Charter Hall Buys Nylex Mentone Sites, Gets Moving Developing Residential Development

The developer has lodged plans to build 122, double storey townhouses on part of the site it quietly bought last August, for its Charter Hall Opportunity Fund No 4 (CHOF4).

A Charter Hall spokesman told The Age if the residential proposal is approved by the City of Kingston, marketing and construction of the Oak Avenue homes could start by the end of the year.

A separate portion of the Nylex Mentone site, owned until recently by retail giant Harvey Norman and earmarked for a major bulky goods centre, has also been quietly sold to CHOF4.

In total, Charter Hall has quietly outlaid about $10 million for the Mentone holding in the past seven months.

Nylex sold the Mentone property in 2003 as part of a restructure which saw it import plastic materials, largely from Malaysia.

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Marc Pallisco

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