MACQUARIE Capital Investors has been appointed to sell a 50 acre Burwood asset, in Melbourne, acquired by cinema group Reading in the mid 1990s.

The Burwood Square development site, approved by the Whitehorse Council in 2008, is reported to be worth about $46.7 million on Reading's books.

The development proposal provides housing for more than 1000 residents on one part, according to the AFR. A mixed use residential, office and retail complex, and a 17-screen cinema is earmarked for another part.

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THE "For Sale" signs continue to be erected around Docklands, with Melbourne developer Equiset the latest to put an office to the market, this time at 737 Bourke Street.

The 11-storey, 19,000 square metre office is known as the National Foods building, and is expected to fetch about $115 million.

Babcock & Brown is seeking about $300 million for a neighbouring building, at 717 Bourke Street.

Related article: $300 Million Docklands Office Quietly Being Marketed For Sale

CEDAR Woods has paid $18 million for a 273-hectare development site, offloaded by the Department of Defence.

The former Bushmead Rifle Range at Hazelmere is expected to be redeveloped into a housing estate with up to 900 residential lots.

Cedar Woods is a listed company. The Hazelmere acquisition was made by a subsidiary Dunland Property, according to the AFR.

GOLD Coast property developer John Fish can expect to make about $35 million from the sale of a 68,000 square metre development site at Hope Island.

The site includes the Marina Quays Tavern.

Paul Smerdon, a spokesman for developer the Fish Group, told the AFR the project would be better suited to someone with more experience at running mixed use sites.

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ST KILDA properties that previously accommodated two of the area’s most established local businesses have sold to a developer.

The single-level Vasiliki lobster crayfish site, and an adjoining two level building which for years traded as Earl’s Hardware, will be cleared to make way for a new $50 million-plus luxury apartment project, with ground floor retail.

The buildings are spread across two properties between 173 – 177 Barkly Street, at the corner of Belford Street – which is one of just two roads that intersect with the popular Acland Street retail strip nearby.

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IT was rightly marketed as one of Richmond’s last major development sites, when it hit the market in late 1990s.

And now, the one hectare former Jaques industrial facility, occupying an “island site” bound by four streets – is ready to be redeveloped into an apartment based project.

Marketing boards have been erected around the property directing prospective purchasers to a website, where Melbourne Real Estate is accepting registrations of interest for the first dwellings in the new major complex.

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THE compound known for years as the Ovens Benevolent Asylum, in Beechworth, has hit the market as a development site.

The State Government can expect to make up to about $2 million from the sale of the 6.5 hectare property which includes five heritage protected historic buildings, and a subdivided vacant tract of land.

Construction of the first asylum building started in 1862 with buildings added in 1867, according to the Heritage Council of Victoria.

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PUB baron Ricky Munday is selling a historic home in Geelong’s trendy inner-city suburb of Newtown.

Mr Munday is asking $2.75 million for the four-bedroom plus two study double storey mansion, which Robert Creece Real Estate’s Peter Bell is marketing for private sale.

National Australia Bank placed the Geelong-based Munday Group in receivership earlier this year and after the pub baron failed to sell his company’s eight Victorian hotels, which included 432 gaming machines.

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A SITE at one of the busiest intersections of the north-eastern suburbs, looks set to be redeveloped at last.

Seven years since closing as a service station, a cleared site on the corner of Manningham and Thompsons roads, in Bulleen, has sold to a local developer for $1.85 million.

The 2180 square metre block was marketed with a permit for a four-level, 31 unit apartment complex with a two level basement car park.

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IAN Lemon, the prominent South Melbourne real estate agent who saw Southbank and Docklands develop from dank industrial hubs, into thriving waterfront communities – died this week after a battle with cancer.

The founder of commercial real estate agency Lemon Baxter in 1980, started his real estate career in 1972.

Up until two weeks ago the stalwart was working at the Lemon Baxter business, which he sold about five years ago. A funeral is to be held Tuesday.