MFB Buys Outmuscles Developers For Huge West Melbourne Development Site

Sources say the board, part of the MFB, will develop the West Melbourne site into an administration or training based facility, however this could not confirmed.

In total five properties spread over Roden and Stanley streets were amalgamated into the one super property, which was marketed by WB Simpson North Melbourne.

Director Richard Simpson said demand for the asset was strong with interest coming from both national and local developers.

“Surprisingly, there was also very good inquiry from owner occupiers who recognised that opportunities to purchase large sites like this close to the CBD do not arise often,” he said.

He wouldn’t comment on terms of the deal, nor buyer, but said the new owner plans to rebuild the property for its own use.

The MFB occupies office space in Richmond, East Melbourne, Thornbury and Blackburn. A spokesman for the MFB failed to return calls when contacted by Capital Gain.

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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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