Victoria Commercial Property News

Victorian regional centre Ballarat will welcome a second cinema complex, with Showbiz Cinemas to open a new six-screen facility just outside of the CBD.

The Singapore-listed Frasers Hospitality Trust has forged into the Melbourne hotel market with the purchase of the Novotel Melbourne on Collins from US giant LaSalle Investment Management. This article originally appeared on theaustralian.com.au/property.

The Myer family has finalised a deal to sell its remaining one-third stake in its own Bourke St store to funds manager TH Real Estate for more than $151 million.

A new Bunnings Warehouse still months away from being completed in regional Victoria will be the first Bunnings to be owned by a Chinese investor, after selling on a record yield.

US yoghurt powerhouse Chobani will call Melbourne’s south-east home for at least the next five years after leasing an edgy Australian head office in Mulgrave.

The Victorian government has unveiled a $7 billion plan to revive the Arden precinct in North Melbourne over 30 years, boosting housing supply in an area currently in industrial use. This article originally appeared on theaustralian.com.au/property.

GSA Group, one of the nation’s largest providers of student accommodation, has swooped on Melbourne’s Whitley College, in its second deal this month. This article originally appeared on theaustralian.com.au/property.

Commercial property yields of more than 10% have been almost unheard of this year, but a spa retreat near Mount Hotham in the Victorian snowfields could be about to enter rare territory.

Melbourne’s rail provider Metro Trains will move its offices, utilities and service vehicle workshop to Clayton in the city’s south-east, after leasing almost 20,000sqm of space.