Commercial and residential property news
BRISBANE-based developer Urbex has taken full control of a $250 million townhouse development in Ascot Vale, until recently a joint venture with Babcock & Brown Residential Land Partners.
The 17-hectare Ascot Chase project will be developed on a former Orica research centre bound by Doncaster, Stanford, Newsom and Walter streets, about seven kilometres north-west of the city.
FKP Property Group expects to start marketing apartments on its controversial former Henley Honda site at the Camberwell Junction within months.
The Victorian Civil and Administrative Tribunal has approved a revised proposal by FKP, in which it asked to build 38 more apartments within the walls of two apartment towers it won approval to build last year.
An FKP spokesman said “significant changes” in the property market in the latter part of last year, led the Queensland-based developer to change 2008-approved plans for the East Hawthorn project branded Aerial.
