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  • Patrick Ewing

Wednesday, 8 March 2017


Victoria

Melbourne Hotel Sold (www.smh.com.au)

  • UOL Group has acquired the 396 room Hilton South Wharf Hotel at 2 Convention Centre Place, Melbourne for $230 million ($580,808/room).

  • The property is subject to a 99-year leasehold, with 91 years remaining.

  • The Hilton will be rebranded to a Pan Pacific within the next 3 months.

Clyde Englobo Development Site Sold (www.smh.com.au)

  • Villa World has acquired a 42ha englobo development site on Pattersons Road, Clyde for $33 million ($785,714/ha).

  • The parcel may yield over 400 lots ($82,500/potential lot).

Moonee Ponds Mixed Use Development Site Sold (www.smh.com.au)

  • A developer has acquired a mixed use development site with permit for 19 units and ground floor commercial space at 21-23 Norwood Crescent, Moonee Ponds for $3 million ($157,895/approved unit).

Bentleigh Residential Development Site Sold (www.smh.com.au)

  • A developer has acquired a 1,398m² residential development site at 17-19 Loranne Street, Bentleigh for $3.7 million ($2,647/m² of site area).

Melbourne Retail Sales Wrap (www.smh.com.au)

  • An owner occupier has acquired a 300m² retail property at 862 Canterbury Road, Box Hill for $3.21 million ($10,700/m² of lettable area).

  • A private investor has acquired a 132m² retail property at 305 Stephensons Road, Mount Waverley for $1.6 million ($12,121/m² of lettable area), reflecting a yield of 2.3%.

  • A private investor has acquired a 32m² retail property at 3 Freshwater Place, Southbank for $1.38 million ($43,125/m²), reflecting a yield of 4.42%.

North Melbourne Office Property Sold (www.smh.com.au)

  • An owner occupier has acquired a 400m² office property at 37 Flemington Road, North Melbourne for $3.71 million ($9,275/m² of building area).

Balaclava Medical Facility Sold (www.smh.com.au)

  • A private investor has acquired a 300m² medical facility at 87 Hotham Street, Balaclava for $2.55 million ($8,500/m² of lettable area), reflecting a yield of 3.52%.

Melbourne Office and Warehouse Sales Wrap (www.smh.com.au)

  • Truman Corp has acquired a 1,800m² office and warehouse property at 14 Thomas Street, Yarraville for $2.4 million ($1,333/m² of building area).

  • A private investor has acquired a 1,670m² office and warehouse property at 2-16 Warner Street, Oakleigh for $1.7 million ($1,018/m² of building area).

  • An owner occupier has acquired an 865m² office and warehouse property at 247 Boundary Road, Mordialloc for $1.1 million ($1,272/m² of building area).

  • A private investor has acquired a 2,428m² office and warehouse property at 4 Aviation Place, Tullamarine for $2.9 million ($1,194/m² of building area).

  • A private investor has acquired a 670m² office and warehouse property at 1 Venture Drive, Sunshine West for $780,000 ($1,164/m² of building area).

  • A private investor has acquired a 1,788m² office and warehouse property at 131 Keys Road, Moorabbin for $2.7 million ($1,510/m² of building area).

  • The Rug Collection has acquired a 2,301m² office and warehouse property at 80 Fairbank Road, Clayton for $3 million ($1,304/m² of building area).

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