More Commission Flats for Abbotsford

ANOTHER former commercial building in Abbotsford is being converted into a major residential project.

The former Harold Boot Company factory, at the corner of Gipps and Nicholson streets, is being redeveloped by Common Equity Housing Limited, and the Office of Housing, into a $25 million, five-storey, 59-unit complex.

Twenty five apartments – representing just over 40 per cent of the overall project – will be set aside as public housing, part of the Federal Government’s plan to build 80,000 social and affordable dwellings nationally by 2012.

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$2 Billion Central Park Unveiled, Sydney

Sydney CUB Brewery Redevelopment, BroadwayTHE $2 billion redevelopment of Broadway’s former Carlton & United Brewery site, in Sydney, will begin “immediately”.

The NSW Planning Department approved the project, Central Park, which spreads 5.8 hectares and will include apartments, commercial and a retail precinct.

Frasers Property Australia, headed by Singapore property developer Stanley Quek, paid $208 million for the site in July 2007, spending the subsequent 18 months getting concept plans approved.

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