University Hill Archives - realestatesource

IT’S incredible to think Bundoora’s University Hill project, which upon completion will have an end value of more than $1 billion, is being developed on 104-hectares of largely disused farmland local developer MAB Corporation bought from the Royal Melbourne Institute of Technology in 2004 for just $21 million.

Measured by end value, the project, 20 kilometres north of CBD and on land which also once accommodated the Janefield Special School, is one of Victoria’s biggest urban renewals. In seven years, land around the picturesque Plenty Gorge has slowly been replaced with shopping centres, offices, aged care facilities and housing estates.

Victoria

Land Increases From $20 psm to $430 psm in Bundoora

March 15, 2010 Marc Pallisco Chancellor, Janefield, MAB Corporation, sunland, University Hill

IF you told a Valuer ten years ago that land values around a rundown former hospital 17 kilometers north of Melbourne could fetch $430 per square metre, they’d have probably laughed.

But that’s exactly what Queensland-based developer Sunland has been able to achieve for land at a picturesque point within the 104-hectare former Janefield Hospital site, in Bundoora – which first sold to developers seven years ago for just $20 per square metre of land.

Victoria

MAB Corporation Sells Prominent Tullamarine Site For $2.9 Million

December 15, 2009 Marc Pallisco Bundoora, MAB, Melbourne Industrial Site sale, Tullamarine, University Hill

MAB Corporation, which is expected to unveil itself as the owner of Doncaster’s Eastern Golf Course before Christmas, has sold a prominent 2.1 hectare industrial development site with a 300 metres frontage to the Tullamarine Freeway, near the airport.

CVA Property Consultants director Anthony Carbone, who sold the site with ICG Property, confirmed the site sold for $2.9 million.

Victoria

Sunland Group Unveils Bundoora Apartment Development, University Hill

February 2, 2009 Marc Pallisco Real Estate News, Sunland Group Unveils Bundoora Apartment Development, University Hill, victoria

Queensland-based developer Sunland Group, responsible for the luxurious Palazzo Versace hotel on the Gold Coast, and Yve building on St Kilda Road, has launched an apartment development at Bundoora, about 18 kilometres north of Melbourne.