Simon Johanson

Simon Johanson

Property Editor at The Age and BusinessDay journalist for Fairfax's theage.com.au, smh.com.au, watoday.com.au and brisbanetimes.com.au.

Investors eye leasehold pubs as Vincent Hotel changes hands

Simon Johanson and Marc Pallisco Spotless chief executive Bruce Dixon, who last month announced he would step down from his top corporate job to help his son, Michael, with his hospitality businesses, will have another high-profile...

Melbourne offices in demand as offshore money floods in

A flood of money from China into Australian assets shows no sign of slowing down.

Simon Johanson Melbourne property player Harry Stamoulis will take advantage of heightened investor interest in the commercial office sector, moving to list two city buildings on Williams and Spencer streets.

MasterChef star George Calombaris' Gazi and Press Club property up for sale

The property leased to George Calombaris' Gazi and Press Club restaurants is for sale with expectations of around $9 million.

Simon Johanson One of Melbourne's best-known dining destinations is on the market.

Colourful businessman and Woolworths plan supermarket on Caulfield site

Frank Penhalluriack.

Simon Johanson Colourful businessman Frank Penhalluriack has struck a deal with retail giant Woolworths to develop a supermarket and apartment complex on his Caulfield building supplies site.

Vantage's vulture fund offloads industrial assets

Boutique property fund manager Vantage Property Investments has sold three industrial properties it brought at the peak of the global financial crisis for $17.6 million on an overall passing yield of 7.4 per cent. They included 23 Fiveways Boulevard, in Keysborough, which sold for $6.5 million on a 7.6 per cent yield to Australian Unity.

Simon Johanson Boutique property fund manager Vantage Property Investments has sold three industrial properties it brought with a "vulture" fund at the peak of the global financial crisis.

Floating palaces: Luxury houseboats build up on Lake Eildon

Luxury cruise: The $2 million boat Legacy.

Simon Johanson Lake Eildon's houseboats are getting bigger and bigger.

Woolworths reignites bid to find North Melbourne development site buyer

Simon Johanson Supermarket chain Woolworths is trying again to find a buyer for a development site that has permits for a supermarket and an apartment complex.

Surplus state land sales surge despite new Andrews government

Simon Johanson At least a dozen disused schools are set to be sold by competitive tender this year as government departments clear a backlog of land and buildings identified in an audit of state assets.

Tax will add $15,000 to price of average city apartment

The property sector is worried the new tax will deter offshore buyers and drive away investors to other states.

Simon Johanson A new tax on foreigners buying property in Victoria will add about $15,000 to the price of an average city apartment, the state government has revealed as it defends the extra stamp duty fee in the...

Sunshine Plaza in Melbourne's west sells for $35 million

The sale of Sunshine Plaza is Victoria's largest neighbourhood centre deal this year.

Simon Johanson Local appetite for supermarket-anchored shopping centres shows no sign of slowing down, fuelled by the low cost of debt.

Spiritualists find new wealth in A'Beckett Street site sale

Simon Johanson A building in A'Beckett Street has sold for well above the asking price.

Judge says landlords can't pass on building safety costs to tenants

Simon Johanson Landlords cannot pass on the cost of essential safety measures such as fire extinguishers, exit signs, compliance reports and sprinklers in their Victorian buildings as outgoings to commercial...

Budget fudges property taxes: industry

Two new taxes on foreign property buyers will help top up the state coffers by a forecast $330 million.

Simon Johanson The Labor state government's first budget will put put cranes in the sky, roads on the ground and tunnels in the earth but it didn't clarify who exactly will be affected by new taxes on foreign...

City apartment boom drives twin skyscrapers plan for Queen Street site

The high-rise proposal is the latest in of a series of super-tall structures planned or in construction.

Simon Johanson The huge tower complex at 350 Queen Street will stand taller than the nearby Melbourne Central building.

Tower plan for Preston Market redevelopment 'compromised'

Simon Johanson A $550 million makeover of the thriving, multicultural Preston Market that includes plans for 1500 homes in towers up to 28 storeys has been "compromised" by the local council, one of Australia's...

Tenant trouble looms for Emporium and Melbourne Central

Retail rivalry: Major retail tenants are spoiled for choice after the entry of Emporium Melbourne to the market.

Simon Johanson The shakeout in retailing from the arrival of Emporium Melbourne is likely to continue for years as the city's newest centre jostles for key tenants with rival retail hub Melbourne Central.

Singapore developer launches first foray into Melbourne house and land estate

 Far East Organization executives (from left) chief operating officer Lay See Shaw,  executive director  Augustine Tan and chairman Ai Lian Fang in Melbourne on Tuesday.

Simon Johanson Singapore's largest private property developer will start construction on a $180 million master-planned community in Melbourne's north next week as it plans other property investments in Sydney.

Collins Street offices in demand

Two historic Collins Street buildings will be offered for sale together as the vendors take advantage of unprecedented buyer demand for Melbourne property.

Simon Johanson Two historic Collins Street buildings will be offered for sale together as local vendors take advantage of unprecedented buyer demand for Melbourne property.

A 101 lesson in maintaining the status quo

101 Collins Street, Melbourne.

Simon Johanson Melbourne's premium office tower 101 Collins has been given $30 million in upgrades to maintain its position among Australia's top office landmarks.

Melbourne's most prestigious tower 101 Collins faces more view threats

The soaring 101 Collins Street.

Simon Johanson Melbourne's most prestigious Collins Street address is under siege from plans for a super-thin skyscraper alongside but analysis of property records show several other sites could also threaten its...