%%EOF 0000007806 00000 n 0 developers, the Deague family, for $86 million ... DEAGUE GROUP MOVES INTO THE . Melbourne’s wealthy Deague family has kicked off construction of a $175 million speculative office development in South Melbourne, as it looks to hedge its residential development business with an incoming-producing asset amid an “uncertain” property market.The Deague Group paid $24.65 million last year for the 4000-square-metre site at 101 Moray Street, next to its existing Kings Business Park, which has five buildings and 33,000 square metres of office space.101 Moray Street will house a seven-level building that will offer 16,000 square metres of office space and hotel-like amenities, according to Deague Group chief executive Will Deague.“[Fringe office] rents are at record highs and rising. View all our maintenance manager vacancies now with new jobs added daily! View all our facilities vacancies now with new jobs added daily! 0000002894 00000 n �II�H�֒����8 ��lMjR_����k%�?��k�͏�v�{��\0��f��{��{�}��"�(�;� Photo: Supplied 0000003975 00000 n
It’s good times for office development in an uncertain property market,” Mr Deague said.“Other developers are waiting for pre-commitments to get finance. This is a . trailer 0000004559 00000 n 0000003336 00000 n One of the last remaining areas untouched by developers, Deague Group recently purchased a 45.6ha of neighbouring land for $86 million, or $1.89 million per hectare. The property is one of the last remaining pieces of land yet to be snapped up by developers in the “Craigieburn West Precinct Structure Plan”. startxref Listed four days ago 4d ago at Deague Group. 0000005043 00000 n Find your ideal job at SEEK with 1,153 maintenance manager jobs found in Craigieburn VIC 3064. 0000007249 00000 n xref 0000006970 00000 n Our client Deague Group located at Kings Business Park, presented an opportunity to convert an underused carpark corner into a high-end health and wellness facility, offered exclusively to their commercial tenants. 0000009064 00000 n We are going ahead with no pre-commitments as we are so confident in the market and location and are not reliant on finance.”He said the group was in talks with prospective office tenants with requirements ranging from 5000 to 9000 square metres.“If we don’t land a big one we will cut the building up into 500 to 1000 square metre offices and micro-manage the building like we do at Kings Business Park,” he said.Mr Deague said the office project was just further diversification for the group. This week we recorded 19 major transactions worth $438M. 0000000695 00000 n

Read more: This $4m modern Sydney beach home could be yours for a fiver In June last year, the Deague Group paid $86m for a 70ha ($1.23m/ha) site just north of the Troutbeck farm at … ���_) � �,�`|��E���}P͕��9�Q���{ *�I, �O��H��T�6e�mw����C_���r��,���l��$���Ѿ�\�a�AuI���Ń��+�����S��z,rl��3�h��ζ��k�z�ںy���홾c�g#/�C�uc['}t|����H����OjB������U����/�F5Vw��Q�Yw�����nv5�0���N�1��U�D��q���Vg�us�Ǜ��p���T��o����|o�]�@WƑ��M��z y�톇���}��Z'�'h5�zf�KJI�k�TQ�1/�f�ЛҲ�_hᜎ��t����P8/��f-*]��>7є,YQV�|�"B 0000003173 00000 n The sale of a significant landholding in Craigieburn in Melbourne’s north to traditional apartment . 6204 19 27/03/2019 . <<5B08BC9096729F4199852E5E9EFFB520>]/Prev 12103187/XRefStm 2894>> 0000009637 00000 n * Set amongst high profile developers including Stockland, Deague Group, Satterley and Pask Group * Close proximity to Stockland’s Successful Highlands Estate * 29km from Melbourne CBD and just minutes from Craigieburn Central and Craigieburn Train Station The property is offered for sale by EOI, closing Wednesday 27th November, 12 noon. Picture: Alex Coppel. 6222 0 obj <>stream 0000003747 00000 n 0000005939 00000 n 0000000016 00000 n Over 160 people came out on a chilly winter’s evening for a ‘fireside chat’ with Deague Group CEO, William Deague and Ironfish CEO, Joseph Chou. “We intend to hold it as a long-term multi-generational asset as we have done with Kings Business Park, which we have owned for 16 years.”Last year the Deagues sold their Art Series Hotel chain to Mantra for $52.5 million, while investing $86 million in a 70-hectare greenfield land parcel in Craigieburn with capacity for 1000 homes.The family has close to 1000 apartments under construction in Melbourne, having completed one of the tallest suburban apartment towers in Box Hill, settling more than 500 apartment sales.The group will draw on its experience creating luxurious art-inspired hotels, with 101 Moray to include a digital interactive wall on the ground floor showcasing art by local artists, a club lounge, end-of-trip facilities, gymnasium and sauna, concierge service, restaurant and co-working facilities.With vacancies at record lows in the Melbourne CBD, investors and developers have turned their attention to the fringe and inner-suburban Melbourne office market including South Melbourne, South Yarra, Richmond and Cremorne, where values and rents are rising sharply.Earlier this year private developer Caydon Group sold a $100 million office development in Cremorne, to be tenanted by MYOB, to global investment giant AXA.The Deague Group South Melbourne office development is due to be completed in mid-2020.e[dm-listing-recommendation experimentname=’midcontent-listings’ positiononpage=’midcontent’][dm-listing-recommendation experimentname=’below-content-listings’ positiononpage=’belowContent’]Speculating: Deague family start $175m office tower with no tenant101 Moray Street will offer hotel-like amenities including a club lounge and gym. Facilities Jobs in Craigieburn VIC 3064. Developer Deague Group recently snapped up 45.6ha of neighbouring land for $86 million, or $1.89 million per ha. %PDF-1.4 %����

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0000008359 00000 n The largest deal this week was the proposed purchase by Growthpoint Properties of 836 Wellington Stree

There is no stock coming and yields are at record lows. Spilling out of the Ironfish North Sydney boardroom, attendees gathered to hear unique insights into the life and success of a prominent business-leader, w