundoora operates its sales showroom and service centre from the 15,210sqm site, which includes a new …
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Chinese hardware giant opens first space in Sydney
Chinese building materials and homewares company China Lesso Group Holdings is opening its first exhibition space in Australia today, as it makes a push into the local market. This article originally appeared on theaustralian.com.au/property.
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$70m shopping hub coming to Altona North
The Greg Paramor-led Folkestone has struck a deal that will see it develop a $70 million shopping centre and large format retail site in the Melbourne suburb of Altona North. This article originally appeared on theaustralian.com.au/property.
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