Southbank hotel site back on the market
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Liquidators have called time on a Southbank development site that is back on the market for the third time in five years.
The project at 63-69 City Road, was to be the first Melbourne building for Jason Chong’s Malaysian-based Cornerstone Partners Group which had signed up UK hotel group Yotel.
63-69 City Road.
Credit:
Demolition had already started, with No.67 razed despite being listed as contributing to local heritage. No.63 still stands. The site covers 915 square metres.
Southbank hotel site back on the market
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Richmondâs Wangaratta connection up for grabs
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A freshly leased new office, built on the old Duchamp clothing headquarters in Richmond, has come to market.
Beams Projects bought the 45 Wangaratta Street site in 2016 and built a small tower of six whole floor offices. They were going to be sold as individual strata investments but now the 1413 sq m project is offered as a
$20 million-plus investment.
JLL agents Josh Rutman, Piers Jalland, Tim Carr and MinXuan are running the expressions of interest campaign.
Yarra River office sells to bio-medical group for $16m
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Bio-medical group AXXIN has swooped on a freestanding office set on the Yarra riverbank in Eaglemont, paying $16.6 million.
The office at 677 The Boulevard, is on a 9020-square-metre corner site, fully leased to social welfare group Berry Street Victoria. The deal reflected a 6.36 per cent yield.
AXXIN, which is located on Heidelberg Road, Fairfield, plans to occupy the 3216-square-metre office in the future.
Colliers International agents Joe Kairouz, Hamish Burgess, Trent Hobart and Peter Bremner negotiated the transaction.
Arrow Capital pays $10m for Clayton warehouse
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Clayton South
Arrow Capital Partners have swooped on a large single-storey warehouse and office building with 7200 sq m of gross leasing space at 110-112 Fairbank Road and 199A Obsorne Avenue. Colliers International’s
Jonathan Mercuri said the industrial facility sold with a seven-year WALE under a lease to MPM Marketing Services. The property fetched $10.4 million.
South Melbourne
A vacant 340 sq m three-level warehouse conversion at 23 Union Street has sold for $2.89 million following more than 120 inquiries. The creative office building with a rooftop courtyard and CBD views fetched a building rate of $8500 per sq m, Fitzroys’
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