Administrators to Recover Just Half of Mowbray’s Debts From Campus Sales

ADMINSTRATORS for defunct western suburb private college Mowbray are likely to recover just half of the school’s $18 million debts from the sale of its three campuses alone.

In what is described as a complicated sale campaign in which value will depend on potential land usage and in particular if the sites can be rebuilt as residential projects – the three school campuses are speculated to be worth a total of about $9 million.

The largest school – the 17.75 hectare Patterson campus in Melton is expected to sell for about $6 million, according to sources. Two smaller campuses in Caroline Springs, including the 1.25 hectare Residential 1 zoned Town Centre Campus at 183-191 Caroline Springs Boulevard, and the 1.06 hectare Brookfield campus at 5 Stevenson Crescent are expected to each reap about $1.5 million.

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Melbourne’s Newest Suburb is Rezoned: Taylors Hill West

HAVING built a freeway to Caroline Springs to help ease newfound traffic congestion, the government has now rezoned a major tract of western suburb land to make more efficient use of the existing infrastructure.

Planning Minister Justin Madden this week approved for the residential redevelopment of 220 hectares abutting the north-western edge of the fully developed Caroline Springs housing estate, about 23 kilometres from town.

The affected land is bordered by Beattys Road to the north, Taylors Road to the south and high voltage transmission lines to the west.

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Melbourne’s Newest Suburb is Rezoned: Taylors Hill West

HAVING built a freeway to Caroline Springs to help ease newfound traffic congestion, the government has now rezoned a major tract of western suburb land to make more efficient use of the existing infrastructure.

Planning Minister Justin Madden this week approved for the residential redevelopment of 220 hectares abutting the north-western edge of the fully developed Caroline Springs housing estate, about 23 kilometres from town.

The affected land is bordered by Beattys Road to the north, Taylors Road to the south and high voltage transmission lines to the west.

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Planning Strategy Affecting 2400 Hectares Between Caroline Springs and Melton Being Formalised, Tenders Called

THE FORMER “thoroughbred country” of Melton is a step closer to becoming part of metropolitan Melbourne, with the council formalising a major planning strategy affecting 2400 hectares of vacant land – effectively creating two new suburbs and allowing for the area’s population to more than double within 15 years.

The affected land between Paynes Road at Rockbank (some 30 kilometres from town) and Toolern Creek, at Melton South (40 kilometres away) is proposed to make way for two new activity centres, shops, offices, a new train station, and low, medium and high density residential.

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