Victoria Commercial Property News

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.

Diversified property trust GPT Group is forging deeper into the logistics sector, snapping up three sites in Melbourne’s western industrial heartland as it pours more capital into the area.

Shops along Melbourne’s holiday hotspot Sorrento’s main strip are continuing to trade at pace, with a property leased to women’s fashion brand Sportsgirl the latest offered up.

A prominent Target store in a key regional Victorian hub will be high on investors’ wish lists at Burgess Rawson’s Investment Portfolio Auction later this month.

Hundreds are expected to turn out for the auction of a Box Hill retail property as it is put on the block for the first time this century.

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.

Businessmen Hector Ktori and Peter Arvanitis are developing an 180-room standalone hotel in Melbourne’s South Yarra that will debut as Australia’s first Moxy hotel by the Marriott International chain.