City fringe

A local investor has snapped up a site that is the long-term home of Frankston’s Ford dealership.

Burwood One shopping centre’s sale is imminent, with an eye-watering figure close to $200 million tipped to seal the deal.

Interests associated with the ­Karedis family and Brett Blundy have swooped on major properties in the $500 million Altis Property Partners portfolio, making purchases that boost their dominant positions in the large format retail industry.

The Myer family has continued to sell down its office portfolio as Melbourne prices soar, reaping $25.5 million for a suburban block.

A major shopping precinct in western Sydney has changed hands for almost $25 million. 

Chinese investors are continuing to keep their hand in Australia’s commercial property market, with a Bentleigh childcare centre the latest to sell to an overseas-based buyer.

The Polish Club in Ashfield has joined forces with neighbouring properties to sell part of their inner west real estate profile.

The western Sydney hub of Parramatta is on track to hit 1 million square metres of office space by 2022 as major tenants look for new space that could drive construction of new towers.

If running your own golf course has always been your dream, this is the property for you.