Melbourne Commercial Property News

Seven silos connected to those beneath Melbourne’s iconic Nylex Clock are being prepared for “a pretty careful bit of demolition” — by a robot named The Punisher.

Funds manager Centuria Capital has taken its property empire close to $10bn, with its listed industrial fund snapping up a Telstra data centre for $416m.

The landlord to some of Australia’s most famous pubs is charging full rent to tenant Woolworths-backed ALH Group and has boosted the value of its portfolio despite the coronavirus pandemic closing the doors of famed Victorian venues including Melbourne’s Young & Jackson Hotel.

Shopping centre owners have been slammed by the latest clampdown on retail in Victoria with restrictions hitting larger regional shopping malls particularly hard as they rely on discretionary retail and department stores.

The listed BWP Trust, which owns Bunnings warehouses around the country, says it is well positioned for the challenges created by the global COVID-19 pandemic, even as its anchor tenant readies for trade restrictions in Melbourne.

Supermarket giants Coles and Woolworths have introduced new trading hours during Melbourne’s Stage 4 coronavirus restrictions.

Melbourne’s constructions sites have not been spared under the new Stage 4 restrictions announced this week.

Stage 4 restrictions are in place across metropolitan Melbourne as the city attempts to slow the spread of COVID-19.

A second Northcote development site linked to former Melbourne footballer Clint Bartram is being sold under mortgagee instruction.