Office of Housing Buys Former Box Hill Aged Care Facility

287 Station StreetTHE Office of Housing has paid close to $4 million for a disused aged care facility in Box Hill.

Dwellings on the 2480 square metre site, opposite the Box Hill Tennis Club and near the Surrey Hills and Burwood suburb borders, are expected to be refurbished before being made available to public housing tenants.

The purchase continues a trend of the Federal Government, and associated public housing service providers snapping up prevalent development sites all around Melbourne and Victoria.

Some of the biggest public housing projects are currently under construction in Abbotsford, Ashwood, Carlton, Ringwood and Wonthaggi.

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Indonesian Timber Merchant Pays $24.3 Million For Major Box Hill Office, Melbourne

AN Indonesian timber merchant is understood to have paid $24.3 million for one of Box Hill’s most prominent office buildings.
The government leased 883 Whitehorse Road office was quietly sold this week, reflecting a yield of about 8 per cent, based on the suburban office’s annual income of just over $1.98 million.

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Whitehorse City Council Rejects 38-Level Box Hill Proposal

PLANS for a 38-level building in suburban Box Hill were rejected by the Whitehorse City Council this week and will now be decided by the Victorian Civil and Administrative Tribunal.
The proposed 133-metre tower, earmarked for an open air car park behind Centro Box Hill Shopping Centre, will include 232 apartments, 176 hotel suites, 4350 square metres of offices and about 4,110 square metres of retail space.

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ING Offloads ATO Box Hill Office For $43.8 Million

990 Whitehorse Road, Box HillTHE ING Office Fund has sold a suburban office in Melbourne for $43.8 million, reflecting a high yield of 10 per cent.

The 990 Whitehorse Road office in the eastern suburb of Box Hill is fully occuped by the Australian Taxation Office for whom it was purpose built. The ATO’s lease  at the 21,235 square metre multi-level building expires in 2014.

Views currently enjoyed by the building’s tenants over the Box Hill railway line may soon be lost if a proposed 38-level mixed use tower, mooted for a car park site at the corner of Station and Carrington streets in behind the Centro Box Hill shopping centre, proceeds.

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Box Hill Leasing Activity

The once troubled Box Hill office market is enjoying record low vacancy, after a string of lease deals totaling almost 3000 square metres.

The biggest deals were to software management group ManageSoft, which will lease 728 square metres at 18 – 20 Prospect Street, and healthcare merchandiser Melaleuca, which will lease 506 square metres at 826 Whitehorse Road.

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New Plan for 33-Level Skyscraper in Suburban Melbourne

NEW plans are in the works to redevelop the Box Hill car park which four years ago was earmarked to become suburban Melbourne’s tallest skyscraper.

Developer AXF Group is in discussion with the Whitehorse City Council to build another landmark project at the 545 Station Street site, near the corner of Whitehorse Road and behind the Centro Box Hill shopping centre, which is atop the busy train station.

In 2008, The Age reported plans by the site owner to replace the 2417 square metre site, currently an open-air car park, with a 39-level tower, offering office and retail space, as well as an unconfirmed number of apartments (some of which would have been managed as hotel suites) estimated by some to be a couple of hundred.

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Former Government Pound Hits Market as Development Site

A MAJOR development site offloaded by the State Government six years ago for $2.8 million, has hit the market again, and is expected to sell for almost twice that amount.

The former Box Hill dog pound at the south-east corner of Canterbury Road and Hay Street is being offloaded by retirement village operators, who have decided against building a major 76-unit aged care facility on the site.

The block will be sold with two permits – allowing for an aged care redevelopment, or a more medium density traditional residential development with ground floor shops.

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Ultra Tune Buys Strata Office in Stockland’s Tooronga Redevelopment

DESPITE a job in which driving luxury cars is a perk, Ultra Tune boss Sean Buckley doesn’t want to travel for too long, to get to work.

Mr Buckley will relocate the company’s headquarters from Box Hill, to Glen Iris, after paying a speculated $2.4 million for a 400 square metre strata office suite, part of Stockland’s massive $500 million Tooronga Village redevelopment, about nine kilometres south-east of town.

Even though development at the Glen Iris site has been rampant in recent years, Stockland is only into the first redevelopment stage, of five.

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Australia’s Largest Homemaker Centre Set to be Developed in Springvale, Melbourne

AUSTRALIA’s biggest Homemaker Centre will be developed in the outer south-east suburb of Melbourne, not far from Autralia’s biggest shopping centre, Chadstone.

The 80,000 square metre $286 million facility will include about 20 stores including Melbourne’s second IKEA, and a Harvey Norman store.

The project was “called in” – effectively approved – by the Planning Minister Justin Madden last Friday, along with a 38-level apartment building and hotel in Box Hill, and another apartment tower in Southbank.

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Landmark Decision to Build 38-Level Apartment Building in Melbourne’s Suburbs

Justin MaddenBOX Hill will be identifiable from almost all of Melbourne, after the Victorian Planning Minster Justin Madden “called in” a controversial 38-level tower, behind the Box Hill train station.

The tower would be the tallest outside of the CBD and St Kilda Road area, and is one of two projects called in by the Minister this month.

The other sped-through project is a $100 million homemaker centre in Springvale, in Melbourne’s south-east.

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