Morry Scwartz Sells Melbourne CBD Development Site he Couldn’t Get Off The Ground

He told the AFR “financing large scale developments was tough, with banks demanding equity contributions and presales that were out of reach for some developers.”

“The banking situation has made it difficult for smaller groups,” he said.

Chip Eng Seng has completed two Adelaide projects, but Mackenzie Street will be its first in Melbourne.

Share or Recommend article

Marc Pallisco

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

Marc Pallisco

Leave a Reply

Your email address will not be published. Required fields are marked *