Caydon Reportedly Behind $16 Million Brunswick Development Site Purchase, Melbourne

LOCAL builder Caydon has purchased another major development site, this time in Brunswick East, and at the suburb border of Carlton North and Fitzroy North.

The Collingwood based developer is understood to have paid about $16 million for a one hectare disused factory at 21 – 27 Brunswick Road, near the corner of Nicholson Street where it is completing another project.

Caydon is reportedly planning to redevelop the old factory site into a $120 million village of apartment towers, shops and offices.

At that value, the project will be even bigger than the controversial Tip Tip factory redevelopment around the corner, being undertaken by Toll boss Paul Little’s building arm, Little Project Development.

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Malon Lodge, Prahran, Could Wind up in The Hands of Residential Developers

A HUGE property in Prahran, Melbourne, listed for sale as an investment, could wind up in the hands of residential developers, cashing in on the current inner-city high density building boom.

The Malon Lodge in tree-lined The Avenue, is expected to sell for about $2 million.

Currently configured as a 24-room special accommodation home, O’Donoghues First National Camberwell’s Fred Barlett is selling Malon Lodge with a lease to the hospital operators until 2013, with renewal options.

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