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Auction pushes Wheelers Hill unit to $813k sale
Auction pushes Wheelers Hill unit to $813k sale

News.com.au

timea day ago

  • Business
  • News.com.au

Auction pushes Wheelers Hill unit to $813k sale

A two-bedroom unit with a backyard big enough for a barbecue, blitzed its price guide at auction, as four bidders fought it out in Wheelers Hill. The single-level home at 1/187 Jells Rd sold under the hammer for $813,000, with bidding quickly climbing above the listing's quoted range of $770,000-$810,000. Auctioneer Robert Cincotta took fast-paced offers from four competing buyers before selling under the hammer to an older couple, whose daughter helped them secure the keys. Tragic side of Aus housing crisis exposed Ray White Ferntree Gully's Cristine Jones said she had a lot of young families and downsizers throughout the campaign. 'It was the buyers' daughter who helped them bid,' Ms Jones said. 'It turned out I'd actually sold a home to her previously, so they knew the area well and wanted to be close.' Set at the front of a boutique complex, the home offered a 268sq m block with an oversized covered deck, grassed yard and ceiling fan, features that made it stand out from most units in the area. The home had last sold in December 2020, and while the capital gain was modest, Saturday's auction drew a strong crowd and signalled continued momentum in Melbourne's southeast. Seller Warren Taylor, who also sold a previous home with the Ms Jones, said the result was 'very, very pleasing'. 'I enjoyed the access to all the facilities, it's opposite the shopping centre and the library. Everything's within walking distance,' Mr Taylor said. 'We're thrilled with how it all went.' Inside, the home included an updated kitchen with stone benchtops and Miele appliances, polished timber floors, ducted heating, refrigerated cooling and a single-car garage with internal access. The result adds to a string of solid winter sales in Melbourne's southeast, as buyers move early ahead of a widely anticipated rate cut next week.

HOCHTIEF to expand UK data network with sustainable centres
HOCHTIEF to expand UK data network with sustainable centres

Yahoo

time6 days ago

  • Business
  • Yahoo

HOCHTIEF to expand UK data network with sustainable centres

HOCHTIEF PPP Solutions is set to establish the HOCHTIEF Data Center Partner in the UK to build a comprehensive network of sustainable centres. The company's latest move comes as it aims to advance the rollout of its European data centre strategy and will now transfer its German model to the Irish and UK markets. This is aimed at addressing the increasing demand for cloud services and computing capacity. HOCHTIEF's new entity will be led by real-estate and technology expert Warren Taylor. As part of its broader strategy, the company will establish a pan-European network of EDGE data centres. In collaboration with Thomas-Krenn, HOCHTIEF has founded the joint venture (JV) Yorizon, which improves the company's YEXIO centres with hardware and the latest cloud computing solutions that support digital sovereignty. In 2025, the initial data centre is set to open in Heiligenhaus near Essen, Germany, with sites for four additional centres already secured. The YEXIO data centres focus on sustainable construction, energy efficiency, and local integration. They utilise liquid cooling systems, local renewable energy, and integrate into municipal heating networks. HOCHTIEF PPP Solutions management board member Bernd Holtwick said: 'These projects make a significant contribution to the digital transformation of small and medium-sized enterprises, to strengthening regional data processing capabilities, and to achieving modern urban development and climate goals.' The company and Palladio Partners have signed a land purchase agreement for a YEXIO data centre in Dorfen, near Munich. The facility, covering around 7,500m², will provide computing capacity for regional companies and focus on sustainable operations. Construction is scheduled to begin in early 2026, with commissioning expected by mid-2027. Prior to this development, HOCHTIEF, in partnership with cloud solutions provider IONOS Group, expressed interest in constructing and operating an AI 'Gigafactory' in Europe. "HOCHTIEF to expand UK data network with sustainable centres" was originally created and published by World Construction Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio

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