Victoria Commercial Property News

Sydney “bar tsar” Justin Hemmes has broken his silence on why he has inexplicably ventured south, buying his first property outside of NSW with the purchase of Melbourne’s historic Tomasetti House in a $40m-plus deal. Mr Hemmes’s Merivale Group purchased the landmark Flinders Lane property from the Millett family, in what he said was the start of a national expansion for the company.

Potential investors could play their part in growing the number of beds in Geelong’s accommodation sector with a landmark Corio hotel.

Two bidders pushed hard to secure the high-profile corner property at High Street, Belmont.

A rare opportunity to own one of the Mornington Peninsula’s only glamping sites is ripe for the picking.

Two commercial tenancies in a landmark building at the entrance to Geelong’s CBD are expected to generate strong yields. They go to auction on Friday.

A Coburg North motel plagued by insects and drug dealers, and compared to a “night in hell”, is being marketed as a development opportunity.

Property funds group Charter Hall has snapped up the home of the Four’N Twenty meat pie from Patties Foods, in a $141m deal that will see the pie maker pour capital back into its factories. Charter Hall’s unlisted industrial fund has bought two food manufacturing facilities in Victoria from Patties in a 30-year sale and leaseback deal, with the purchase also covering the site where its meals range is produced.

It took a while to find a pulse at the auction of a Canterbury ambulance depot being sought for a wide range of purposes.

Prime retail space in Pakington Street and Ormond Road are set to attract plenty of attention from buyers.