Victoria Commercial Property News

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

News
30-year lease a boon for Geelong childcare centre
A new Geelong childcare centre with a lease until nearly 2050 has sold for $3.6 million at an in-room auction.
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Melbourne’s oldest pub sold in $92m deal
Another wealthy Melbourne family has taken advantage of soaring prices for top commercial assets, with Morry Schwartz and his family selling a hotel and historic pub for close to $100 million combined.
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Costco throws doors open to Melbourne shoppers
Costco is throwing open the doors to its Melbourne stores for one day only next week, giving shoppers who aren’t members of the bulk supermarket chain the chance to grab a pre-Christmas bargain. Leader Newspapers reports …
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Holiday Inn to be Geelong’s first new hotel in 20 years
Geelong’s first new hotel in nearly two decades is set to open in 2020 following a deal with global hotel brand Holiday Inn.
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No apartments: Childcare centre swoops on $60m South Melbourne site
A childcare operator has trumped developers by paying $60 million for a South Melbourne development site with permits for four residential towers and more than 1000 apartments. But Little Lane Early Learning Centre has reportedly …
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Geelong’s landmark Bright & Hitchcock building sells
A landmark ormer Geelong department store has sold for $7.52 million.
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Malvern hardware building to nail a sale after 95 years
The home to one of Stonnington’s longest running businesses is set to go under the hammer before the end of the month.
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Pub baron snares Melbourne’s Royce Hotel for $55m
Prominent Melbourne hotelier and pub baron Mazen Tabet has agreed to terms to buy Melbourne’s luxury Royce Hotel in St Kilda in a deal worth about $55 million, even though market expectations for the boutique property were initially put at more than $60 million. 
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New future beckons for Old Geelong Gaol
The redevelopment of St Mary’s Hall and school site will be a blueprint for the sale of the old Geelong Gaol, launched at the weekend.
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