Babcock & Brown Consortium Sells Lisson Grove, Hawthorn Development Site

A DEVELOPMENT consortium including Babcock & Brown, and prominent local developer Joseph Gersh, is selling off assets as part of a property reweighting.
 
In Hawthorn’s ritzy Lisson Grove, the consortium has reaped $5.25 million from the sale of a 3,697 square metre block of land with a permit for a luxury 21-unit apartment building.
 
New plans for the site, lodged with council in September, are for a 4-level, 81-unit complex.

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