Vision Australia Sells Prahran Site For $21 Million

Chapel Street, PrahranDeveloper Caydon Property has agreed to pay Vision Australia $21 million for a Prahran site with a permit for a major apartment complex.

Vision Australia had agreed to sell the property, and another development site behind it about two years ago, however that deal did not proceed.

The front piece of land, which has just sold, is expected to be developed into a 330 unit apartment complex with ten ground floor shops, according to CBRE’s Mark Wizel and Andrew Dawkins, who marketed the site.

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Vision Australia’s Former Prahran Office Expected to Hit the Market, With Apartment Permit

ALL eyes will turn to Prahran’s former Vision Australia site, which is understood will come back onto the market early next year, with a development permit for a $68 million, 330-unit residential village.
Gersh Investment Partners and Pomeroy Pacific agreed to pay Vision Australia $25.1 million for the 201 – 209 High Street office at the peak of the boom in 2007, but this deal has yet to settle.

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