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February 2012
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Construction of Camberwell Station Village Delayed, Melbourne

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CONSTRUCTION of a contentious Camberwell apartment project dubbed by locals as “Melbourne’s ugliest tower” is now not likely to start until at least next year. State government agency VicTrack, with private developer Tenterfield, spent ten years pushing through a $100 million mixed used village, The Place, to replace land atop the Camberwell train station, east of Burke Road. The Place was approved by the Victorian Civil and Administrative Tribunal last April – just seven months before the controversial state government planning policy it relied on, Melbourne 2030, was shredded by the new Baillieu government. [...]

Toorak Road Suburban Office Sells For $10.14 Million

A LOW-rise office building at the suburb border of Camberwell and Glen Iris has sold to a private investor for $10.14 million. The 990 Toorak Road office is leased to ASX listed groups National Australia Bank and Uniliver. Based on the annual rental return of $856,048, the building sold on a yield of 8.44 per cent. [...]