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Geelong business park reaches next stage amid jobs boon

4 days ago | realcommercial.com.au | Peter Farago

Major Geelong construction projects are driving growth in Geelong jobs as builders expand their presence in the region. Ireland Brown Projects, has a strong presence of local subcontractors and trades to service the pipeline of major construction projects in the region, has been signed on to manage construction of a Newtown employment precinct. Ireland Brown has signed a construction contract to deliver Barwon Business Park for IDS Group.
No need to hedge your bets, this asset is a-maze-ing

5 days ago | realcommercial.com.au | Jarrad Bevan

It’s an opportunity that is almost never available. And that’s not just in Tasmania; this property and business is a rarity in all of Australia. The pitch is compelling: a tourism and family-friendly business with a sparkling new restaurant located in “a must-visit” location. And with expansion potential, too. Welcome to Amaze Richmond.
Toorak: Luxe retail and office hub could sell for $200m

6 days ago | realcommercial.com.au | Alesha Capone

An ultra-luxurious Toorak retail and office hub has hit the market with an eye-watering $200m price tag. Property developer Bill McNee’s Vicland Property Group has put the nine-storey St Germain site at 505 Toorak Rd up for sale. Described on the company’s website as “Melbourne’s most exclusive office”, its tenants include Coles, property development company Deague Group, real estate agency Kay & Burton, supermarket Scoop Wholesale and fine dining restaurant Cecconi’s.
Rose Bay homeowners hoping for $40m windfall from developers

1 week ago | realcommercial.com.au | Stephen Nicholls

Five homeowners — some with pools and one recently renovated — are cashing in their properties hoping for a big windfall from developers. The amalgamated site is expected to sell for well over $40m in an expressions of interest campaign that closes on June 5. “They might be worth $5m or $5.5m individually, but they’re likely to get $8.5m or $9m in this type of deal,” says Paul Ephron of Colliers. That’s not a bad outcome for owners of semis on blocks ranging between 273sqm and 285sqm.
Arada aims to take Roberts Co global after Victoria collapse

1 week ago | realcommercial.com.au | Ben Wilmot

United Arab Emirates-based developer Arada plans to take the Roberts Co building brand global despite the company’s woes in Victoria, where the future of key projects hangs in the balance. The fast-growing Arada has just snapped up the NSW operations for a nominal sum from tycoon Andrew Roberts, and wants to pour $100m into expanding into new markets, starting with the UAE.
Mining dongas sold at $78,000 per bedroom to US firm

1 week ago | realcommercial.com.au | Sophie Foster

A massive deal has been approved for a foreign firm to buy four mining donga villages with more than 1,300 bedrooms – coming in over $78,000 a room. New York Stock Exchange listed Civeo Corporation, whose annual revenue last year was over a billion Aussie dollars, has confirmed its purchase of four villages in Queensland’s Bowen Basin off a private seller.
No fuss investment: Half the Doors Plus store network to be sold in $30m+ deal

1 week ago | realcommercial.com.au | Daniel Butkovich

National retailer Doors Plus has listed 11 of the 24 stores in its network for sale under a leaseback arrangement. The 11 stores for sale are currently owned and operated by Doors Plus, and are spread across five states. Each shop will be sold with a three-year lease to the door retailer and an option to renew for a further three years, with net income ranging from $96,383 to $230,263.
La Porchetta’s Rathdowne St, Carlton, birthplace for sale almost forty years after it opened

1 week ago | realcommercial.com.au | Nathan Mawby

Carlton’s birthplace of the La Porchetta Italian restaurant has been served up for sale with a $6m-$6.6m asking price. Founded by Rocco “Rocky” Pantaleo and Felice Nania in 1985, the restaurant became a Melbourne institution and turned into a pizza empire with dozens of franchises across Australia, New Zealand and Indonesia.
Iconic Sydney pub faces uncertain future after owners decide to sell

1 week ago | realcommercial.com.au | Aidan Devine

One of Sydney’s most beloved inner-city watering holes has come up for sale. After more than two decades of cold beers, roaring crowds and late-night legends, The Rose Hotel in Chippendale has been offered to market through an expressions of interest campaign. The Kanellos family, who’ve kept the beer flowing at the Cleveland Street institution for over 20 years, are calling last drinks as they prepare to hand over the keys to one of the city’s most cherished pubs.
Old Castlemaine Gaol sold to school for $2.6m

1 week ago | realcommercial.com.au | Nathan Mawby

A once notorious regional Victorian gaol has been sold for close to $2.6m to an alternative schooling group. The old Castlemaine Gaol, between Melbourne and Bendigo, had been used most recently as a museum for celebrated artist David Bromley, will now be turned into an educational hub by Global Village Learning.