Development site

The Rebels Motorcycle Club’s North Hobart headquarters is set to be demolished to make way for four new townhouses after the prime piece of real estate was sold for $1.25 million.

Billionaire Gerry Harvey says it’s impossible to find suitable land for the next rollout of Harvey Norman flagship stores in Australia and will settle on redeveloping one of the group’s pre-existing Melbourne stores.

A group of West Australian investors hope to sell a shovel-ready Armstrong Creek housing development site for a suburb record price next month.

A Melbourne investor is expected to go to council to reactivate development plans previously approved for Geelong business identify Michael King after securing the site recently.

Hoteliers and gaming magnates the Zagame family have made a major play in Melbourne’s office and development site market, snapping up the Australian Education Union’s former Victorian branch headquarters in Abbotsford.

The revitalisation of the Oakleigh business district in Melbourne’s south-east looks set to gather pace, after the sale of another major development site.

The sale of Preston’s former Rivoli Theatre has been a slow motion production.

Dozens of development sites in Sydney, Brisbane and Melbourne, some large enough for 600-unit apartment towers, are hitting the market as Chinese developers plagued by poor buyer appetite and lack of finance are forced to sell.

Local property developer Landream has snapped up a major development site in Sydney’s inner-city Pyrmont that can accommodate a landmark mixed-used project that could have an end value of more than $1 billion.