Victoria Commercial Property News

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

Showbiz brings new cinemas to Ballarat
News
Showbiz brings new cinemas to Ballarat
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.
Frasers pays $237m for Novotel Melbourne on Collins
News
Frasers pays $237m for Novotel Melbourne on Collins
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.
Myer sells off iconic Bourke St store
News
Myer sells off iconic Bourke St store
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.
Chinese buyer nabs off-the-plan Bunnings in record result
News
Chinese buyer nabs off-the-plan Bunnings in record result
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.
Mulgrave makeover tastes right for Chobani
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Mulgrave makeover tastes right for Chobani
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.
$7bn plan to revive North Melbourne’s Arden precinct unveiled
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$7bn plan to revive North Melbourne’s Arden precinct unveiled
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 grabs Melbourne University college
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GSA Group grabs Melbourne University college
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.
Soaring 11% yield tipped for Mount Hotham spa retreat
News
Soaring 11% yield tipped for Mount Hotham spa retreat
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.
Metro Trains on move as Sky Rail gathers steam
News
Metro Trains on move as Sky Rail gathers steam
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.
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