Victoria Commercial Property News

Childcare, fuel and fast food dominated more than $38 million worth of sales at Burgess Rawson’s Investment Portfolio Auction in Melbourne on Wednesday.

The weekly ritual of shopping for family essentials might be all it takes to persuade a cashed-up investor to swoop on a sprawling retail package now up for grabs in Melbourne’s east. 

Property giant Dexus has thrown down the gauntlet to rivals in the Victorian capital by lodging plans for a premium grade office tower on the Collins St site it assembled last year amid suggestions that it has opened talks with the venerable Melbourne Club about buying its air rights.

Filmmaker and artist Maggie Fooke has reeled in a buyer for the Fitzroy mansion she ran as the Brooklyn Arts Hotel.

A prime Pakington St property is set to spark a bidding war when it hits the market for the first time in 50 years in October.

Last drinks will soon be called at the only traditional country pub left in Victoria’s spa epicentre — before it returns reborn and refreshed like a weekend tourist.

Power lunches could soon be replaced by midday yoga, pilates or ballet-inspired barre sessions at Melbourne’s premier business address, 101 Collins Street, where an entire floor of carparking has been revamped to make way for a new state-of-the-art holistic wellness centre.

Top local and international developers are readying for the offer of one of the largest ever sites in Melbourne’s CBD that is set to be offloaded by VicTrack next to the city’s railyards.

WeWork is continuing its dramatic expansion in Australia even as doubts emerge about the valuation of the float of its global operations, with reports it could attract a price of less than half of initial expectations of about $US47 billion ($68 billion).