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 SYDNEY based developer has opened its Stockland Highlands Shopping Centre in the outer northern Melbourne suburb of Craigieburn. A copy of Stockland’s announcement re: the opening is below: November 23: Craigieburn residents will benefit from a convenient new neighbourhood shopping experience, following the opening of the Stockland Highlands Shopping Centre on Thursday 17 November 2011. [...]  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. [...]  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. [...]  PLANS for a $150 million-plus apartment-based village with towers rising up to eight levels are one step closer, in St Albans, about 18 west of Melbourne. Following the newly released St Albans Centre Structure Plan 2025, the Brimbank City Council is set to rezone what agents call the lPLANS for a $150 million-plus apartment-based village with towers rising up to eight levels are one step closer, in St Albans, about 18 west of Melbourne. Following the newly released St Albans Centre Structure Plan 2025, the Brimbank City Council is set to rezone what agents call the largest single land holding in the suburb, a move which will pave the way for a residential-based rebuild. The site, a 6.8 hectare factory with an address of 3 McKechnie Street is currently a collection of seven separate offices, warehouses and factories offering 8427 square metres of building area. A rezoning from Industrial 3 to Residential and Mixed Use allows high density apartment towers to be developed along McKechnie Street, near a Victoria University campus. Near the St Albans train station, the site is also close to the Cairnlea suburb border. Cairnlea and neighbouring Deer Park have rampantly been redeveloped as housing estates over the past 20 years. The industrial site has now been listed for sale by its owner-occupier, Krueger Transport Equipment. Colliers International selling agent Shane Dargue, who is marketing the property with Glyn Bosisto of Raine and Horne, said the site is being offered with vacant possession, or with a leaseback up to two years. A council rezoning is expected to take between 12 and 24 months. Krueger is expected to reap about $15 million from the St Albans site sale. [...]  DANCE academy Patrick Studios, which was formed in London, has leased 2300 square metres of space recently vacated by photographic studio, PMP. Patrick’s five year lease is for what will be studio space at 359 Plummer Street in Port Melbourne. It will relocate from a distinctive art deco building in Prahran’s Green Street, at the southern edge of Swinburne University campus and near the Chapel Street retail strip. Lemon Baxter’s Paul O’Sullivan is leasing the Plummer Street building with Knight Frank’s Ben Hackworthy and Chris Chartres. [...]  THE state government’s development arm is poised to seize control of a highly-anticipated infill site within a south-eastern suburb that may soon have its own skyline. Well placed industry sources say VicUrban is negotiating to acquire the CSIRO’s outgoing Land and Research Highett Laboratory some 16 kilometres south-east of town near the Southland Shopping Centre and an as-yet-undeveloped train station. The CSIRO laboratory has been anticipated as a residential development site for years but particularly since 1996 when council rezoned land in Highett, and neighbouring Sandringham and Cheltenham from Industrial 1 to Business 3, and increased height limits to 14 metres to allow for the construction of commercial premises. [...]  SUMMER 2012 may be the last time revelers can enjoy a drink and picnic outside a popular St Kilda Road hang-out. Developer Hudson Conway, headed by billionaire businessman Lloyd Williams has quietly relisted for sale a major development site at 557 St Kilda Road on the north-east corner of Moubray Street. In 2007, and during what were much more buoyant times in the residential development site sector, Stockland paid Vision Australia $28.3 million for the site, until recently one of the biggest land parcels in the tree-lined street. [...] FORMER aged care facility Shalom Lodge is the victim of the medium-density apartment boom taking place around Kew, about six kilometres east of town. A historic building at 4 Willsmere Road that occupied the nursing home is being marketed as a ritzy apartment complex, Esque. The 1350 square metre Kew site was offered for sale in July 2010 with a permit for a 12-unit development. [...]  A PROBLEMATIC city development site with a permit sold after auction on Thursday for an as-yet undisclosed price. The 556 – 560 Flinders Street property, at the north-west corner of Downie Street, has been earmarked over the years for a variety of developments, of varying heights. At one stage a scheme was prepared for a 33-level commercial tower with 25-levels of strata office suites. Another proposal would have seen 101 apartments squeezed onto the 291 square metre block, opposite the new Northbank Place complex, between Spencer and King streets. [...]  A PENTHOUSE within Harry Seidler’s Sydney CBD apartment tower, The Cove, has hit the market with price expectations of about $15 million. The penthouse with views of the Sydney Opera House and Darling Harbour (image, right) is being offloaded by UK entrepreneur Graham Hellier, who has reportedly spent several million on a refurbishment. It was previously owned by another business identity Koyelan Bangaru. The penthouse includes four bedrooms, an office and media room and several living zones. [...] |
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