Lang Walker to Pocket $200 Million From Point Cook Town Centre Sale, Melbourne

SYDNEY-based billionaire property developer Lang Walker is hoping to achieve about $200 million from the sale of a near new shopping centre, in a near-new suburb, in Melbourne’s west.

Funds from the sale of the Point Cook Town Centre will go toward funding the development of Australia’s largest single office development – Collins Square, in Docklands.

Collins Square will include five office buildings, flanked by a lower level shopping centre, exploiting the 200 metre frontage of Mr Walker’s Docklands site. All up the project is expected to add 185,000 square metres of high end office space to the Melbourne market.

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Central Equity Pays About $24 Million For Point Cook Site

CENTRAL Equity is believed to be paying about $24 million for a 20.5 hectare parcel of land in Melbourne’s western suburb of Point Cook.

Sources say the privately owned developer, which made its name building Southbank skyscrapers in the 1990s, will land bank the 275 Sneydes Road site until it can get a new low density housing project approved.

The site needs to be rezoned and was not marketed with a permit.

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FKP Gets Started on $600 Million Saltwater Coast Estate, Point Cook

Saltwater CoastIT was one of the most prized assets in the substantial portfolio of Hawthorn-based Wilbow Corporation, when that developer put itself up for sale four years ago.

And now, construction of the first homes in the $600 million village that is Melbourne’s newest waterfront community, is set to begin.

Queensland-based developer FKP has distributed land titles for the first 87 home lots, part of its Saltwater Coast project in Point Cook, about 20 kilometres south-west of town.

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