Auspac

AUSPAC Properties has created a supersite in Footscray, after paying $6.2 million for two properties, abutting another block it already owns.

Auspac’s purchase of two sites at 18 Hopkins Street, and 20 Moreland Street, gives the developer a massive chunk of the inner-western suburb, which has seen rampant development activity over the past five years – some even through the economic downturn.

Colliers International’s Jeremy Gruzewski, who marketed the site with Peter Bremner, said seven offers were receievd, from both established developers, and “new players”.