City fringe

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.

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.

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.

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 …

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.

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.

A Chinese developer has splashed more than $30 million on one of the largest individual landholdings on the Mornington Peninsula. The 63ha Morning Star Estate in Mt Eliza was sold by CBRE for $36.2 million when it changed …

It took almost 500 bids for a buyer to secure a former motel site with redevelopment potential at a marathon auction in Sydney’s inner west. Six bidders slugged it out for more than an hour …

Chinese-backed investment firm iProsperity Group has pushed further into the Australian market, swooping on a shopping centre in suburban Melbourne in a deal worth $45 million. This article originally appeared on theaustralian.com.au/property.