Sunland Unveils New Project, Eton, in Melbourne’s Bundoora

IT’S incredible to think Bundoora’s University Hill project, which upon completion will have an end value of more than $1 billion, is being developed on 104-hectares of largely disused farmland local developer MAB Corporation bought from the Royal Melbourne Institute of Technology in 2004 for just $21 million.

Measured by end value, the project, 20 kilometres north of CBD and on land which also once accommodated the Janefield Special School, is one of Victoria’s biggest urban renewals. In seven years, land around the picturesque Plenty Gorge has slowly been replaced with shopping centres, offices, aged care facilities and housing estates.

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LIMS Building Starts Construction in Bundoora

MELBOURNE’s next unique office – which will in this case be configured as a laboratory and classrooms – starts construction in Bundoora this month.

La Trobe University’s $93 million La Trobe Institute of Molecular Science (LIMS) project will rise six levels from Science Road, at its Bundoora campus, about 17 kilometres north of town.

The biotechnology and nanotechnology education facility is due for completion late next year.

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MAB Corporation Sells Prominent Tullamarine Site For $2.9 Million

MAB Corporation, which is expected to unveil itself as the owner of Doncaster’s Eastern Golf Course before Christmas, has sold a prominent 2.1 hectare industrial development site with a 300 metres frontage to the Tullamarine Freeway, near the airport.
 
CVA Property Consultants director Anthony Carbone, who sold the site with ICG Property, confirmed the site sold for $2.9 million.

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