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Written by Marc Pallisco
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Monday, 17 May 2010 00:52 |
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 MIRVAC is believed to have made about $13 million from the sale of a 4.4 hectare Port Melbourne development site, once owned by General Motors Holden.
The Sydney-based developer this week exchanged contracts to sell the cleared block of land, to a private investment company.
Mirvac’s Victorian development manager Christian Graham confirmed the sale but declined to comment on the details including buyer or price.
The industrial development site is not in keeping with Mirvac’s recent strategy to focus on residential developments.
Jones Lang LaSalle selling agents Ashley Buller and Robert Mirabello also declined to comment about the sale.
The massive site is expected to be redeveloped into a business park with high tech warehouses.
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