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Flinders Lane home of Chris Lucas's Kisume sold for $25m


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A commercial building on Melbourne’s Flinders Lane that’s home to renowned restaurateur Chris Lucas’s Kisume has smashed expectations to sell to a Melbourne-based private investor group for about $25 million on yield of just 2.5 per cent.
The Flinders Lane building sold for $5m more than expected 
It’s the third major property sale on Flinders Lane this year, where multiple lockdowns have not dampened investor enthusiasm for commercial property assets.
The laneway is Melbourne’s premier, late-night dining precinct and home to some of its most popular restaurants and bars including Chin Chin, Cecconi’s and Supernormal. ....

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Ousia Investments to flip multi-level Domain carpark

Ousia Investments to flip multi-level Domain carpark
smh.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smh.com.au Daily Mail and Mail on Sunday newspapers.

New South Wales , Joe Brzezek , Tony Tripodi , Nicole Lindsay , Rorey James , Max Warren , Nathan Mufale , Gorman Kelly , Steven Paglia , Tom Isaksson , Dan Murphy , Daniel Eramo , Dylan Kilner , Jesus Christ , Julian White , Robert Kelly , Scott Hawthorne , Matt Stagg , Nick Breheny , Anthony Kirwan , Carlton Square , Mormon Church , Investments Commission , Activity Centre , Boundary Hotel , Paglia Properties ,

McNee eyes post-pandemic bounce in city fringe offices


McNee eyes post-pandemic bounce in city fringe offices
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By Simon Johanson
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Developer Bill McNee is looking for a $70 million post-COVID windfall after identifying and meeting tenants’ demand for an amenity-soaked, boutique, city-fringe office.
Three years ago, the developer began a speculative office build in South Yarra in competition with multiple other city fringe projects that were either under way or being spruiked to prospective tenants.
11 Wilson Street South Yarra.
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Now Mr McNee’s company Vicland, after a quick build and leasing program, has put its newly complete and fully tenanted office at 11 Wilson Street on the market through Colliers’ International with a price tag around $70 million. ....

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Former motorcycle store revs up CBD market


Former motorcycle store revs up CBD market
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The former home of longstanding retailer Peter Stevens Motorcycles has hit the market in the Melbourne CBD, complete with plans for a 10-level retail development above it.
The motorcycle dealership has exited the three connected buildings at 337-347 Elizabeth Street, having sold the property for $31.5 million two years ago to interests associated with developer Longriver Group.
Melbourne’s commercial property market is revving up. 
Since then plans were formulated for a $110 million retail tower, with the development winning council approval this year.
Together, the three existing buildings – of two and three storeys – along with the added value of a development approval could fetch as much as $38 million. ....

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