Victoria Commercial Property News

It could be a case of back to the future for a historic St Kilda building that began life as a lodging house. 

The Victorian Liberal Party has pulled the trigger on the sale of its long-held offices in the centre of Melbourne for up to $30 million ahead of the November state election and an upcoming federal election.

An Albert Park shop on one of Melbourne’s most tightly held strips has soared past its reserve at auction, more than half a century after the property last changed hands.

A Melbourne skyscraper set to become one of the city’s most unique skyline landmarks has been earmarked as a landmark for its future workforce.

China’s Century Group Aus will bring the nation’s first St Regis Hotel to Australia, settling on a site in Melbourne, in a major coup for the hotel’s operator, American-controlled Marriott Group.

Four buyers were keen to put their stamp on a rare opportunity to secure a retail site in Newtown’s Pakington St retail strip.

Vision Australia has sold its office and warehouse site in Melbourne’s inner west for about $35 million, and the site could be transformed into an eight-storey apartment block.

A Hong Kong buyer has splashed $12.5 million on a medical supersite in Caroline Springs – the highest price paid for a medical centre in Melbourne so far this year.

Plans to turn one of the state’s oldest surviving houses, Banyule Homestead, next to the Yarra River in Heidelberg, into a wedding venue have been rejected by VCAT.