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Southbank hotel site back on the market


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. ....

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Richmond's Wangaratta connection up for grabs


Richmond’s 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. ....

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Yarra River office sells to bio-medical group for $16m


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. ....

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Arrow Capital pays $10m for Clayton warehouse


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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