Nick Williams buys Melbourne shops, apartments
Nick Williams, who heads the Hudson Conway business his father, Lloyd, co-created, has snapped up a high-profile mixed-use asset at the western edge of Elwood’s Ormond Village.
The executive is paying $5.38 million for 79 Ormond Road (pictured, top), developed in the 1980s and offered for the first time in 35 years.
With 16 apartments, two ground floor retail tenancies and 18 car parks, the property occupies 865 square metres zoned Commercial 1, at the north east corner of Beach Street.
It was marketed for its potential to be replaced, revamped or sold down.
CBRE’s Nathan Mufale, Alex Brierley, David Minty, Scott Hawthorne and JJ Heng were the agents.
Wizel Property Group’s Mark Wizel is believed to be acting for the buyer.
Mr Williams and his father also own racehorses; the latter is actually the Melbourne Cup’s most successful owner.
The family is a major commercial real estate investor and developer too; in 2019, it sold a Keysborough block to Frasers Property Industrial which has since turned it into a business park, while a decade ago, it built uber-luxury apartments at 41-43 Marne St, South Yarra.
Subscribe to our newsletter at the bottom of this page.
