UGB Changes Great For Truganina Sale Campaign

The Melbourne-Ballarat rail line and the Western Highway are situated immediately north of the site, which has a street address of 65 – 453 Hopkins Street.

“The property sits at the intersection of major rail and metropolitan freeway corridors, which will provide outstanding accessibility and genuine transport choice for the employment users of the site,” Mr Hayes said.

Last April, the value of Amcor’s outgoing paper mill site in Alphington was bolstered when the government made a major rezoning announcement, while the site was being marketed (interestingly, as a residential development site).

Like Truganina, the Alphington site is expected to sell for about $100 million after an earlier deal to sell the site to Sydney-based billionaire Lang Walker fell through.

Share or Recommend article

Marc Pallisco

A former property analyst and journalist, Marc is the publisher of realestatesource.com.au.

Marc Pallisco

Leave a Reply

Your email address will not be published. Required fields are marked *