4 stories from 2 sources
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RMIT University and Scape, part of The Living Company, will invest more than $270 million combined in the State Library Exchange development above Melbourne's State Library Station. The project is positioned as a major university and property investment in the city.
10:30 PMPropertymarkets News
A concrete hardstand facility in Melbourne's western industrial market has been leased at a record rental rate. The transaction reflects strong demand for well-located outdoor storage and industrial sites.
9:25 PMPropertymarkets NewsInsolvent property developer Bathla Group has 24 hours to negotiate short-term funding with creditors, according to a person familiar with the matter. The talks represent the company's last effort to avoid collapse.
9:18 PMBloomberg Markets
The Eureka Medical Centre at 14 Albert Street, Ballarat, has been sold to a family office through an exclusive off-market process. The transaction reflected a 5.4% yield.
7:45 PMPropertymarkets NewsSummary
RMIT University and Scape, part of The Living Company, will invest more than $270 million combined in the State Library Exchange development above Melbourne's State Library Station. The project is positioned as a major university and property investment in the city.
The project turns a major transport interchange into a concentrated education and accommodation precinct, linking
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The investment signals continued confidence in large-scale, transit-linked education and accommodation developments in Melbourne.
Summary
A concrete hardstand facility in Melbourne's western industrial market has been leased at a record rental rate. The transaction reflects strong demand for well-located outdoor storage and industrial sites.
Record rent confirms that occupiers are competing aggressively for scarce hardstand supply, not just conventional
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The deal shows that Melbourne's industrial land shortage is pushing rents higher across specialized storage uses.
Summary
Insolvent property developer Bathla Group has 24 hours to negotiate short-term funding with creditors, according to a person familiar with the matter. The talks represent the company's last effort to avoid collapse.
Bathla's survival now depends on securing immediate liquidity rather than completing a longer-term restructuring. Creditors
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The deadline could determine whether Bathla's projects continue under a rescue plan or enter a disorderly collapse.
Summary
The Eureka Medical Centre at 14 Albert Street, Ballarat, has been sold to a family office through an exclusive off-market process. The transaction reflected a 5.4% yield.
The sale shifts ownership of a fully established healthcare asset to a family office, underscoring
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The deal signals that healthcare property remains attractive to private capital even outside Australia’s major metropolitan markets.
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