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Sales

CBD

An investor has paid $1.45 million for a ground-floor retail space in the Fender Katsalidis designed Hero apartment building at 144 Little Collins Street. The shop is rented to Pilkington Jewellers and the sale represented a yield of 6.2 per cent. CBRE's Josh Rutman and Ed Wight negotiated the deal.

SOUTH MELBOURNE

A private investor has snapped up 129-131 Market Street in South Melbourne for $1,725,000. The sale represents 3.5 per cent passing yield, Teska Carson agents Carlo Faganello and George Takis said. The 450-square-metre building is tenanted by the Pedders Shock Absorbers chain.

HAWTHORN EAST

The building leased to Paul Mathis' famous Firechief restaurant has sold for $4.4 million. The property, at 169 Camberwell Road has two street frontages and includes a laneway cafe called Goldilocks. Fitzroys'

Chris Kombi and Mitchell Humphreys handled the sale in conjunction with Grita Angelucci of John H. Castran.

Leases

CBD

The Australian Institute for Teaching and School Leadership has taken a full floor of office space in Juilliard Group's building at 440 Collins Street. The education provider will occupy 1208 sq m on a five-year term. Recently, Educational Services Australia took an extra 500 sq m and Cliftons Australia renewed the 3810 sq m it holds in the 20,000 sq m tower. Rents are advertised at $380 a sq m plus outgoings. Juilliard Group's Nick Lidonnici negotiated the deals.

CBD

British menswear brand Peter Werth has opened a pop-up shop in the Howey Place retail precinct, making its first foray outside of its in-store outlet in Myer. Based on deals along the strip, the 33 sq m tenancy is likely to attract rents of about $4000 a sq m. Michael Di Carlo and Jeremy Marmur of Savills said the pop-up store was being used to test the market with an eye to potentially establishing a long-term presence in the CBD.

Movers

Former Knight Frank director Andrew Macqueen has left the firm after 10 years to open his own business specialising in the Victorian industrial market, Industry Property Group.

Submissions to sjohanson@theage.com.au or cvedelago@theage.com.au

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