Commercial property: Bourke Street Mall shops ready to set new benchmark values
Capital gain
Source: brisbanetimes.com.au
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Remi development site fetches $11.1 million
A Tarneit development site 25 km west of the CBD held by collapsed property fund Remi Capital has been sold for $11.1 million, with an Asian-based land banker beating five other candidates to control the 3.7 hectare property.
Source: theage.com.au
Melbourne property: Sir Arthur Warner's family drop anchor on marine business
The descendants of the late Melbourne businessman and politician Sir Arthur Warner have sold the freehold on their long-running Anchor Marine business on Beach Road, Sandringham, to a developer for $7.1 million.
Source: theage.com.au