Milieu, Besen family snap up ex-ABC Elsternwick studio
EXCLUSIVE
Boutique apartment builders Milieu Property and Besen have snapped up the Australian Broadcasting Corporation’s ‘Gordon Street studio’, at Elsternwick, for $28.875 million.
The deal was formalised with a long settlement last June – but many details, including price, were never announced.
Nor was the buyer, other than a description about it being a residential developer.
The campaign was second time luckier for the government, which unsuccessfully offered the property in September, 2018, but with a c$45-$50m guide.
Television production ceased there in 2017 after 60 years; shows produced include Countdown, Frontline, Kath & Kim and Spicks & Specks.
Elsewhere in the suburb, also five years ago, the ABC sold another studio at nearby 2-16 Selwyn Street, for c$45m to Woolworths, which was last week permitted by council to replace it with a mixed-use, but predominantly residential 10 storey complex.
Gordon Street studio
On 1.174 hectares, zoned Residential Growth, 8 Gordon St, Elsternwick, includes a prominent building which can’t be demolished (story continues below).
It can be extended though, creating a structure up to eight storeys.
Dwellings would have guaranteed north facing light over the gardens of the Rippon Lea estate, next door.
They would also capture beach views.
Fitzroy based Milieu has developed high end projects in Brunswick, Brunswick East, Collingwood, Richmond,
Besen, which is headquartered in the city but looking to establish its headquarters on a Fitzroy site it acquired in 2019, has built or partnered on luxury projects, too.
Headed by Daniel Besen, it made headlines five years ago demolishing a century old home at 33-35 Huntingtower Road, Armadale, for a townhouse development.
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