Alan Bond’s grandson Banjo Bond’s company has purchased a key building in the Murray Street Mall for $32.25 million.
A Japanese museum devoted to “cute poop” is among the multiple new shops and restaurants which have opened in the past year and cut the CBD retail vacancy rate by 44 per cent.
In a thumping vote of confidence in Melbourne’s CBD,luxury retailer Chanel has paid $75 million to buy its 10-year-old boutique on the corner of Russell Street and Flinders Lane.
Not-for-profit landlord,the Jacka Foundation,is selling the historic Fitzroy factory where the Southern School of Natural Therapies has operated for nearly 30 years.
Offshore investors and smaller local funds are emerging as the most likely opportunistic buyers in the retail sector where centres are selling for less than it would cost to build them new.
The office where deceased lawyer John Adams defrauded a slew of investors is up for auction.
The Melbourne CBD property market got off to a rocky start when the Hill of Content bookshop passed in on a vendor bid of $5.7 million.
The cost of living crisis facing most Australians is not slowing sales for global luxury retailers.
Melbourne’s pubs rarely fetch the eye-watering prices achieved in New South Wales and Queensland,but sales and leases are firing up.
Workers’ return to the office,more tourists and an influx of international students are providing a boon for CBD businesses.
The national vacancy rate of 14.8 per cent is the emptiest CBD buildings have been since the mid-1990s but things are looking up as workers return to cities.