Couriermail.com.au A MELBOURNE-BASED boutique property fund manager has secured its first asset in Brisbane – a character office building that is home to a leading radio station. Vantage Property Investments paid $28.65m for the 1940s built Willoughby and Co Woolstores building at 130 Commercial Rd, Teneriffe. Vantage managing director Matt Spring said they were seeking…
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RealEstateSource.com.au In its maiden deal outside of Victoria, Vantage Property Investments has purchased a warehouse converted office in Brisbane’s inner east Teneriffe. The four storey, 4097 square metre Willoughby & Co Woolstores building at 130 Commercial Road is setting the fund manager back $28.65 million. The seller, Centuria managed Primewest, paid $20.35m inclusive of costs…
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Retail Source Vantage Property Investments has sold a Collins Street office for more than twice what it paid in 2015. HThree City Australia is spending $72.625 million on #446 following an off-market deal; it is the Singapore group’s maiden Australian acquisition. The vendor outlaid $33.76m, holding it on behalf of an entity co-directed with Malaysian…
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Retail Source A Box Hill office offered permit-ready for a 30-storey mixed-use skyscraper has instead sold to an investor – for $17.158 million. The four level property, 26-28 Prospect Street, contains 3028 square metres, 8.6 per cent of which is vacant. Vendor Vantage Property Investments recently undertook a major renovation including modernising all amenities and…
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Retail Source A slice of Melbourne’s industrial past, the building featuring the neon-lit Skipping Girl sign, is up for sale. The waterfront office complex opposite the Victoria Gardens shopping centre in Abbotsford has been home to the heritage-listed Skipping Girl since 1970. Heritage Victoria believes it was the first animated neon sign to be displayed…
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Nine News A touching tribute to the woman known as Little Audrey.
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www.afr.com Exclusive – Larry Schlesinger Having made a whopping profit from the sale of a St Kilda Road office tower this year, Melbourne fund manager Vantage has returned to the city fringe office boulevard, buying a partially vacant building for $58 million from the Lederman family’s SHL Nominees. Vantage Property Investments has acquired 574 St…
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www.afr.com Nick Lenaghan Private equity firm KKR and its local partner Vantage Property Investments have made a quick but profitable exit on Melbourne’s St Kilda Road, finding a buyer for an office building that went on the market with expectations of $92 million or more. An offshore buyer, which has exposure to the local market,…
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www.afr.com | The Australian Financial Review Larry Schlesinger Office rents on Melbourne’s St Kilda Road Boulevard are surging to new highs as vacancy rates tumble and cost-conscious tenants seek alternatives to the pricey, tightly-held CBD office market. Local fund manager Vantage Property Investments, lead by Matt Spring and Hamish de Crespigny, is claiming a new…
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Nick Lenaghan Private equity form KKR and its local partner Vantage Property Investments have decided the time is right to push a St Kilda Road office tower back into the market just two years after acquiring the asset. Vantage, lead by Matt Spring and Hamish de Crespigny, bought the ten-storey building at 420 St Kilda…
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FINANCIAL REVIEW – Retail Source Rupert Murdoch’s News Corp has sold the premises of its Leader community newspaper business in Melbourne’s eastern suburbs for $30.2 million. The mostly vacant, 6059-square-metre office building at 1 Chapel Street in Blackburn was acquired off-market by Melbourne fund manager Vantage Property Investments, led by Matt Spring and Hamish de…
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FINANCIAL REVIEW – Retail Source Local fund manager Vantage Property Investments has cashed in on the rising heat in suburban office markets with two off-market sales for a combined sale price of $24.5 million. The sales represent a 69 per cent uplift to the $14.5 million combined purchase price for the two assets which were…
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