Melbourne’s much-loved Albert Park may soon be ringed by apartment developments, after Pace Development Group’s purchase of a six-level St Kilda office building. The 181 Fitzroy Street office at the southern tip of the park was bought by the residential developer this week for $17.15million in a deal negotiated by CBRE’s Kiran Pillai and Mark Coster, and Jones Lang LaSalle’s James Kaufman and Steven Messina. Pace intends to redevelop the large glass and concrete building...
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THE Victorian government has released its vision for the Fishermans Bend precinct, with long-term plans for the urban renewal project including two underground train stations and the extension of the Collins Street tram over the Yarra River. The industrial area abutting Southbank and across the river from the Docklands has been earmarked for five new residential suburbs housing up to 80,000 people and will become the workplace for 40,000. A mixture of low-density, medium-density and...
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OPINION by Tim O’Dwyer M.A., LL.B Solicitor Consumer Advocate watchdog@argonautlegal.com.au Bronwyn Brown, wife of a Federal Magistrate, contracted to purchase an apartment in Stage 2 of a luxury river-front development. Before Bronwyn signed this off-the-plan contract, developer Tenncorp Pty Ltd delivered a comprehensive Disclosure Statement pursuant to Section 213 of Queensland’s Body Corporate and Community Management Act. Among many things this Statement included a list of equipment and furnishings – ranging from pool cleaning...
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One of Australia’s leading developers has lost a bitter war with investors after it attempted to alter the floor plan of their luxury apartment complex to house a religious movement founded and managed by its own chief executive. Crown Group sold a vision of six-star living at its future $80 million Viking development in Sydney’s Green Square, using artists’ images depicting a Ferrari showroom occupying the ground-floor space. With the pledge from Crown that both...
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