Tag Archives: business

$100 million hit to business during Metro Rail construction

$100 million hit to business during Metro Rail construction

Business acquisitions and disruptions during the construction of Melbourne Metro Rail will cost the CBD nearly $100 million in lost gross value added (GVA). The environmental effects statement (EES) published by the Metro Rail Authority (MMRA) predicts $60 million losses around CBD North station and $35.5 million around CBD South station. In the north, the

New dental clinic

If your pearly whites are in need of some attention then head on over to the city’s newest dental clinic. Located at the base of the Channel 9 building at 717 Bourke St (enter via Aurora Lane), Southern Cross Smiles is close by for local workers and residents and is easily accessible via Southern Cross

Corporate catering in the CBD

It was 1991 and Elizabeth and Andrew Dunoon set out to achieve the Australian dream of owning their own home and business. What started back then as Hannigan’s Cafe in Lonsdale St has today evolved into the highly-successful Elizabeth Andrews Corporate Catering. Andrew recalls that in 1991, business was going from strength to strength until

Call for resident-free city zones

By Shane Scanlan A suggestion has been made to ban residential development from parts of the CBD to protect commercial property owners from unintended extra costs. Property Council of Victoria deputy executive director Asher Judah says the Postcode 3000 experiment has been so successful, it risked undermining the CBD as a commercial centre. Mr Judah

A case study in international property expansion

By Andrew Clugston Malaysian listed development group, UEM Sunrise Bhd (“UEMS”), one of Malaysia’s leading property developers has marked its first venture in Australia with the acquisition of two development sites in Melbourne’s central business district. Acquiring sites at 224 LaTrobe St and 23 Mackenzie St for a combined $65 million, UEMS plans to join

Hotels still high on foreign buyers’ lists

By Andrew Clugston Melbourne’s reputation as the events capital of Australia ensures strong occupancy rates for CBD hotels right throughout the year, leading to strong demand from offshore groups for either established hotels or hotel development sites. With Melbourne playing host to yet another major international event, the International Convention of Jehovah’s Witnesses, and the

Malaysians chose Melbourne for business mission

By Andrew Clugston Melbourne’s CBD continued to out shine other Australian capital cities when we played host last month to 20 of Malaysia’s largest and most successful property developers. The Real Estate and Housing Developers Association of Malaysia (REHDA) chose Melbourne for this year’s three-day business mission from September 3 to 5. Seeking development and

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