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Administrators to Recover Just Half of Mowbray’s Debts From Campus Sales

The two Caroline Springs campuses are the most suitable for medium density residential redevelopment.

Sources say private schools seeking an avenue into the growing western suburb private school market see the Melton campus in particular as a chance to buy well below cost price.

CBRE and Fitzroys are representing administrator Deloittes marketing the three ex-Mowbray sites.

 

About Marc Pallisco

Marc is a leading Real Estate freelance writer, author and analyst. He is also the founder for Realestatesource.com.au and is also employed as lead property writer for The Age. He currently resides in Melbourne, Victoria.

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