Lang Walker to Pocket $200 Million From Point Cook Town Centre Sale, Melbourne

SYDNEY-based billionaire property developer Lang Walker is hoping to achieve about $200 million from the sale of a near new shopping centre, in a near-new suburb, in Melbourne’s west.

Funds from the sale of the Point Cook Town Centre will go toward funding the development of Australia’s largest single office development – Collins Square, in Docklands.

Collins Square will include five office buildings, flanked by a lower level shopping centre, exploiting the 200 metre frontage of Mr Walker’s Docklands site. All up the project is expected to add 185,000 square metres of high end office space to the Melbourne market.

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MAB Corp Frontrunner to Buy Doncaster’s Eastern Golf Course For $120 Million

Tullamore @ The EasternMAB Corporation is believed to be the mystery buyer of Doncaster’s Eastern Golf Course site.
Well placed industry sources say the St Kilda Road-based privately owned developer is the frontrunner to buy the property, after offering to pay about $120 million to secure the 47-hectare site between the Eastern Freeway and Westfield Doncaster, about 15 kilometres east of town.
The 85-year old golf course, which includes native vegetation, indigenous trees and the historic Tullamore homestead, will be vacated in about 2013, when the Club relocates to an as-yet-undeveloped course abutting the Yering Gorge, in the Yarra Valley.
After that time, the new owner is expected to redevelop the Doncaster Road site into a $1 billion village of shops, offices and apartment towers. The majority of what is now a popular 18-hole golf course is expected to be subdivided into as many as 1,000 housing lots.

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