Victoria Commercial Property News

A former Bunnings Warehouse site at Springvale in Melbourne’s south-east is to be transformed into a retail hub that will feature an Aldi supermarket and The Good Guys electronics store. The Bunnings site on Springvale …

A North Geelong infill site presents a multimillion-dollar opportunity to build close to some of the suburb’s biggest businesses. The 2.4ha property at 34-44 Separation St is on the market in an expressions of interest campaign through Geelong …

Jim Stynes’ legacy is set to get a $1 million kick forward that could paint it in a whole new light. 

A Newtown service station site is expected to attract interest above $1.5 million when it goes to auction this month. The 2086sq m property at 404-408 Shannon Ave, Newtown, is a prime corner site occupied by a Caltex service …

A wholesale fund run by Vicinity Centres has put two major shopping centres on the block for more than $280 million as it winds back its funds management ambitions and focuses on its balance sheet assets.

Two of the world’s largest property investors, Connecticut-based Starwood Capital Group and New York-headquartered private equity firm Blackstone, are among the major bidders vying for a Melbourne hotel positioned between the Melbourne Cricket Ground and the CBD in a $200 million deal.

Dodo founder Larry Kestelman is planning to develop a $140 million, 10-storey office building in an inner northern suburb of Melbourne, hoping tenants will see the benefits of working near home instead of in the congested CBD.

Dual anchor tenants Woolworths and Dan Murphy’s are expected to create interest in Bellarine Village Shopping Centre, which has been listed for sale.

A 300-apartment ‘supersite’ has hit the market in Melbourne, worth an estimated $200 million.