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Melbourne's commercial real estate rebounds with major property sales, including a $50M tennis facility purchase.
The Kooyong Lawn Tennis Association has bought a property from Vision Australia for over $50 million to build tennis courts and a wellness centre.
In Melbourne, several commercial properties are being sold or relisted, including Albert House in Richmond for over $2.4 million, a Church Street site with a hotel permit expected to exceed $20 million, a Cremorne office at auction with a $3–$3.3 million estimate, and a fully leased Camberwell Junction building targeted at over $25 million.
These transactions reflect renewed activity in Melbourne’s commercial real estate market following a 2023–2024 downturn.
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Los bienes raíces comerciales de Melbourne se recuperan con grandes ventas de propiedades, incluida una compra de instalaciones de tenis de $ 50M.