Victoria Commercial Property News

Property asset group Propertylink is set to acquire a $142 million industrial portfolio from Denison Funds Management, in an announcement just days ahead of its initial public offering.

The home of the Melbourne City Ballet, on the grounds of the old Pentridge Prison, will be on the block next week as part of the latest Burgess Rawson portfolio auctions.

Starwood Hotels & Resorts has signed a management agreement with the billionaire Fried family’s Spotlight Holdings Group to develop a 176-room Aloft hotel in Melbourne. This article originally appeared on theaustralian.com.au/property.

The market for major apartment sites in the heart of Melbourne is running hot with the old Melbourne convention site that overlooks the Yarra River close to selling for almost $100 million. This article originally appeared on theaustralian.com.au/property.

Doomsday predictions for Melbourne’s apartment development market are “overstated”, with oversupply not nearly as bad as reports suggest, one agent says.

Victoria was once dubbed “the place to be”, and the slogan is ringing true for commercial property, with sales in the last financial year almost doubling the 10-year average.

A dearth of potential development sites in inner-city Fitzroy saw a former factory and warehouse sell less than three hours after being put on the market.

ANZ is moving to bring its Gothic-style tower on Melbourne’s Queen St to market, a move that could see it reap around $250 million for the building. This article originally appeared on theaustralian.com.au/property.

A controversial 74-storey Southbank skyscraper that would dwarf neighbouring Crown Casino is on the cards, with a permitted development site to be auctioned this month.