Commercial and residential property news
SYDNEY based developer has opened its Stockland Highlands Shopping Centre in the outer northern Melbourne suburb of Craigieburn.
A copy of Stockland’s announcement re: the opening is below:
November 23:
Craigieburn residents will benefit from a convenient new neighbourhood shopping experience, following the opening of the Stockland Highlands Shopping Centre on Thursday 17 November 2011.
MELBOURNE’s next major shopping centre will be developed in Brunswick East, after a prominent 1.9 hectare factory, formerly occupied by Tontine Pillows, sold to developers.
The site at 127 – 137 Nicholson Street was listed by receivers for the Letten Group of companies, and sold to the Melbourne-based Banco Group, a representative of which was unavailable for comment.
Banco is believed to have paid $15 million for the huge Brunswick East site, which also has frontage to John, Gamble and Rickard streets, offering flexible and mixed-use redevelopment approval. Any sale to Banco would follow a $20 million purchase of the Footscray Plaza shopping centre in February.
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HAVING 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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THE State Government of Victoria is formalising a plan to redevelop one of central Melbourne’s largest undeveloped sites, at the riverfront junction the CBD merges with Southbank and Docklands.
Between the Mission to Seafarers building at the corner of Wurundjeri Way and Siddeley Street, and stretching almost the length to the Charles Grimes Bridge, the massive 1.24 hectare site, accommodating old industrial sheds in a precinct called Flinders Wharf, has a 230 metre frontage to the Yarra River.
A Registration of Interest campaign was quietly launched by the government this week, seeking advice from consultants and developers to propose a new future for the site, likely to incorporate offices, shops and apartment towers, possibly with a component of affordable and social housing.
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