MAB Corp Frontrunner to Buy Doncaster’s Eastern Golf Course For $120 Million
MAB Corporation is believed to be the mystery buyer of Doncaster’s Eastern Golf Course site.
Well placed industry sources say the St Kilda Road-based privately owned developer is the frontrunner to buy the property, after offering to pay about $120 million to secure the 47-hectare site between the Eastern Freeway and Westfield Doncaster, about 15 kilometres east of town.
The 85-year old golf course, which includes native vegetation, indigenous trees and the historic Tullamore homestead, will be vacated in about 2013, when the Club relocates to an as-yet-undeveloped course abutting the Yering Gorge, in the Yarra Valley.
After that time, the new owner is expected to redevelop the Doncaster Road site into a $1 billion village of shops, offices and apartment towers. The majority of what is now a popular 18-hole golf course is expected to be subdivided into as many as 1,000 housing lots.
