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Martin Mankowski's picture
#77

True. The only thing worse than an eyesore is a empty, derelict eyesore! The refurb will at least spruce it up. And a live music venue will make a good change from the stock standard TAB style pub across the road at the Mail Exchange.

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Chris Peska's picture
#78

Absolutely agree. Something tells me that $400k is a drop in the ocean compared to what rowsthorn is destined to reap as profit in the future.

Observe. Design. Build. Live.

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Mark Baljak's picture
#79

Budget hotel group Tune gears up for local drive from Melbourne base

http://www.theaustralian.com.au/business/budget-hotel-group-tune-gears-u...

Damon Kitney
June 17

MALAYSIAN budget hotel chain Tune Hotels is establishing its Australia and New Zealand operational headquarters in Melbourne to help drive its local expansion plans, which include up to four hotels in the Victorian capital.

The first Tune Hotel in Australia will open in Melbourne in November

The 225-room Tune Hotel Melbourne will be in Swanston Street, Carlton, near the University of Melbourne.

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Mark Baljak's picture
#80

AFR

Chadstone redevelopment plans put on hold
PUBLISHED: 22 Jun 2013

> A makeover of Melbourne’s much-loved Chadstone Shopping Centre, faces a delay while the future of ­Commonwealth Bank of ­Australia’s property platform is settled.

The bank has financial advisers looking at ways for it to exit its $20 billion commercial property portfolio, which is overseen by Colonial First State Global Asset Management.

> The landmark centre had been on track for a $520 million revamp, with co-owners, the bank’s CFS Retail Property Trust Group and Gandel, winning approval for a 60,000 square metre project, which would deliver another 25,000 square metres of retail space, along with an office tower and a hotel.

The hotel is slated for an 11-level tower and another, 10-level building will include about 16,000 square metres of high-end office space.

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melbourne's picture
#81

Melbourne office market news:

Rent fears trigger forecasts of panic
BY:SARAH DANCKERT From: The Australian June 27, 2013 12:00AM
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FRESH warnings have been sounded about potential panic among Melbourne office landlords, with an economic forecaster saying net effective rents could fall a further 10 per cent over the next 12 months.

Net effective rents fell 7 per cent to $325 per square metre over the year to June, as the vacancy rate pushed out to 9 per cent, according to BIS Shrapnel.

Some of Australia's largest institutional landlords are facing significant vacancies. These include CBUS Property, Commonwealth Office Property, Dexus, ISPT and Investa.

Read More: http://www.theaustralian.com.au/business/property/rent-fears-trigger-for...

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Mark Baljak's picture
#82

>>>>> AFR

CFS Emporium project takes a $60 million hit

Nick Lenaghan, Samantha Hutchinson and Ben Wilmot

Delays in construction at the Emporium Melbourne have forced CFS Retail Property Trust to write down almost $60 million from the value of its stake in the project. It is expected joint investor Singaporean sovereign wealth fund GIC will have to write off a similar amount. The 45,000 square metre retail development was hit by industrial strife earlier this year, causing cost rises. [b]It was hoped the project could open before Christmas, but the Colonial-managed trust confirmed it was now aiming to open by the end of the first quarter next year.[/b]

 

Singapore’s Keppel snaps up stake in Melbourne landmark

Ben Wilmot and Nick Lenaghan

Singapore-listed Keppel REIT has gained a 50 per cent investment in the $320 million Ernst & Young tower in Melbourne, through a deal with fund manager Colonial First State, which has a call option on the stake. Developed by super fund player Cbus Property, the landmark tower offers 45,000 square metres of office space, rising from the historic Herald & Weekly Times building at 8 Exhibition Street. The Colonial-managed Commonwealth Property Office Fund acquired the call option as part of an earlier deal when Cbus Property bought into the 5 Martin Place project in Sydney. Under that deal, struck two years ago with Cbus, the Colonial fund had until June 30 to exercise the call option at market value. As foreshadowed by The Australian Financial Review, Keppel REIT has announced the deal to buy the 50 per cent interest for $160.2 million, through CFS Managed Property Ltd as its Australian sub-trust trustee.

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Mark Baljak's picture
#83

owen dixon chambers tower crane assembly

COMMERCIAL | News & Discussion, Concepts & Unbuilt Projects

COMMERCIAL | News & Discussion, Concepts & Unbuilt Projects

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Mark Baljak's picture
#84

COMMERCIAL | News & Discussion, Concepts & Unbuilt Projects

PDG Corporation pushes on with former Ansett building
July 10, 2013

PDG Corporation has begun building a five-level podium next to the former Ansett building in Swanston Street as it pushes ahead with plans for a 400-room hotel on its Southbank site and a 200-apartment tower in Elizabeth Street.

The Melbourne-based developer, founded by Vince Giuliano, has its headquarters in the brown, 1980s octagonal building which it owns jointly with entrepreneur Bobby Zagame.

It recently signed up Brookfield Multiplex on a 15-year lease as a major tenant and will extend the podium to 10,000 square metres to house the existing Audi dealership, a new showroom for luxury car brand Maserati and a cafe-eatery.

Read more: http://www.theage.com.au/business/property/pdg-corporation-pushes-on-wit...

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Mark Baljak's picture
#85

one that never made it, 405 Bourke Street design by Woods Bagot - 43L

COMMERCIAL | News & Discussion, Concepts & Unbuilt Projects

COMMERCIAL | News & Discussion, Concepts & Unbuilt Projects

COMMERCIAL | News & Discussion, Concepts & Unbuilt Projects

COMMERCIAL | News & Discussion, Concepts & Unbuilt Projects

COMMERCIAL | News & Discussion, Concepts & Unbuilt Projects

COMMERCIAL | News & Discussion, Concepts & Unbuilt Projects

COMMERCIAL | News & Discussion, Concepts & Unbuilt Projects

COMMERCIAL | News & Discussion, Concepts & Unbuilt Projects

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Paul_D's picture
#86

Is there a flinder's street station thread? I can't find one. All designs are now in and quite frankly I don't know how they're going to choose. As much as I want to love Zaha I find something quite magical about ARM. Then of course there's the wonderful amphitheatre of Hassell. As I said...so difficult

http://vote.majorprojects.vic.gov.au/

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Mark Baljak's picture
#87

nah no thread as yet. love hadid's flowing design but i'd say john wardle's strike's the best balance

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Mark Baljak's picture
#88

mmmmm - big time developer preparing to submit tender for fed square east.

things about to get interesting....

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Dean's picture
#89

Hadid's is off its face mixed in with ARM's river frontage designs would be ideal IMHO.

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Paul_D's picture
#90

I find ARM's the most respectful to the original design with its curved glass roof. Especially the Swanston St entrance. The curved green pylons covered in creepers from the river also really strike a balance between an organic design and something glamorous. It's quite Spanish in a way. Def my favourite but there's a cliched part of me that wants a Zaha design for our city.
I think the Hassell intricate roof is not shown properly in the video and is possibly quite spectacular. Needless to say the amphitheatre with floating stage is quite groundbreaking. Hey at least it's a difficult decision due to good and creative design I guess :)

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Dean's picture
#91

^^ I actually prefer Hadid's design for the amphitheatre since it's covered for all weather conditions.

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Paul_D's picture
#92

Funny you say that, I only just noticed Zaha also has an amphitheatre! Yes def better being covered

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Alastair Taylor's picture
#93
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Michael Berquez's picture
#94

Agree with you Paul...overall I think ARM for me (though their proposal covers less of the train tracks than the others), followed closely by Hadid. The Hassell roof does look spectacular.

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Melbman's picture
#95

For FSS:

ZHA+BVN - I love this proposal, it would not be practical from a budget viewpoint. Love the use of space and the hotel part looks amazing too.
JWA+G - Looks too simple overall, which may be great for the budget, but love the design museum idea (btw, whats with the panda in the render?)
EV+MP+SM - Love this concept. Grassed roof and the placement of the atrium seem great ideas, but I cant see how that would add up in making this a commercially viable proposal.
NH - This one has potential but theres no need for another bridge.
H+H+DM - Inside the roof looks amazing but outside not sure I am a fan.
ARM - Love the school idea to make it work for the community but the rest seems too awkward.

Overall, I tend to like the NH proposal most, without the additional bridge. Trying to justify building another one in that area is asking abit much. Overall the scheme seems to be the most feasible but hard to tell at this stage.

That Fed Sq East news seems very promising. Its got great potential but several limitations too so we will see.

Both those sites will take some very interesting financial models to make work, so good luck to the govt getting these built. LOoking forward to seeing some action on these in the near future.

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Mark Baljak's picture
#96

AFR

ISPT plans to demolish Collins Street building

>> The 27-level National Mutual building at 433-455 Collins Street, completed in 1965, has been considered by some to be a prime example of the post-war International style. But others rate it to be a bland piece of corporate real estate with little heritage value.

It was among a small minority of CBD buildings rejected by Planning Minister Matthew Guy in June this year from a list of almost 100 properties considered historically significant and given heritage protection through a planning overlay.

>> The super fund trust has applied to Town Hall for a permit to demolish the building, which is sitting on a 6400 square-metre site – half a city block.

Planning chair councillor Ken Ong said the demolition permit would not be granted “until we have a clear set of plans for what will take its place there”.

>> Were it to be sold, the site could fetch $100 million or more, market sources said.

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Laurence Dragomir's picture
#97

Emporium:

 

COMMERCIAL | News & Discussion, Concepts & Unbuilt Projects

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Mark Baljak's picture
#98

bit of a doozie

Equiset want Places Vic out of goods shed north in order to redeveop the recent addition adjoining Collins Street into a 40000sqm commercial tower with part of the floorplate on stilts over the goods shed - add it to the strong rumour list

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Melbman's picture
#99

^^ Interesting to hear but I can't see the point. There's plenty of other places for this instead of over the goods shed.

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Mark Baljak's picture
#100

they own it and realise it's an underdeveloped space, plus a rare occurence where the tenant has all but self-imploded leaving vast amounts of empty space currently. opportunistic i'd say

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Mark Baljak's picture
#101

Lend Lease Group : Lend Lease executes Development Agreement for Batman's Hill urban regeneration development

http://www.4-traders.com/LEND-LEASE-GROUP-6491404/news/Lend-Lease-Group-...

COMMERCIAL | News & Discussion, Concepts & Unbuilt Projects

Lend Lease and Places Victoria today executed a Development Agreement for Parcels 5B, 6 & 6A of the Batman's Hill redevelopment site in Melbourne's Docklands. The development of the circa 2.5 hectare site will be staged over approximately ten years and is expected to have an end development value of approximately A$1.5 billion, under a land management structure.

The Batman's Hill redevelopment on Collins Street and Flinders Street is proposed to include in excess of 100,000sqm net lettable area office space, associated retail space and approximately 600 apartments. Lend Lease will also deliver public domain, infrastructure and community space.

Lend Lease Group Chief Executive Officer and Managing Director, Mr Steve McCann, said the company was delighted to have been selected for this major redevelopment site in central Melbourne, located in close proximity to Southern Cross Station.

"The execution of a development agreement reflects our strong capabilities in mixed use inner-urban development, and the success we have demonstrated at Victoria Harbour in collaboration with Places Victoria," said Mr McCann.

"The project leverages our integrated model, including development, construction and funds management and further builds on our Victorian commercial office and residential backlog."

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