Fairfax, News Limited to Sell Property Assets

Fairfax saviour: entrepreneur Gina Rinehart

CHANGES to the media landscape announced this week will result in a shake-out of commercial assets all over Melbourne.

Fairfax, publisher of The Age, is expected to make between $20 – $25 million for its high-tech printing and distribution facility near the Melbourne Airport in Tullamarine, abutting the Tullamarine Freeway (pictured, below).

Fairfax paid $5.6 million for the six hectare piece of former farmland in 1999 – then spent another $220 million building the existing printer which included machinery from Germany and Switzerland.

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Australand Consortium to Build Apartment Compound Opposite Melbourne Uni

GIVEN the increasing number of apartment dwellers calling Melbourne’s inner north home, a “direct” trip between the Tullamarine and Eastern freeways – via the zoo and cemetery – can now consume motorist’s an hour, or more, largely because of amplified traffic congestion.

But it would appear in government planning meetings, bottlenecks like that around Elliott Avenue, Macarthur Road and the University of Melbourne have received less consideration than other crisis-ridden road systems – like the ones in suburbs between Seaford and Mt Martha where the $759 million (and many say unnecessary) Peninsula Link was recently given the green light.

Instead, the state government has appointed builder Australand to develop a major apartment compound at one of the inner-city’s last remaining vacant development sites, opposite the Melbourne General Cemetery, the University of Melbourne – and the busy roundabout that connects these two sites to Swanston Street.

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Major $160 Million Public Housing-Based Development Likely to Proceed Near Melbourne Airport

THE VICTORIAN Government has appointed Australand as the preferred builder for one of the state’s largest public and private housing developments.

Australand plans to transform about 18 hectares in the north-west suburb of Westmeadows, near the Melbourne Airport, into a $160 million mixed-use village of apartments, townhouses, aged care accommodation and parks.

The Valley Park project spreads across a dozen Westmeadows streets, including the major Dimboola Road and Erinbank Crescent.

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