Andrews government outbids developers for prime site

The government is speculated to be paying well over $6 million for 528 Station Street.


The Suburban Rail Loop Authority has snapped up a prominent eastern suburb medical centre offered for the first time since 1977.

Two SRL entrances (marked, black dots) are planned at Box Hill, both north of 528 Station Street.

The government is speculated to be paying well over $6 million for the 836 square metre Commercial 1 zoned block at 528 Station Street, Box Hill, opposite Golden Age Group’s Sky Square and near Vicinity’s Box Hill Central, which is earmarked for a $2 billion makeover.

An ex-Longriver site on Whitehorse Road, permit-ready for a hotel, sold this week for $12,990 a square metre.

Also abutting a council owned park at 530 Station St, on the south east corner of Harrow, the SRL property could accommodate a third admission point; the project’s planned two entrances would otherwise be north of Box Hill train station.

Alternatively, the asset may be used for something more immediately practical like a site office, car park or information centre.

An SRL spokesman declined to comment.

Box Hill, which following a high density apartment building boom in recent years has been marketed as ‘Melbourne’s second city’, replacing Dandenong, is 14 kilometres east of the CBD.

Another Box Hill deal

Cushman & Wakefield’s Leon Ma, Oliver Hay, Karim Ford and Jeff Ha closed a developer-focused expressions of interest campaign for 528 Station St on June 22, the day a deal was struck with the SRL (story continues below).

Golden Age Group’s proposed Sky Square at 517-521 Station Street.

The vendors and former occupiers paid $117,000.

The deal comes a week since Golden Age listed a childcare centre for lease, part of a three level hospitality, retail and office focused podium, SKY SQR.

That asset will sit beneath two 17 storey buildings – a project called Sky Square – earmarked for a former council car park at 517-521 Station St.

Led by Jeff Xu, that developer also recently purchased a 1191 sqm Commercial 1 zoned development site at 69 Carrington St, offloaded by receivers representing Longriver.

Coincidentally, this week, another ex-Longriver property in the suburb, 874 Whitehorse Rd, permit-ready for a 28 storey, 230-suite hotel, sold to a developer for $8.6m.

In May, meanwhile, Accor, for its Novotel arm, committed to a 23 level, 102-suite guesthouse under construction at 702-706 Station St.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of