Evolve Development Subdivides Substantial Keilor Estate

EVOLVE Development, the construction company part controlled by former Fairfax chairman Ron Walker, has paid a speculated $4.5 million for a 1.6 hectare estate in an elevated pocket of Keilor, 17 kilometres north-west of town.

The former family owned homestead which stretches from Faye Crescent to Green Gully Road, has been subdivided into 14 lots ranging in size from 874 square metres to 1665 square metres. They are expected to sell for an average price of $900,000.

A new street – Lindsay Place – has been developed off Faye Crescent as part of Evolve’s subdivision, branded The Orchard.

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Stockland Starts Building Craigieburn Shopping Centre

Stockland ToorongaHAVING opened the Stockland Tooronga Shopping Centre in Glen Iris on Thursday, Sydney-based developer Stockland has bought forward plans to build a $40 million, 7087 square metre complex in Melbourne’s outer north.

Preparatory construction work has started for two Craigieburn developments: the Stockland Highlands Shopping Centre at Bridgehaven Village, and another complex, The Corner Store, off Waterview Boulevard.

Stockland Highlands will open in the middle of next year and include 22 speciality shops and a piazza style town square.

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Evolve Developmenet Acquires Former Channel Seven Office and Proposes $190 Million Guilfoyle Tower

Ron WalkerEVOLVE Development, the burgeoning Melbourne-based builder spearheaded by ex-Fairfax chairman Ron Walker, and business partner Ashley Williams, will develop its largest project to date in South Melbourne.

The developer is believed to have paid Westpac Funds Management about $15 million for the 35 – 47 Coventry Street development site once occupied by Channel Seven as its head office.

Westpac acquired the asset after builder St Hilliers, which bought the site from Seven in 2003, drafted a residential conversion plan for the disused office, but never proceeded with building it.

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