Ozford College has purchased a South Melbourne office building on a yield of 7.73%. The property was sold by Orchard Funds Management, who originally bought the building for $8.9 million in June 2005.
CVA Property Consultants has sold three properties in Melbourne at auction, with sale prices for the properties, in East Brunswick, Coburg and Mulgrave, exceeding expectations.
Three Victorian industrial and commercial properties submitted to the market on Wednesday and Thursday this week have been sold by Crabtrees Real Estate.
Construction industry activity expanded for a third consecutive month in November, however at a slower rate than previous months, with the HIA Performance of Construction Index (Australian PCI) falling 4.2 points to 53.2.