Melbourne Commercial Property News

Melbourne commercial property news, commercial real estate market data, business news and insights.

St Kilda’s Greyhound Hotel sold again after $1m price cut
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St Kilda’s Greyhound Hotel sold again after $1m price cut
St Kilda’s former Greyhound Hotel site will be developed as planned after several months in limbo and more than $1 million was wiped from the cost of the patch of dirt.
Chadstone shopping centre announces $600m redevelopment
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Chadstone shopping centre announces $600m redevelopment
Melbourne’s Chadstone shopping centre, co-owned by billionaire John Gandel and the listed Vicinity Centres, is set for a makeover with its owners submitting plans for development worth more than $600 million.
M & N Cooper Jewellers sells Footscray store after 81 years
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M & N Cooper Jewellers sells Footscray store after 81 years
Max Cooper is about to clock off as a watch and jewellery repairer for the last time, after selling the Footscray store that’s been in his family for 81 years.
Melbourne Coles sells on year’s tightest yield
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Melbourne Coles sells on year’s tightest yield
The rare chance to score a standalone supermarket has seen a Victorian Coles sell on the state’s tightest supermarket yield of 2019. The Coles at Mentone in bayside Melbourne was sold to a Chinese investor …
Half-finished Melbourne development site up for grabs…just add a road
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Half-finished Melbourne development site up for grabs…just add a road
A mega-sized chunk of land in Glenroy so big that developing it will require a new road to be built is expected to set a multimillion-dollar benchmark for the suburb.
Melbourne timber tower faces planning hurdle
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Melbourne timber tower faces planning hurdle
GPT’s plans for a premium office tower that will sit atop part of the Melbourne Central development and become the central business district’s largest timber building is to go before the state’s Building Approvals Board.
Buy Aldi’s new Fitzroy supermarket before it opens
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Buy Aldi’s new Fitzroy supermarket before it opens
The opportunity to be the very first owner of a new Aldi supermarket is up for grabs in inner-city Melbourne. Scheduled for completion next year as part of the Lyric Building development in Fitzroy, the …
Taco Bell’s first Melbourne store to open on Chapel Street
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Taco Bell’s first Melbourne store to open on Chapel Street
Chapel Street has been revealed as the location of Melbourne’s first Taco Bell outlet, as the fast food brand continues its Australian expansion.
Singapore group leads race for $350m East Melbourne office tower
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Singapore group leads race for $350m East Melbourne office tower
Singaporean-based funds manager ARA Asset Management is leading the pack to acquire the $350 million Victoria Place in East Melbourne office project planned in the tightly held precinct.
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