This was no fly-by-night profit making for Mr Stamoulis - his family's company had bought the property in 2003 for a hefty $38 million. One Collins Street came into play in 2015 when developer Paul Fridman, of Fridcorp, in partnership with boutique real estate financier Wingate Group entered into due diligence, but a deal did not eventuate. The 82-level tower proposed for 555 Collins Street that planning minister Richard Wynne has refused. advertise with us. The Stamoulis Property Group has led many successful and large-scale projects throughout Australia. Load More. But a decision taken by the Andrews government makes it clear how lucky Mr Stamoulis was to own - and sell - a Collins Street building under the previous planning minister, Matthew Guy. In January this year, Fragrance gave up on its tower plan and put the site back on the market for a rumoured $100 million. Keyword Lawn (1) Looking for certain features . Harry’s father Spyros Stamoulis had origins in Epirus and relocated to Australia at the age of 12 to later build a financial empire. Mr Stamoulis, the son of Spiros Stamoulis, who made his fortune in soft-drink beverages, runs the Stamoulis Property Group, which recently sold 277 William Street to EG Funds Management for $45.9 million and is offloading another Melbourne office tower, 120 Spencer Street, for about $165 million. 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Stamoulis Property Group The Stamoulis Property Group has led many successful and large-scale projects throughout Australia. Min Area (sq ft) Max Area (sq ft) Property ID . The Andrews government's planning minister, Richard Wynne, has knocked back an application to build an 82-level tower on the site at the corner of Collins and King streets, opposite the Rialto. Mr Guy did so, according to his "reasons for decision" justifying the change, because of a need for more premium-grade office space on Collins Street. Verified developer This developer has been verified by the Urban community team. He sold the company in 2004 and later created a real estate and investment business. Year Established: 1855 – Employees: 1001+ – ABN: – Comment: https://www.buyersdomainaustralia.com.au/, http://oneagency.com.au/office?office_id=174, BMT Property Valuers & Quantity Surveyors, http://www.cityresmelbourne.ljhooker.com.au. Rate cut pours fuel into housing market, but is it too much? Labor overturns decision by Matthew Guy, slashing millions off prime city site. The group has also developed the Vogue offices and stores compound of 30.000 square meters in the suburb of South Yarra in Melbourne. Macquarie Park Village. Sold out . It is understood the deal was brokered by Paul Henley and Martin O'Sullivan, of Knight Frank, both of whom declined to comment. Mr Stamoulis, the son of Spiros Stamoulis, who made his fortune in soft-drink beverages, runs the Stamoulis Property Group, which recently sold … STAMOULIS PROPERTY GROUP. 280 William Street, Melbourne VIC 3000 Save Contact. Some of their well-known developments include the Argus Centre, a 30,000 sqm office building located in the heart of Melbourne and Salt, a $750 million development of almost 1000 lots at Tweed Heads. The Stamoulis family also owns the island of Nausika (Oxia) in the Ionian Sea. Some of their well-known developments include the Argus Centre, a 30,000 sqm office building located in the heart of Melbourne and Salt, a $750 million development of almost 1000 lots at Tweed Heads. It is seldom broken - although one notable exception is the Rialto on the corner opposite. STRUCTURAL and CIVIL ENGINEER The tightest yield was most likely AMP Capital's $39 million acquisition of 425 Collins Street from the Halim Group, struck on a 5 per cent yield in September. 588 dwellings . Moreover, Harry Stamoulis is the owner of 3XY Greek radio station, Hellas television channel and Ta Nea newspaper in Melbourne. Some of their well-known developments include the Argus Centre, a 30,000 sqm office building located in the heart of Melbourne and Salt, a $750 million development of almost 1000 lots at Tweed Heads. The value of 555 Collins St has been slashed. Agent Min Beds . Συνεχίζοντας σε αυτό τον ιστότοπο αποδέχεστε την χρήση των cookies στη συσκευή σας όπως περιγράφεται στην πολιτική cookies. Mr Guy also granted the Stamoulis Property Group the change to the city's planning laws because of the economic contribution construction of "an iconic development" on the site would bring. The One Collins Street office complex has been sold for $125 milllion. Mr Guy also said he stood by his decision to change the planning rules for the site to allow a skyscraper to be built. Are we missing a project from this developer? Mr Guy inserted a clause into the Melbourne Planning Scheme in 2013 that allowed a skyscraper on the site, at 555 Collins Street, to be built overshadowing the Yarra River. He’s also the founder of the Melbourne’s Hellenic Museum. 568 Collins St, Melbourne VIC 3000 . Share via SMS. 137. Join to Connect Stamoulis Property Group. Property Type . According to CBRE, the record building rate on Collins Street was the $12,000 a square metre paid by Singapore investors for Newspaper House, at 247 Collins Street, which sold for $23 million in May 2015. Property magnate and BRW rich lister Harry Stamoulis has bought the One Collins Street tower complex at the top of Collins Street, Melbourne, for $125 million from fellow rich lister Robert Magid and his sister, Eleanor Goodridge. A director of the Fragrance Group's Australian arm also said they were unable to comment on the sale when contacted on Sunday. The Stamoulis family’s worth is estimated at $540 million and derives from the refreshment company Gold Metal, founded by the ever memorable Spyros Stamoulis. Thomas Conway. Sign up to our new weekly Inside Property newsletter, Help using this website - Accessibility statement, AMP Capital's $39 million acquisition of 425 Collins Street, Secret Sydney terraces set to smash suburb record, Centuria buys $115m worth of short-stay hospitals. Property Status . 3 MIN. Both the building rate and yield for One Collins Street are at the expensive end of recent office deals on Collins Street, which has had a flurry of activity with about $1 billion worth of towers changing hands in the past 12 months. Min Garages . Owner, Stamoulis Property Group Melbourne, Australia 1 connection. SORT BY: LATEST NEWS. Selling now . Clay has worked at The Age since 2005, covering urban affairs, transport, state politics, local government and workplace relations for The Age and Sunday Age. The deal for the office complex, dominated by the 17-storey modern tower overlooking Treasury Gardens and Parliament House and including an 1870s heritage residence that served as Australia's first war cabinet room in 1914, was struck on a tight 5.25 per cent yield and at a high building rate of more than $9000 a square metre. Send yourself a link via SMS to download our free app, Add your number and we'll send you a link to download the app. Add project. W... Find the right property. The Stamoulis Property Group again declined to comment when contacted by The Age on Sunday. We help you review, compare and choose your ideal off the plan property around Australia, Choose with confidence knowing you have considered, compared and selected from all our available options, We provide you with the decision assistance and guidance from ‘selection to settlement’ and beyond. But Mr Guy granted Mr Stamoulis the right to build on the site a super-tall skyscraper that would overshadow the Yarra River's southern banks. CONSTRUCTION DURATION 36 months. However, both these building are much smaller B-grade offices and in less prestigious locations on Collins Street. At Victoria Body Corporate Services, we prepare financial accounts complying with the relevant st... Want to sell your home without an agent? ADVERTISEMENT. The 82-level tower proposed for 555 Collins Street that planning minister Richard Wynne has refused. Stamoulis Property Group, real estate agents, listed under "Real Estate Agents" category, is located at 280 William St Melbourne VIC, 3000, Australia and can be reached by 0386159000 phone number. The head of the Stamoulis group at the time the site was bought was Harry's late father, Spiros. Supplied. Stamoulis Property Group (03) 8615 9000. Residential 21 Aug 18. Mr Guy said on Sunday that, while he knew Harry Stamoulis, he had nothing to do with the seat of Bulleen. Stamoulis Property Group Real Estate Agents - Melbourne, Victoria, 3000, Business Owners - Is Stamoulis Property Group in Melbourne, VIC your business? Developer Harry Stamoulis didn't get to be head of Australia's 95th richest family, with wealth of over half a billion dollars according to the BRW Rich List, without some good fortune. We are not a sales agency or property development company. Main Location . ADVERTISEMENT. © Copyright 2015 - 2020 First Chance Group Pty Ltd. Another agent said a price around $60 million was more realistic. Stamoulis Property Group. Explore similar businesses nearby : Fletchers Projects - Shop 1 413 Elizabeth St Melbourne 3000 VIC, BRADY Residential - 396 La Trobe St Melbourne 3000 … Spiros Stamoulis was heavily involved in preselection for the safe Liberal seat of Bulleen in the 1990s. Agents Knight Frank did not return a phone call about the sale on Sunday. One city real estate agent said on Sunday the company was now unlikely to be able to sell the site for much more than $67 million, based on a very optimistic price of $30,000-per-square-metre for the 2241-square-metre site. Subscribe to our newsletter and you will receive updates about our new articles, activities and Greeks who are thriving everywhere, all around the globe. A key planning rule for Melbourne dictates that buildings must not overshadow the river's southern bank. Min Price . Buyers Agent Sydney Whether you are looking for a ... Year Established: 1998 – Employees: – ABN: – Comment: Fair market assessments. The Stamoulis Property Group has led many successful and large-scale projects throughout Australia.
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