Lowe Living swoops on another site
Lowe Living has swooped on a the former Real Estate Institute of Victoria headquarters, in Camberwell.
The developer is speculated to be paying c$40 million for the 3807 square metre amalgamation, 335 Camberwell Road and 8 Butler Street.
It will proceed with a permitted 10 level complex with 69 dwellings and 213 car parks.
The acquisition comes 18 months after another builder, Angle, agreed to buy the properties, for c$26m.
Angle unveiled plans for the apartment replacement in February, adding it planned to start construction next year.
JLL brokered the onsale.
Six months ago meanwhile, Lowe acquired the ex-Savoy reception centre in Brighton, for $23.55m after a sale to Primeland two years earlier failed to settle, for closer to $30m.
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