Corio Bay

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Two shopping centres, one near Sydney one in Geelong, have hit the market.
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Corio Central (pictured above and top) in Geelong is anchored by Woolworths and Coles, as well as a Kmart DDS.
The 31,503 square metre centre is located 8 kilometres north of the Geelong CBD.
Additional tenants include six mini-majors, 82 specialty stores and kiosks, 16 offices and 1 pad site.
Lennox Village (below) is in Emu Plains, approximately 50 kilometres west of the Sydney CBD.
The 10,065 square metre centre shopping centre is tenanted by a Woolworths supermarket, an ALDI, a Dan Murphy’s, 30 specialties stores, a kiosks, one office and five pad sites.
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Simon Rooney, JLL’s Head of Retail Investments – Australasia, said this section of the market was strong.
“Major convenience-based shopping centres continue to generate strong interest from investors, given their exposure to more resilient retail categories such as grocery, F&amp;B and retail services,” Rooney said.
“Buyers see relative value in retail assets given the widening spread to other asset classes and attractive income returns available for quality neighbourhood and sub-regional centres.
“Investors are opportunistically making tactical retail acquisitions to take advantage of the pricing disparity between sectors and individual assets.”
Transaction activity was highest in the $50 million-$150 million bracket in 2018, having increased 74%, on top of 47% growth already recorded in 2017, JLL said.
“Investors are targeting high-yielding neighbourhood and small and mid-sized sub-regional centres, such as Corio Central, with a major focus on retail services as well as F&amp;B,” said Rooney.
“F&amp;B has consistently been the fastest growing retail category over the last five, 10 and 20 years, which underpins solid leasing demand.”
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Corio Central and Lennox Village shopping centres listed

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Aaron Kanat, former managing director of Hugo Boss, has $6 million to $6.5 million hopes for his architecturally designed waterfront home outside of Melbourne on Corio Bay.
<a href="https://www.realestate.com.au/property-house-vic-curlewis-124392942" target="_blank">The two-hectare property</a> has views across the bay from Geelong to the Melbourne city skyline.
The is direct access onto a sandy, north-facing beach.
It comes with a championship tennis court at the rear of the property along with self-contained guest accommodation.
There are four bedrooms and four bathrooms in the house constructed by Hamilton Marino Builders around a decade ago with sliding walls of glass.
The home is listed for sale through Felix Hakins and Jeremy Fox of RT Edgar.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/01/15/Corio%20Bay-2.jpg" alt="">
Over $8 million was being sought in 2010 for the Avila Road holding according to ksou website.
The 52 to 60 Avila Road block cost $1.75 million in 2006.
The top sale on the strip was $4.35 million in 2009 having been listed through RT Edgar at $5.5 million plus for the 2006-built home on 1.75 hectare.
At 25 Avila Road, Hemsley has been for sale on and off since 2011. Agent David Falk's last asking price was $1.9 million for the 1950s home.
Title Tattle recalls the original Hermsley House estate owned by the pioneering Curlewis family was subdivided in the 1970s.
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