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

In October, it was reported the consortium was seeking a joint venture partner to develop the project, but it’s now believed the group is hoping to breakeven, and maybe even pocket a small profit, by selling the site.
 
As well as the Prahran site, Vision Australia sold its prominent Ormond Hall site, at 557 – 563 St Kilda Road, to Stockland for $28.3 million.
 
Agents say the eventual Prahran sale price will be an interesting test as to the strength of the suburban development site sector, which has outperformed the commercial sectors in recent years.

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Marc Pallisco

A freelance property analyst and journalist, Marc is a co-founder of realestatesource.com.au.

Marc Pallisco

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