HIGH end retailer Gap opened its first Australian store at Chadstone, in Melbourne, last month. The 1200 square metre shop at the massive Chadstone The Fashion Capital shopping centre, is the latest in Gap’s 3100 store network. Gap plans to open 10 to 15 stores across Australia in the next three to four years. Its next store will be at Westfield’s Sydney City complex later this year. [...]
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HIGH end retailer Gap opened its first Australian store at Chadstone, in Melbourne, last month. The 1200 square metre shop at the massive Chadstone The Fashion Capital shopping centre, is the latest in Gap’s 3100 store network. Gap plans to open 10 to 15 stores across Australia in the next three to four years. Its next store will be at Westfield’s Sydney City complex later this year. [...] ONE of the Melbourne CBD’s most prominent retail buildings has sold to Malaysia-based investors for $17 million. The distinctive Bradmans Handbags building at the corner of Bourke and Swanston streets was sold by a family trust associated with former Melbourne Lord Mayor Sir Edward Leo Curtis, which has owned it since 1960. Based on the building’s annual rent of $813,157, the asset sold on a yield of 4.78 per cent. [...] ONE of the Melbourne CBD’s most prominent retail buildings has sold to Malaysia-based investors for $17 million. The distinctive Bradmans Handbags building at the corner of Bourke and Swanston streets was sold by a family trust associated with former Melbourne Lord Mayor Sir Edward Leo Curtis, which has owned it since 1960. Based on the building’s annual rent of $813,157, the asset sold on a yield of 4.78 per cent. [...] PHILLIP Island’s fairy penguin colony will be protected forever, with the completion of a controversial compulsory home acquisition program in a precinct on the south-west corner of the island known as Summerland. All up, 774 privately owned properties across 85 hectares were compulsorily acquired by the state government since 1985. The program was initially costed at $10.5 million, and expected to take 15 years, but blew out after a real estate property boom on the island stretched the government’s budget. [...] PHILLIP Island’s fairy penguin colony will be protected forever, with the completion of a controversial compulsory home acquisition program in a precinct on the south-west corner of the island known as Summerland. All up, 774 privately owned properties across 85 hectares were compulsorily acquired by the state government since 1985. The program was initially costed at $10.5 million, and expected to take 15 years, but blew out after a real estate property boom on the island stretched the government’s budget. [...] PRESTON’s landmark Oakover Hall at 12 Stafford Street will be offered for sale for the first time in 53 years. The six bedroom, double storey bluestone and brick home, completed in 1849 and owned by just four families, was built on a hilltop adjoining the Merri Creek (on an approximate 140 hectare estate which has since been subdivided and sold) and offers 360 degree views. Original features of the National Trust protected mansion include interior arches dividing 12 main rooms, fireplaces, timber balustrades, and a leadlight window on the staircase landing. [...] PRESTON’s landmark Oakover Hall at 12 Stafford Street will be offered for sale for the first time in 53 years. The six bedroom, double storey bluestone and brick home, completed in 1849 and owned by just four families, was built on a hilltop adjoining the Merri Creek (on an approximate 140 hectare estate which has since been subdivided and sold) and offers 360 degree views. Original features of the National Trust protected mansion include interior arches dividing 12 main rooms, fireplaces, timber balustrades, and a leadlight window on the staircase landing. [...] FORMER Toll Holdings chairman Peter Rowsthorn and trainer Dale Sutton are selling a thoroughbred racing, training and breeding property about eight kilometres north of Seymour. Wadham Park Seymour was initially offered for sale by tender as a whole in March but is now being sold in two parts – to satisfy the two types of buyers that came forward during that campaign. Lot A is spread over 101.5 hectares on the corner of Northwood Road and Johnsons Lane and is fitted out as a superior grade thoroughbred facility with stables, a 100-metre horse walker, vet facilities, an office, billabong and 1400 metre sand training track. Homes for the owner and manager, as well as work cottages are offered in Lot A which is expected to sell for about $3 million [...] GEELONG identity Frank Costa has entered a joint venture agreement to redevelop 40 hectares of land in Armstrong Creek near Geelong. Costa Property Group will team with Integrated Development to build the $65 million, 400-lot residential village called Baron Rise, on the corner of Barwon Heads and Reserve roads, south-east of the Marshall train station near Grovedale. The affected land is currently being rezoned as part of the Horseshoe Bend Precinct Structure Plan. [...] |
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