A clutch of Collins Street strata offices owned by bankrupt Victory Offices founder Dan Baxter has sold to one of the city’s biggest private landlords for $11.21 million.
Howzit My China is looking to build a new state-of-the-art self-storage facility in Abbotsford, which is surrounded by apartments, many of which are too small to fit their occupants’ belongings.
Australia’s three-year electoral cycle means the Australian Electoral Commission can only sign up to three-year leases, and that relatively short lease term can chip away at a property’s value.
A Tarneit development site 25 km west of the CBD held by collapsed property fund Remi Capital has been sold for $11.1 million, with an Asian-based land banker beating five other candidates to control the 3.7 hectare property.