The Brunswick headquarters of celebrated cakemakers Brunetti Oro has been sold, with a surprising new owner emerging for the building leased to the popular sweet treats provider.
Opened in the early 1990s after a warehouse renovation, the Adelphi and its glass-bottomed pool that juts out nine storeys above the street below, quickly became a popular destination for both tourists and local hipsters.
Not so long ago an ageing retirement village would have been sold for redevelopment, but demand for beds is strong and building costs are so high, many are now getting a refurbishment and a fresh lease.
The descendants of the late Melbourne businessman and politician Sir Arthur Warner have sold the freehold on their long-running Anchor Marine business on Beach Road, Sandringham, to a developer for $7.1 million.