Jenkins family banks $100m from apple orchard
The Jenkins farming family has sold a Wantirna South apple orchard to developers for close to $100 million. The 14.96
Read moreThe Jenkins farming family has sold a Wantirna South apple orchard to developers for close to $100 million. The 14.96
Read moreDEVELOPER Three Pillars has bought another disused education facility in Melbourne’s outer east.
This time, in Mooroolbark, the builder has paid the Department of Education and Early Childhood Development $4.6 million for a 1.9 hectare former school, expected to be replaced with a new housing estate.
The former Mooroolbark Primary School at 1-5 Central Avenue, about 31 kilometres from town, was listed for sale by Jones Lang LaSalle’s Dominic Gibson and Matthieu Lucas. The state government, which listed the school for sale last November, accepted a long seven month settlement.
Read moreA Newhaven property developed in 1928 as the St Paul’s Boys Home is being sold by The Knox School. The
Read moreSYDNEY-based developer Mirvac is building a giant freeway wall which will block Melburnian’s travelling on the Monash Freeway from seeing one of the south-eastern suburb’s most familiar eyesores.
As part of its Waverley Park stadium townhouse redevelopment, which is nearing completion, Mirvac is required to build a freeway wall to mitigate traffic nose for new residents.
Read moreIN AN environment where government bureaucrats and planners behave like Melbourne has less land for redevelopment than London, it’s no surprise VicRoads is trying to flog off a poorly located site beside the junction of three busy highways.
VicRoads has requested to rezone two parcels of land known as 25 and 55 Burwood Highway, in Wantirna, which it compulsorily acquired to build the Eastlink tollway, but no longer needs.
The affected land is well serviced by transport – abutting the busy intersection of Burwood and Mountain highways, and Eastlink, about 25 kilometres east of the CBD.
Read moreSYDNEY-based developer Mirvac will launch its sixth Docklands skyscraper, Yarra Point, in October.
Mirvac will adopt a design strategy used at its Tower 5 complex nearby, and the Melburnian, in St Kilda Road, by targeting top-end buyers with a high quality product.
This is reflected in the sale price, where one-bedroom flats are expected to be priced from $500,000.
The distinctive $200 million tower, 31-level tower will include 201 apartments in one, two and three bedroom configurations.
Yarra Point will include a rooftop garden, communal barbecue facilities and a gym atop a fifth level podium.
Read moreA CHINA-based developer is believed to be paying more than $100 million for what is the biggest development site put to the Melbourne market in recent years.
The offshore group is expected to be announced within weeks as the buyer of Doncaster’s massive 47 hectare Eastern Golf Course, about 15 kilometres east of town.
The 86-year old course is expected to be redeveloped into a $1 billion village of shops, offices, and apartments, after the club relocates to an as-yet-unbuilt development in about 2013.
Read moreTWO years after Mirvac paid Brickworks Limited a staggering $100 million for its Austral Bricks site, in Melbourne’s south-east, the Sydney-based developer is ready to start marketing the first homes.
Mirvac Victoria CEO John Carfi says the first blocks at the site, known as 525 Stud Road, in Scoresby, should be put to the market in October.
The Austral Bricks site spreads 56 hectares, and spills into the neighbouring suburb of Wantirna South.
Read moreTHE BIBLE College of Victoria has amassed $8.525 million from the sale of the Lilydale site it has used as its main campus for more than 30 years.
The college split its prominent college into three, before listing it for sale earlier this year.
In the biggest sale, Mount Waverley based property services business Three Pillars paid $5.9 million for a 4.1 hectare main campus site. It plans to refurbish existing buildings into residential accommodation – most likely a mix of apartments, units and townhouses.
Read moreRINGWOOD’s Memorial Clocktower Park will be replaced with a one-way bus lane, under plans being proposed by the Department of Transport and to be considered by the Maroondah council.
The proposal would see a park relocated to a site, currently used as a car park, east of the Clocktower.
A large cypress tree and other vegetation will be removed to allow bus access to a new railway station interchange from Wantirna Road.
Read morePLANS to redevelop the 56 hectare Austral Bricks quarry in Scoresby, and part of Wantirna South, are “well progressed”.
Sydney-based developer Mirvac said it has applied to subdivide the massive property into about 1,000 housing lots, which will eventually accommodate a mix of 2, 3, 4 and 5 bedroom terrace and freestanding homes. A new mixed use shopping centre will also be developed on the site, about 25 kilometres south-east of town.
EASTERN GOLF Club board members will sell their massive Doncaster golf course, paving the way for a mixed use development of bulky good shops, offices, apartment towers and houses, with a potential end value of more than $1 billion.
The 48-hectare property, accessed by more than 12 suburban streets, is expected to sell for about $100 million to a developer, which sources expect will capitalise on the prominent Doncaster Road frontage with commercial and high density residential buildings, and subdivide what is currently an 18-hole golf course, into more than 1,000 housing lots.
Another round of major properties were quietly put to the market by institutions this week.
Read moreMinister for Ageing Justine Elliot MP officially opened Australian Unity’s $25 million Victoria Grange Aged Care facility in Wantirna South this week.
Read moreOnce, $500,000 bought a house in most suburbs but that was before last year’s boom that caught everyone by surprise. With prices cooling, we look at what it buys in the city, coast and country.
Read moreThe suburb of Bayswater and neighbouring suburb of Bayswater North are located about 35 kilometres east of the Melbourne CBD.
Read moreMirvac has purchased a 56 hectare residential development site in Melbourne’s south east. Chief executive officer, Victorian Development, Greg Collins,
Read moreALMOST $17 million in suburban service stations changed hands this week on low yields, as demand from private investors for securely leased retail assets intensified.
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