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melbourne's picture
#202

Mirvac has aquired 477 Collins Street, this part of the city is changing so much especially if 555 Collins goes ahead also:

 

COMMERCIAL | News & Discussion, Concepts & Unbuilt Projects

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Mark Baljak's picture
#203

^^ will give it its own thread

Lend Lease fund on CLSA tower
NICK LENAGHAN AND MATTHEW CRANSTON

COMMERCIAL | News & Discussion, Concepts & Unbuilt Projects

>>Lend Lease’s cashed-up Australian Prime Property Fund Commercial fund is in exclusive due diligence on a $180 million Melbourne CBD tower. The powerful wholesale investor has emerged as a surprise bidder for 485 La Trobe Street after an earlier preferred contender, Eureka Funds Management, did not proceed to a deal. The 21-storey building is owned by Hong Kong-based CLSA Capital Partners, which acquired the property only three years ago from Investa for around $140 million

>> The $1.5 billion Lend Lease fund has already been on the prowl in Melbourne. Backed by a mandate from Telstra Super, the wholesale fund was the under-bidder on a $225 million tower at 367 Collins Street. Instead it is the Mirvac Group which has nudged ahead of its rivals to secure exclusive due diligence on the Collins Street property.

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Mark Baljak's picture
#204

501 swanston

COMMERCIAL | News & Discussion, Concepts & Unbuilt Projects

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melbourne's picture
#205

The cinemas on Russell Street have closed, demolition probably won't be far away.
The building will be replaced with a 12 level QT hotel, which will have 188 rooms. Construction is scheduled to begin next year.

COMMERCIAL | News & Discussion, Concepts & Unbuilt Projects COMMERCIAL | News & Discussion, Concepts & Unbuilt Projects

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MelbourneGuy's picture
#206

That's interesting Ryan. I don't think I've seen the plans for this one.

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Laurence Dragomir's picture
#207

120 Spencer's new paint job slowly coming along:

 

COMMERCIAL | News & Discussion, Concepts & Unbuilt Projects

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Mark Baljak's picture
#208

^^ mmmm can't polish that one

AFR
Developer wants partners for $600m Monash project

NICK LENAGHAN
>> Private developer Nick Saraceno is looking to share the load of his $600 million Nova Centre – a mixed-use project near Monash University in Melbourne’s south-east – with prospective partners.

The project gained planning approval earlier this year for a development combining residential apartments, with retail and office space, along with a 225-room hotel.

It is the biggest build in Mr Saraceno’s long career, after he secured the 3.4 hectare site on the Princess Highway more than two decades ago.

Mr Saraceno said he had decided to take the project to market after receiving a number of approaches.

“It’s a large project. It will take three to four years to complete, so it’s good to get others involved,” he said.

>> Plans for the project include 211 ­residential apartments and an eight-level office tower with 15,800 square metres of office space.

More than 22,000 square metres of retail space will fill the lower levels of the project, to be anchored by Woolworths and Kmart.

Close to Monash University, the project includes plans for 190 student apartments.

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Mark Baljak's picture
#209

HK hotel group patiently awaits right site to build in Sydney, Melbourne

HONG Kong's Peninsula Hotel Group is scouring Sydney and Melbourne for a site to build one of its six-star hotels - but the company says it could take as long as 30 years to find the right location.

The Hong Kong and Shanghai Hotels group, owned by the billionaire Kadoorie family, said it had taken three decades to secure the right location in London before committing to buying a Knightsbridge site overlooking Buckingham Palace to develop its latest Peninsula Hotel - and first British property.

- See more at: http://www.theaustralian.com.au/business/property/hk-hotel-group-patient...

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Nicholas Harrison's picture
#210

The Peter MacCallum site in East Melbourne would be perfect for a Peninsula Hotel.

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Dangerous Beans's picture
#211

Interesting call. Peter Mac currently occupies three buildings on a consolidated site of nearly 9000m2. It's a quality location with great views of the city, parliamentary district, parkland and the bay (frontages to Landsdown street, Cathedral place and St Andrews place). None of the present buildinds are great, I'd especially love to see the butt ugly 9lvl concrete brick tower section replaced/renovated. Hieght limits are quite restrictive.

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Qantas743's picture
#212

Scaffolding up on QV to remove BHP logos.

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Mark Baljak's picture
#213

AFR

Emporium loses top luxury brands to Collins Street

MERCEDES RUEHL AND LARRY SCHLESINGER

High-profile luxury brands Miu Miu and Gucci are set to drop plans to open shops in Melbourne’s Emporium development, a project at the centre of the long-running dispute between the major construction union and builder Grocon.

Another luxury tenant, Salvatore ­Ferragamo is also slated to pull out from the $1.16 billion project, according to industry sources.

The Emporium, located on Lonsdale Street, is officially set to be completed in the end of the March quarter 2014, after having been delayed. The centre – co-owned by CFS Retail Property Trust and the Government of Singapore Investment Corporation.

The Construction Forestry Mining and Energy Union is facing potential multimillion-dollar fines for contempt of court if blockades on the site in mid-2012 are found to be illegal. It is believed that Grocon is seeking $10.5 million from the Victorian CMFEU for the blockades.

CFS has put down the delay to their changed building requirements and, to a lesser extent, wet weather and blockades.

A spokeswoman for CFS said the Emporium was still on track for an opening at the end of the 2014 first quarter.

FINAL NAIL IN THE COFFIN
Both Miu Miu and Gucci, who industry sources have confirmed as no longer going to the Emporium, are understood to be considering space back on ­Collins Street, Melbourne’s premier retail strip. “We don’t comment on individual tenancies or leasing deals.

“We can confirm that the development remains in excess of 90 per cent let by income as per the last quarterly update at the end of October,” the CFS spokeswoman said.

CBRE’s Melbourne retail leasing ­specialist Zelman Ainsworth said the delays may have prompted brands to move. “The delays might have been the final nail in the coffin,” he told The Australian Financial Review.

More importantly, he said, it demonstrated that Collins Street would always be home to luxury brands.

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Qantas743's picture
#214

I hope Gucci renovate or move. Their current Collins St store is pretty depressing.

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melbourne's picture
#215

570 Bourke Street:

COMMERCIAL | News & Discussion, Concepts & Unbuilt Projects

 

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melbourne's picture
#216

Construction has commenced on this:

385 Bourke Street refurbishment

In November 2013, we’ll begin a major refurbishment of the main public areas of 385 Bourke Street, including:
Upgrades to the ground floor foyer, with a new café ideal for informal business and client meetings and a hotel-style concierge service
New lift interiors and lift lobbies
Complete refurbishment of the tenancy floor areas, including toilets, adding a shower and disabled toilet to each floor
Premium ‘health spa’ facilities for cyclists and commuters.
Galleria refurbishment and new retail openings

http://www.385bourkestreet.com.au/leasing

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melbourne's picture
#217

Not sure how old this is:

Project East - Mixed Use Development

Overview AREA3 is engaged by Metro Trains Melbourne (MTM) as Development Manager for Project East.

We are responsible for the completion of an Options Analysis for a $330m mixed use development within the Melbourne CBD.

AREA3 devised the methodology for analysing the land to consider State and local government policy requirements in addition to the aims and needs of MTM. AREA3 produced a preliminary feasibility study which detailed potential land development options. We worked closely with stakeholders throughout the process prior to submitting final recommendations. A comprehensive Options Analysis Report has been produced and we are currently working on the next stage of the project.

Services Development Management:

  • Development planning, programming and management
  • Feasibility study analysis
  • Coordinating market research
  • Business case development
  • Site aquisition management.

Infrastructure Advisory:

  • Project planning
  • Project development and business case
  • Procurement and transaction advice and management.

 

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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Mark Baljak's picture
#218

^^ something needs to happen there one day

Chinese driving for Albert Park development

>> Chinese investors are set to pounce on the Albert Park golf course in a redevelopment bid that could inflame tensions with local residents who have battled to protect the iconic inner-city park.
One of China's wealthiest people, businessman and developer Wang Hua, is believed to be behind an offer to buy the operating lease on the city's most prominent public course.

>> Fairfax Media believes the off-shore buyer plans to build an indoor driving range, reception centre and a hotel at the northern edge of the 18-hole championship course if the bid is successful.

>> The pending sale comes as the state government and Parks Victoria have begun work on a masterplan that will guide development in Albert Park for the next 20 years.
"Private-public partnerships and philanthropic investment in the park, facilities and its future are certainly priorities the planning will be taking into consideration," Parks Victoria district manager Ross Williamson said in September.
Parks Victoria estimates the 229 hectares of space in Albert Park is worth more than $858 million.

Read more: http://www.theage.com.au/business/chinese-driving-for-albert-park-develo...

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Kycon's picture
#219

How about the Chinese developers go a submit some bids for Fed Square East and stay away from public parks? Might get the ball rolling on that site.

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melbourne's picture
#220

Cbus strikes Melbourne CBD tower site deal

SARAH DANCKERT THE AUSTRALIAN NOVEMBER 28, 2013 12:00AM

CBUS Property has cut a deal with Industry Superannuation Property Trust over a site in the Melbourne CBD that can sustain a $500 million office tower.

Known widely as the National Mutual tower due to its long-term tenancy, the property at 447 Collins Street has frontage on four streets and has the capacity to hold two towers spanning 50,000sq m.

Cbus has a clutch of office towers under construction in Melbourne, including the headquarters for Victoria Police and Medibank's offices in the Docklands area.

The Cbus project could be suitable for SuperPartners, which has a requirement for 25,000sq m of space in the market. KPMG is also a possible future tenant.

Cbus did not return calls.

See more at: http://www.theaustralian.com.au/business/property/cbus-strikes-melbourne...

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Nicholas Harrison's picture
#221

447 Collins Street proposal from 2001:
COMMERCIAL | News & Discussion, Concepts & Unbuilt Projects

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MelbourneGuy's picture
#222

I have a feeling that any new proposal will be a great deal taller than the 2001 plan.

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Chris Peska's picture
#223

Fed square east bids have been submitted. Announcement for winning bidder shouldn't Be too far off.

Observe. Design. Build. Live.

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melbourne's picture
#224

^^ Hope so!

Collins Street is getting so much investment at the moment:

Proposed/Approved:
80 Collins Street - Office
447 Collins Street - Office
464 Collins Street - Residential
477 Collins Street - Office
555 Collins Street - Office

Under Construction:
150 Collins Street - Office(technically...)
567 Collins Street - Office
568 Collins Street - Office/Residential

Recently Completed:
171 Collins Street - Office
357 Collins Street - Office

Good times.

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Laurence Dragomir's picture
#225

360 Collins Street might also be getting expanded floor plates and a new skin.

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Chris Peska's picture
#226

Collins Street is certainly the most prestigious street in Australia. There is a lot of demand both locally and internationally and only very limited space... time to start building higher?

Observe. Design. Build. Live.

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