Office

Selling buildings that seemed like a safe bet when purchased three years ago is hurting investors’ hip pockets.

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Office property valuations have collapsed by more than 10 per cent and alarm bells are ringing that they could fall even further.

One property fund and landlord is doing its bit for the environment, and saving money.

The Poulakis family, owners of luxury clothes retailer Harrolds, are selling the old Victoria University CBD campus.

The last shipyard of its kind in Victoria is for sale eight years after the last vessel plunged down the slipway.

“I’m no guru property guy. I just love old buildings and love to create restaurants in them,” says culinary king Chris Lucas.

When times get tough, cashed up investors with deep pockets start looking for distressed property.

It’s a question occupying minds in the property industry as office occupancy dwindles and little used buildings face redundancy.

The Pistorino family owned a portfolio of six properties including shops and offices in Carlton and Moonee Ponds.

People in Alphington and Fairfield might have to wait longer for supermarkets they have been expecting.

Australia’s richest barrister Allan Myers, KC, has quietly snapped up the ANZ bank branch in Carlton, down the road from his old university.