Former Mooroolbark Primary School, Melbourne, Sold to Developers

Mr Lucas said the school, at the foothills of the Yarra Valley and near a popular retail strip, was also well serviced by public transport linkages including the Mooroolbark train station.

In May 2010, Three Pillars paid $5.9 million for a portion of the former Bible College of Victoria site in Lilydale, about 35 kilometres east of the CBD.

The Bible College amassed $8.5 million from the sale of its 30-year Lilydale campus, which it subdivided into three portions before listing for sale. It moved to a unique Wantirna South site (pictured) wedged between the Monash Freeway and other motorways in Melbourne’s southeast.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.

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