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Jul 10, 2010
Historic laneway sale — The Age (Australia)
Type: Press
Author(s):
Marc Pallisco Source:
The Age (Australia) RECEIVERS for the failed Letten Group have recovered $13.31 million from the sale of an historic Flinders Lane office and retail building. Savills agents Clinton Baxter and Nick Peden sold 167-173 Flinders Lane at auction yesterday, in front of a crowd of about 250 people. The property, on the southwest corner of Hosier Lane, was previously controlled by Mark Letten and celebrity health expert Dr John Tickell, who paid $3.67 million for the asset in September 2001. A permit to build ...
Jun 5, 2010
Private property // Divine development sites — The Age (Australia)
Type: Press
Author(s):
Marc Pallisco Source:
The Age (Australia) THE Uniting Church is continuing to offload prime real estate. It can expect to make about $6 million from the sale of a church, hall and car park (above) at 12-14 Spring Road, Malvern, near the Toorak and Armadale borders. The 3033-square-metre site, which is zoned residential 1 and has two street frontages, is expected to make way for a medium-density residential project, given the push to build up, instead of out, as per the government’s Melbourne @ 5 Million planning ...
May 29, 2010
VicRoads may find it expedient to move on // Scientologists move on — The Age (Australia)
Type: Press
Author(s):
Marc Pallisco Source:
The Age (Australia) [...] Scientologists move on THE Church of Scientology has finally offloaded the CBD headquarters it has occupied for 30 years. Property developer David Marriner, responsible for the redevelopment of Collins Street’s Regent Theatre, has bought the building, which has redevelopment potential despite being on a small site of about 346 square metres. The religious group, whose tax-free status has been the subject of two recent Senate inquiries, is believed to have made about $ 8.5 million from the sale of the ...
Nov 30, 2008
Church of Scientology cancels auction — RealEstate Source
Type: Press
Author(s):
Marc Pallisco Source:
RealEstate Source PROSPECTIVE purchasers and commercial real estate agents were left standing at the altar again this week, after the Church of Scientology abandoned the sale of its city headquarters, just hours before a scheduled auction.
The Church blamed planning delays, and other issues concerning the development of its new headquarters, as the reason it cannot vacate its 4-level Melbourne home of almost 30 years.
This excuse was cold comfort for the dozens of investors who had shown an interest in the 42 ...
Nov 29, 2008
Scientologists leave buyers at the altar again — The Age (Australia)
Type: Press
Author(s):
Marc Pallisco Source:
The Age (Australia) PROSPECTIVE purchasers and commercial real estate agents were left standing at the altar again this week, after the Church of Scientology abandoned the sale of its city headquarters, just hours before a scheduled auction. The church blamed planning delays, and other issues concerning the development of its new headquarters, as the reason it cannot vacate its four- level Melbourne home of almost 30 years. This excuse was cold comfort for the dozens of investors who had shown an interest in the ...
Oct 27, 2008
Church of Scientology to Sell City Headquarters — RealEstate Source
Type: Press
Author(s):
Marc Pallisco Source:
RealEstate Source The on again - off again campaign to sell the Church of Scientology Melbourne headquarters at 42 Russell Street is on again, and it’s public.
Colliers International’s Matthew Stagg and Pat Burke will auction the Church’s outgoing headquarters, on the north-east corner of Flinders Lane next month.
The building has been touted off-market for private sale this year at between $7.5 million and $8 million, but no deal was done. The building was withdrawn from sale just before a scheduled auction ...
Aug 2, 2008
Property commercial market (sub-header: "Travelling North-West") — The Age (Australia)More: groups.google.com
Type: Press
Author(s):
Marc Pallisco Source:
The Age (Australia) Written by Marc Pallisco
Saturday, 02 August 2008
The Church of Scientology is close to selling its Russell Street headquarters, as it prepares to leave the CBD.
Sources say the church will reap about $8 million for the four-level heritage building, on the corner of Flinders Lane. It paid $720,000 in 1980.
The church, whose members include Kirstie Alley, Tom Cruise and Lisa Marie Presley, is restoring and renovating the former Sisters of Mercy College in Ascot Vale.
It is expected ...
Jul 25, 2008
Church of Scientology to Sell Melbourne CBD Headquarters — RealEstate Source
Type: Press
Author(s):
Marc Pallisco Source:
RealEstate Source The Church of Scientology says it is considering proposals to sell its headquarters in the central business district, in its move to the suburbs.
The controversial religious denomination can expect to make about $8 million in today's market for the historic four-level building, on the corner of Russell Street and Flinders Lane.
The building occupies a tiny slice of the city block, dominated by the Grand Hyatt hotel and near the 101 Collins Street office building.
The Church of Scientology recently ...
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