Bunnings to build apartments in Doncaster
ANOTHER Wesfarmers subsidiary is playing “reluctant” property developer, by substantially improving the profitability of a prominent Doncaster site it bought to build a Bunnings warehouse.
The 1.1 hectare development site, abutting the massive Westfield Shoppingtown complex, may now be replaced with a $200 million mixed use complex including a multi-level Bunnings store, car park, and 350-unit residential tower, it is speculated could rise some 20 levels.
Bunnings paid $25 million for the collection of adjoining properties bound by Doncaster Road, Tower and Council streets in 2011, saying at the time the supersite would only be replaced with a hardware store, to complement the shopping centre next door.
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