Readings Cinema to Sell Major Burwood Development Site, Melbourne

MACQUARIE Capital Investors has been appointed to sell a 50 acre Burwood asset, in Melbourne, acquired by cinema group Reading in the mid 1990s.

The Burwood Square development site, approved by the Whitehorse Council in 2008, is reported to be worth about $46.7 million on Reading’s books.

The development proposal provides housing for more than 1000 residents on one part, according to the AFR. A mixed use residential, office and retail complex, and a 17-screen cinema is earmarked for another part.

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Reading Cinema Plans to Redevelop Former Moonee Ponds Market After 13 Years

AFTER 13 years, US-based cinema giant Reading is preparing to redevelop the former Moonee Ponds Market, in Dame Edna Everage’s home town.
 
In its most recent annual report Reading said it is finalising plans to redevelop the 3.3 hectare site, which was home to the popular market until about the mid 1990s.
 
A permit granted on the site in 1997 but which has lapsed, was for a 12-cinema complex.

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