Latest news with #Corio
News.com.au
08-07-2025
- Business
- News.com.au
Childcare to join $50m housing project linked to James Packer
A $50m affordable housing development linked to Australian billionaire businessman James Packer has put a call out for childcare operators to join a Geelong project. The planned childcare centre in the northern Geelong suburb of Corio is expected to attract significant interest from childcare operators looking to get a foothold in one of Australia's fastest growing regional cities. The centre is positioned in the heart of the Edenville residential estate being developed by Sivasli Group and will be located at 26-34 Sharland Rd which is at the entrance to the estate. Corio is expected to see a significant ramp-up in residential development. Global second-hand fashion fave eyes big entry to Geelong Melbourne developer Deniz Sivasli's Edenville group is behind the project, backed by a consortium that includes former casino mogul James Packer and investment guru Joe Gersh. Sivasli Group is also planning a 282-home residential estate on the former Flinders Peak Secondary College site in Hendy St, while Cedar Woods Properties has a 400-lot estate on the drawing board after a $35m purchase in January of an 18.6ha Plantation Rd property. The childcare development is designed by Architecton and will accommodate 124 childcare places and feature a bespoke fit-out for the incoming early learning provider across 1771sq m of building area. CBRE's Australian Healthcare and Social Infrastructure team of Sandro Peluso, Jimmy Tat and Marcello Caspani-Muto are managing the expressions of interest leasing campaign. Mr Tat said childcare centres located within residential estates tend to have outstanding occupancy rates because of increased visibility and accessibility for families. 'What truly sets Corio apart is the absence of other childcare development applications within the catchment area, making it a unique and highly attractive option for operators,' Mr Tat said. 'With over 1100 children expected to be born and move into the area over the next five years, we anticipate the demand-to-supply ratio will reach 4.3:1 – a level that is widely considered very favourable for operators.' Mr Peluso said opportunities to develop childcare centres within residential estates were rare. 'Given the highly favourable demographics and strong demand in Corio, the vendor has decided to pursue a childcare development,' Mr Peluso said. 'We expect significant interest from established local childcare providers as well as new entrants looking to break into the suburb, given the robust demand and limited competition in the area.' The Edenville estate, which will deliver 107 new homes on the site of the former Rosewall Primary School, had a difficult journey to approval at Victoria's planning umpire with Geelong's council labelling it a 'significant overdevelopment'. The expressions of interest lease campaign will close late July.
Daily Mail
22-06-2025
- Daily Mail
Terrifying footage of an Aussie bloke who tried to a group of teens in a car crash highlights everything wrong with the country's justice system
A grandfather has called for tougher bail laws in Australia after he was slashed with a machete while trying to help a group of teenagers in a car crash. Tony Lewis walked outside his home in Corio, Geelong, to phone an ambulance after a stolen Mazda ploughed into his neighbour's home. But, one the four teens inside the vehicle confronted the grandfather with a machete in the street. CCTV footage from the scene showed one of the youths demand him to 'get off the phone, c***,' threatening, 'I'll f***ing kill you'! Mr Lewis said the response was particularly 'frustrating' because he was just trying to help in case one of the youths was hurt. Then, the teenager swung at him with the machete, slicing his leg. 'Life is very fragile,' Mr Lewis told Nine News. 'Because all he had to do was raise his hand maybe a metre, and I could have lost my head. 'I could have lost my life.' Three of the teenagers allegedly fled in a getaway car with a 35-year-old woman, while the machete-wielding youth took off on foot. The 16-year-old alleged driver was charged with a slew of offences, including intentionally cause injury. However, he and another allegedly involved 18-year-old boy were released on bail. Two other teenagers were released with a caution. 'There's got to be consequences and there are no consequences,' Mr Lewis said. 'When people are constantly getting bail it's just ridiculous. 'You know lawmakers have to help protect us. That's what they're there for.'
Yahoo
30-05-2025
- Business
- Yahoo
Leading energy firm sent into tailspin due to US policy changes: 'Refocusing its global operations'
Reuters reported that Macquarie, an Australian investment bank, canceled the sale of Corio Generation because of a lack of interested buyers. Corio owns and oversees a major 25-gigawatt collection of offshore wind projects that span several continents, from Asia-Pacific to Europe and the Americas. The update comes at a time when President Trump's administration has sent global economies into a tailspin with aggressive tariffs, leading to overall market instability. However, the hesitancy also comes as the Trump administration has doubled down on dirty fuel sources like oil and gas, backpedaling on the significant advancements in renewable energy projects made in previous years. Now, Corio is downsizing instead. A spokesperson told Reuters that with the "challenging" market conditions, the company is "refocusing its global operations to prioritize the development of a smaller portfolio of projects which have the clearest route through to construction." Additionally, they said, "This will also require a restructure of the organization to reflect that change in strategy." Corio's projects are also facing challenges with skyrocketing construction costs, higher interest rates, and supply chain issues, Reuters explained. Wind power is both a positive economic force as well as a boon for the environment, curbing planet-heating pollution as it creates high-paying jobs. The U.S. Department of Energy predicts that the wind industry will have the potential to support hundreds of thousands more jobs in the coming decades. It also provides critical tax dollars, contributing an estimated $2 billion in state and local tax payments and land-lease payments annually, per Clean Power. Yet despite this, the Trump administration suspended leasing for new offshore wind projects on his first day back in office in January; the president has also halted the development of other existing projects. This setback could prove incredibly damaging, delaying progress on converting the global economy to renewable energy. This green transition is crucial for achieving carbon neutrality and ensuring the atmospheric stability and the future of the planet. But in the short term, projects like Corio's also generate positive financial returns for investors. While Corio is downsizing, the march toward a renewable-powered future still persists. Projects across solar, wind, hydro, and even nuclear power are contributing to massive growth in the renewable energy sector. In fact, renewable energy is set to be able to meet nearly half of the global electricity demand by 2030, according to the International Energy Agency. And when it comes to wind project development, many states are pushing back on the Trump administration's anti-environmental actions. Seventeen states and Washington, D.C., recently announced that they are suing the administration over its wind power obstruction. On a personal level, both voting for pro-climate candidates and investing personally in green stocks and companies are great ways to put your money where your priorities are. Do you think we should deal with air pollution by burying things underground? Sounds great No way Only for certain waste I'm not sure Click your choice to see results and speak your mind. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
News.com.au
27-05-2025
- Business
- News.com.au
Geelong global fashion company eyes new headquarters
Geelong-based fashion company Stage II is dressing up its digs as it prepares to relocate its warehousing headquarters to the north of the city. The firm is the latest company to pre-commit to the large, new industrial development under construction adjoining the Geelong Ring Road. Stage II and national HVAC supplier Polyaire are the latest high-profile businesses to commit to the Wilmac Corio development at 128-146 O'Briens Rd in Corio. It's the only industrial project in the region offering new warehouses of 1000sq m or more. Three of the 12 warehouses remain on the market for sale or lease, as the developer clocks up $43.7m in transactions in the $56.5 million project. Stage II, which began in a Geelong garage and has evolved into a multinational clothing wholesaler and retailer, has doubled down on the estate, purchasing Lot 4 and leasing Lot 6 for a combined 4811sq m of floorspace. The move will relocate its head office from South Geelong, supporting their expanding logistics operations across Australia, New Zealand, and Asia, Stage II chief financial officer Rohan White said. Stage II has clothing brands including Edge Clothing, Elm Lifestyle and All About Eve. 'Driving Stage II's national wholesale and retail logistic requirements was the need for quality large scale warehousing solutions in the Greater Geelong region – an offering that has been rare in recent years,' Mr White said. 'With convenient access to Geelong's CBD and proximity to our distribution network in Melbourne, the Wilmac estate in Corio quickly stood out as a strategic choice. 'It has since provided to be an ideal location for servicing our customers.' Polyaire has signed a seven-year lease with a five-year option for Lot 1 in Stage 1, securing a 1400sq m facility with mezzanine office space and dual roller doors. The building, on a 2185sq m allotment with 17 car parks, will serve as the new Geelong base for the company as it relocates from Belmont to a more modern, growth-aligned footprint. Polyaire national property and fleet manager Dean Placanica said the development supported the company's commitment to deliver the highest level of service. 'Our Wilmac Corio location is strategically positioned to support our customers' needs and growth well into the future,' Mr Placanica said. 'We believe this site will play a key role in enabling us to serve our clients effectively for the next decade and beyond.' Knight Frank and Darcy Jarman are marketing the warehouses in the two-stage development on behalf of Victorian-based developer, Wilmac. The warehouses, which have been constructed by C3 Constructions, range in size from 1320sq m to 2558sq m. Lot sizes for the remaining warehouse range from 2393sq m to 2656sq m. Knight Frank's Steve Jones said warehouses in Wilmac Corio had been sought after from a range of industrial occupiers. 'Geelong offers relative affordability for industrial users compared to Melbourne, but it also has strong growth prospects given its strategic location as a gateway city, accessibility to key areas such as Melbourne, the Geelong Port and Avalon Airport via key arterial roads, and its growing workforce,' Mr Jones said.
News.com.au
26-05-2025
- Business
- News.com.au
Sold in 10 days: New price guide finds buyer for grand Corio home
A grand Tudor-style Corio home designed by the architects behind Geelong's Dalgety woolstores has sold at the second attempt for $300,000 lower than when it last went under contract. The five-bedroom home at 159-163 Bacchus Marsh Rd, Corio, was snapped up for $1.4m after 10 days on the market, after it was relisted with $1.3m to $1.4m price hopes. The home had changed hands only twice since being built in 1931, last trading for $10,500 in 1978. Geelong suburbs where buying is better than renting revealed The historic house sits among lush private gardens on a huge corner block covering two titles. Buchan, one of Australia's oldest architecture firms, originally designed the two-storey house for the Lowrey family, who acquired the surrounding land in the 1870s. The character-filled interior still displays exposed Australian red cedar beams, polished Tasmanian oak hardwood floors and a grand entrance foyer dressed with vintage 1920s lighting. While the large kitchen/meals area was updated with Corian benchtops, custom timber cabinetry and integrated appliances, there's an old world charm to the stately lounge and dining rooms where a bay window and brick fireplaces feature. Even the bathroom has beautiful stained glass detail. The home was initially listed last September with $1.5m to $1.65m price hopes. Cotality records show contracts were signed for a $1.7m transaction in December that ultimately fell through. Price expectations were subsequently edged back to $1.37m to $1.5m in search of landing a buyer. The median house price in the northern suburb is $490,000, while the top price is $1.5m for a 4033sq m Matthews Rd property with a five-bedroom residence. Barry Plant South Barwon director Chari Emirzade handled the campaign to sell the 1778sq m property, which started with a new price guide, but also a tweaked sale strategy to widen the potential buyer pool. A General Residential Zone Schedule 4 zoning is designed for increased housing diversity, but the site could also be suitable for other commercial uses. 'We sat down and had a look at why the property hasn't sold and what kind of buyers they were trying to get,' Mr Emirzade said. 'I think the missing puzzle piece was not mentioning the zoning. We came up with a different way to showcase the design and what they can do to add more value to the property in different ways. 'It's suitable for a kindergarten, it's suitable for a drive-through business. You can use multiple purposes.'
