Calendar

October 2011
M T W T F S S
« Sep   Nov »
 12
3456789
10111213141516
17181920212223
24252627282930
31  

GSK Selling Part of Boronia Headquarters

Thumbnail

AFTER recently moving some of its staff to new offices in inner-city Abbotsford, pharmaceutical and healthcare giant GlaxoSmithKline (GSK) is selling a chunk of the prominent Boronia site that has for years been its national headquarters (pictured, right). The largely vacant 7.32 hectare parcel with a street address of Lot A, 1061 Mountain Highway, is expected to interest developers which may subdivide and on-sell the land, or propose a business park, exploiting the sites frontage to Colchester Road and Kalman Drive. [...]

Australian Unity Sells Prahran Medical Centre For $18.7 Million

Thumbnail

AFTER retaining it for five years, the Australian Unity Investments’ Healthcare Property Trust has sold an inner-city medical complex in a prime residential area to a syndicate of private investors. The Victoria House Medical Centre and Victoria Clinic complexes at 314 – 324 Malvern Road in Prahran (pictured, right) sold for $18.7 million, reflecting a yield of 8.3 per cent based on the asset’s annual rental income of $1.55 million. Australian Unity paid $17.53 million for the Residential 1 zoned asset in 2006, on a yield of 7.8 per cent. [...]