University Hill – realestatesource https://www.realestatesource.com.au Commercial and residential property news Thu, 16 Jun 2011 04:00:43 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.4 https://www.realestatesource.com.au/wp-content/uploads/2024/03/rsfav-100x100.png University Hill – realestatesource https://www.realestatesource.com.au 32 32 Sunland Unveils New Project, Eton, in Melbourne’s Bundoora https://www.realestatesource.com.au/sunland-unveils-new-project-eton-in-melbournes-bundoora/ Thu, 16 Jun 2011 04:00:43 +0000 http://realestatesource.com.au/wordpress/sunland-unveils-new-project-eton-in-melbournes-bundoora.html 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.
]]> In 2006, MAB sold a 44.5 hectare portion of the part developed University Hill to Queensland based developer Sunland – behind the ritzy Palazzo Versace Hotel, and the country’s tallest apartment building, Q1, both on the Gold Coast. Sunland is also responsible for St Kilda Road’s distinctive Yve and Balencea apartment towers.

Now, Sunland is proposing to build a medium-density townhouse project – Eton – on a part of the Bundoora land it brands Chancellor at University Hill.

Eton will include 49 double storey, two bedroom terraces, each with two car parks and a landscaped courtyard. Prices start at $425,000 and construction is set to start “in coming months”.

]]> Land Increases From $20 psm to $430 psm in Bundoora https://www.realestatesource.com.au/land-increases-from-20-psm-to-430-psm-in-bundoora/ Sun, 14 Mar 2010 16:26:52 +0000 http://realestatesource.com.au/wordpress/land-increases-from-20-psm-to-430-psm-in-bundoora.html 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.
]]> The company that developed the luxurious Palace Versace hotels, and Australia’s tallest residential tower, Q1, on the Gold Coast, said an investor has paid $438,000 for a 1013 square metre block overlooking parkland near the Plenty Gorge.

The sale sets a land value record for blocks in Sunland’s 44.5 hectare Chancellor development, in Bundoora, which is up to the tenth of twelve marketing stages.

Sunland bought its piece of the 104-hectare former Janefield Hospital site in 2006 from MAB Corporation, which is developing the rest of the site into University Hill, a mixed use village.

MAB paid RMIT $21 million for the site in 2003, which needed to be serviced with roads and utilities.

]]> MAB Corporation Sells Prominent Tullamarine Site For $2.9 Million https://www.realestatesource.com.au/mab-corporation-sells-prominent-tullamarine-site-for-29-million/ Tue, 15 Dec 2009 13:14:41 +0000 http://realestatesource.com.au/wordpress/mab-corporation-sells-prominent-tullamarine-site-for-29-million.html 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.

]]> MAB has also sold the final piece of land at a business park, built within the $1 billion University Hill project, in Bundoora. Porter Davis is believed to be paying $1 million for a purpose built office, which the home builder will use to service its northern suburb operations.

]]> Sunland Group Unveils Bundoora Apartment Development, University Hill https://www.realestatesource.com.au/sunland-group-unveils-bundoora-apartment-development-university-hill/ Sun, 01 Feb 2009 14:02:28 +0000 http://realestatesource.com.au/wordpress/sunland-group-unveils-bundoora-apartment-development-university-hill.html 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.

]]> The Heritage at Chancellor, within the wider $1 billion University Hill precinct, off Plenty Road, will transform four, 75-year old art deco buildings into 42 apartments.
 
Sunland says the apartments, which start at $325,000 for a one-bedroom, are larger than average, and include Art Deco features such as high ceilings and sash windows. Sunland’s Tanya Sanchez is marketing the apartments.
 

]]>