Lloyd Williams to Sell St Kilda Road Development Site, Melbourne

SUMMER 2012 may be the last time revelers can enjoy a drink and picnic outside a popular St Kilda Road hang-out.

Developer Hudson Conway, headed by billionaire businessman Lloyd Williams has quietly relisted for sale a major development site at 557 St Kilda Road on the north-east corner of Moubray Street.

In 2007, and during what were much more buoyant times in the residential development site sector, Stockland paid Vision Australia $28.3 million for the site, until recently one of the biggest land parcels in the tree-lined street.

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Billionaire Businessman Lloyd Williams Buys Adjoining South Yarra Development Sites

BILLIONAIRE businessman Lloyd Williams is continuing to reweight his property portfolio.

This time, in South Yarra, the racehorse owner, investor and high-density apartment builder has paid $13 million for two adjoining, historic homes (aerial pic, right) in the heart of the suburb’s uber-exclusive,  low density Botanic Gardens precinct.

Williams is expected to bulldoze the homes on the combined 1632 square metre site – including a 1930s mansion – and replace it with something more efficient, presumably a multi-level apartment complex built atop an underground car park.

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Hudson Conway Speculated to be Buying St Kilda Road’s Former Vision Australia Site For $22 Million

St Kilda Road Belgian Beer CafeDEVELOPER Hudson Conway is speculated to be paying about $22 million for a prominent St Kilda Road development site opposite Wesley College, capable of accommodating several high rise apartment towers.

Hudson Conway is believed to be in advanced negotiations to buy the St Kilda Road site, which Sydney-based developer Stockland purchased off Vision Australia for $28.3 million in 2007.

Stockland reportedly sold the subdivided Belgian Beer Cafe bluestone building that was part of the Vision Australia property, for a speculated $7 million last year, after undertaking a $2 million renovation.

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