High-profile sports doctor Peter Brukner has made a tidy profit,selling a Bellarine Peninsula supermarket to a first-time Chinese investor.
The Chinese-backed investor and developer has properties with a total value of $200 million on the market,including its prized Forest Hill project.
The retail landlord says it has “materially” increased security and is refreshing its tenants to lure back shoppers battling the cost-of-living crisis.
The country’s second-largest retail landlord,Vicinity Centres,has had a decline in sales across its shopping malls as Australians cut back on discretionary spending.
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.
Luxury retailers are still riding high in Australia despite cost-of-living pressures,with upmarket handbags,jewellery and accessories in strong demand.
Selling buildings that seemed like a safe bet when purchased three years ago is hurting investors’ hip pockets.
Police said two groups of teenagers,some armed with batons,battled in a food court at Westfield Marion,causing panic and triggering a lockdown.
The tearoom has been selling smorgasbords and steins in the chalet-style restaurant with a strong Alpine theme for more than 65 years.
When times get tough,cashed up investors with deep pockets start looking for distressed property.
The Pistorino family owned a portfolio of six properties including shops and offices in Carlton and Moonee Ponds.