The cash would provide a serious sweetener to the City of Melbourne’s $781 million budget and rather more than the Regent Theatre,which is co-owned with the state government.
Allan Myers KC has made another city investment,well away from his agricultural interests.
High-profile sports doctor Peter Brukner has made a tidy profit,selling a Bellarine Peninsula supermarket to a first-time Chinese investor.
Developer-publisher Morry Schwartz has made his move back into the property market,striking a $16 million bargain for a B-grade office building in Melbourne’s CBD.
Chinese-backed developer APH has lost control over a $1 billion Forest Hill commercial development just weeks before it was due to go to market.
Office landlords and local businesses say more people working together in an office gives an area a good “vibe”.
Beware commuters:the car park next to Glen Waverley station has been sold
Property company Virtical is hoping to flip the hotel in Flinders Lane for more than the $25 million it paid in May 2023 so it can to focus on its Sydney assets.
Led by sector gorilla Goodman Group,the listed real estate investment trust sector has outperformed the overall market so far this year.
One firm is making home offices a central feature,aimed at people living interstate or down on the coast.
Selling buildings that seemed like a safe bet when purchased three years ago is hurting investors’ hip pockets.