• Patrick Ewing

Wednesday, 26 July 2017

New South Wales

Historic Sydney Building Will Remain Standing (AFR)

  • The NSW Land and Environment Court have found a decision not to heritage list the Sirius Building in The Rocks to be invalid.

  • The NSW Government were planning to demolish the building and use the money raised on alternative housing.

  • Rather the court ruled it be placed on the heritage list as a building of significant importance


Half-stake in Melbourne Office Building Acquired (The Australian)

  • Mirvac has confirmed that Singapore-listed Suntec REIT has acquired a half-stake in its Olderfleet Building at 477 Collins Street, Melbourne for $414 million, reflecting a yield of 4.8%.

St Kilda Apartment Block Sold (AFR)

  • A Taiwanese based developer has acquired a 1804m², 19-apartment block with development potential at 596 St Kilda Road, Melbourne for $34 million ($18,847/m² LA).

  • Co-owners, Singapore-listed Lian Beng Group and KSH Holdings Limited made a $10 million profit in 2 years from the sale.

Box Hill Development Site Sold (AFR)

  • Melbourne developer Longriver has acquired a 1972m² BP petrol station with high-rise zoning at 843 Whitehorse Road, Box Hill for $23 million ($11,663/m² SA).

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