Glen Waverley Commercial Property News

Christmas has come early for a Glen Waverley vendor whose tightly-held commercial property has gifted him $18 million.

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.

The Glen shopping centre in Melbourne’s south-east will be the latest Victorian mall to receive a major makeover, with Vicinity Centres announcing a $490 million overhaul that will include a new Aldi supermarket and a host of new fashion brands.

Singapore-based investors are setting the pace in buying Melbourne hotels with two major inner-city properties snapped up in the past few weeks. This article originally appeared on theaustralian.com.au/property.

Glen Waverley’s credentials as one of Melbourne’s most vibrant destinations could soon rise to new heights.