Australian Real Estate News
THE ANGLICAN Trust has reaped more than $1.5 million from the sale of disused land, at the rear of its St Nicholas Church, in Mordialloc, about 25 kilometres south of Melbourne. The 1,379 square metre block at the intersection of Bear and Albert streets, and near the suburb’s Main Street retail hub, is expected to make
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COMMUTERS stuck at the congested intersection best dubbed a traffic sewer will be able to watch a $25 million redevelopment of a prominent East Melbourne church site.
The Catholic Leadership Centre will be developed within buildings, and on surplus land surrounding the prominent Celtic Church on the south-west corner of Hoddle and Victoria streets – about three blocks away from the Fitzroy Gardens, and five blocks from the MCG.
The centre will include a new short term accommodation complex for 45 people, a dining room for 400, and a basement car park with 59 bays. Existing heritage buildings will be refurbished, while a glazed roof walkway will be developed through the spine of the complex.
Read moreA PAKENHAM development site until recently earmarked to become a school has hit the market, and is likely to become a shopping centre-based mixed use village.
The Sale Diocese of the Catholic Church is offloading the prominent 6.7 hectare site, with street frontage to Princes Highway, Thewlis and Mulcahy roads, near the Pakenham town centre.
The property abuts the Worthington housing estate and is near the suburb border of Officer – which, like Pakenham, is seeing increasing residential redevelopment.
Read moreTHE SISTERS of Nazareth can expect to make about $20 million from a major slice of land behind its Nazareth House aged care facility, in Camberwell.
The 2.6 hectare vacant block is expected to wind up in the hands of a major developer, who will capitalise on the sites location abutting parkland, presumably with a medium-density apartment development.