MARKET WRAP
Charter Hall and Cbus Property have won the top environment award from the Australian Property Institute for their development at 171 Collins Street in the CBD. Known as the Environmental Development Award, it was received for the city's first Property Council of Australia premium-grade 6-star Green Star Office building, which has achieved a 100 per cent Green Star score in management, energy and water efficiency. Charter Hall also took the Preston Rowe Paterson Joe Curlewis Property Trust Industry Award. Meanwhile, Brookfield Multiplex received the CBRE Property Development Award for its $200 million project, the RMIT Swanston Academic Building.
Sales
BULLEEN
It took just three weeks to sell the vacant 280 sq m freehold office at 21Bridge Street, which fetched $700,000. It was bought by a private local investor, according to Hamish Burgess and Andrew Ryan, of Colliers International.
CBD
The prime retail spot at 115 Hardware Lane, occupied by Japanese restaurant Bentoya, has sold at auction for $1.509 million, returning a yield of 5.4 per cent. A private investor bought the 123 sq m property from a local investor, according to Josh Rutman, Mark Wizel and Ed Wright, of CBRE. The building is between Lonsdale and Little Lonsdale streets.
GREENSBOROUGH
A developer has paid $1.725 million for a site from Banyule City Council: 66-78 Main Street has a permit for two three-level, mixed-use buildings totalling 2639 sq m of office/retail space. The sale was handled by Knight Frank's Tim Grant and Ken Smirk.
MOORABBIN/OAKLEIGH SOUTH
Two self-managed super funds paid more than $5.4 million for two industrial sites in the south-east. The 7452 sq m property at 658-660 South Road, Moorabbin, and the 13,677 sq m property at 1 Valley Street, Oakleigh South, were sold by Knight Frank's Jeremy Lewis and Adrian Garvey.
Leases
CBD
Joseph Haddad, of the Cafenatics Group, will open a new venture, Code Black Coffee after securing a retail lease inside Myer's head office at 800 Collins Street, Docklands. The 44 sq m space attracts rents about $680 per sq m. The deal was negotiated by Michael Di Carlo and Jeremy Marmur, of Savills.
DERRIMUT
An indoor soccer centre will open this month in a 1400 sq m industrial facility located in the Paramount Industrial Estate at 421 Foleys Road. Derrimut Indoor Soccer has taken a three-year lease on a rent of $105,000 per annum. The deal was negotiated by Nick Saunders, of Colliers International.
LAVERTON NORTH
Logistics firm Booth Transport has signed what is believed to be the biggest industrial leasing deal in the city's west this year. The group has taken the six-hectare site at 183 Fitzgerald Road, which includes an 11,000 sq m warehouse. The property was formerly the headquarters of Kalari Transport. The deal was negotiated by Nathan Bingham and Stephen Newsham, of Colliers International.
Movers
Savills has recruited Julian Heatherich to join its city sales and investments team as an associate director. Mr Heatherich had previously spent 13 years with Fitzroys, and W.B. Simpson & Son.
Frequently Asked Questions about this Article…
171 Collins Street won the Australian Property Institute’s top environment award for being the city’s first Property Council premium-grade 6‑star Green Star office. It achieved a 100% Green Star score in management, energy and water efficiency, highlighting strong sustainability credentials for premium commercial property.
The prime retail site at 115 Hardware Lane, occupied by Japanese restaurant Bentoya, sold at auction for $1.509 million and returned a yield of 5.4% on the 123 sq m property.
Yes — a vacant 280 sq m freehold office at 21 Bridge Street in Bulleen sold in just three weeks for $700,000 to a private local investor, demonstrating ongoing demand for smaller commercial freeholds.
Notable deals include Booth Transport taking a six‑hectare site at 183 Fitzgerald Road with an 11,000 sq m warehouse (reported as the biggest industrial leasing deal in the city’s west this year) and Derrimut Indoor Soccer signing a three‑year lease on a 1,400 sq m industrial facility at 421 Foleys Road for $105,000 per annum.
Two SMSFs bought industrial sites in the south‑east for more than $5.4 million in total: a 7,452 sq m property at 658–660 South Road, Moorabbin, and a 13,677 sq m property at 1 Valley Street, Oakleigh South, showing SMSF appetite for industrial land and facilities.
A developer paid $1.725 million for 66–78 Main Street, Greensborough, which has a permit for two three‑level mixed‑use buildings totalling 2,639 sq m of office/retail space.
Joseph Haddad’s Cafenatics Group has secured a retail lease for a 44 sq m space inside Myer’s head office at 800 Collins Street, Docklands, where rents are about $680 per sq m; the deal for the new Code Black Coffee was negotiated by Savills agents.
Yes — Savills recruited Julian Heatherich as an associate director in its city sales and investments team; he previously spent 13 years with Fitzroys and W.B. Simpson & Son.
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