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Supermarkets full of flavour for investors

Supermarkets full of flavour for investors
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Fitzroy sets a new standard with hotel chain

Fitzroy sets a new standard with hotel chain
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How many Standard Hotels can Fitzroy handle? Developer DealCorp has struck a deal with international accommodation chain, The Standard Hotel, for a site in the heart of Fitzroy.
The 1132 sq m site is at 62 Rose Street, on the corner of Fitzroy Street, where, walking south past Johnston Street, you can also find one of the suburb’s best pubs, the Standard Hotel, which has been in situ since 1865.
DealCorp has struck a deal with cult international accommodation chain The Standard Hotel. ....

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Kestelman has big $20m budget for Southbank site

Kestelman has big $20m budget for Southbank site
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Larry Kestelman is understood to have splashed out nearly $20 million on the Budget development site on City Road, Southbank.
Records show one of Mr Kestelman’s companies, LKPG SPV3, put a caveat on the low-rise warehouse in November.
Larry Kestelman: A capital success at Capitol Grand.
Credit:Eamon Gallagher
Mr Kestelman is cashed up after selling down his South Yarra holdings to Greystar last year for a new build-to-rent project in the Forrest Hills precinct. ....

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Bank of China cashes out from legal precinct

Bank of China cashes out from legal precinct
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The first CBD deal for 2021 is out of the box with the Bank of China-owned building at 270 Queen Street understood to have sold for around $15 million.
Records show Regis Capital Partners, which also has a Singapore branch, slapped a caveat on the title on January 21.
The Bank of China has sold its building on Queen Street.
Credit:
The owners of the locally based arm of Regis are developer Tony Brady and property bankers James Pellicano and Kelvin Cheong.
CBRE agents Nathan Mufale, Alex Brierley, David Minty and Jing Jun Hen had the listing back in August but declined to comment. ....

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