Woolworths pays $21m for North Melbourne sites

Woolworths has paid $21 million for two neighbouring North Melbourne blocks.

The sites – 2-24 Vaughan Terrace (which spreads 3066 square metres) and 101-117 Canning St (5000 sqm) were offloaded by interests associated with Peter Stevens Motorcycles.

Woolworths recently applied to build a 13-level, 165-unit complex in Prahran.

It and Wesfarmers controlled Coles are active buyers and sellers.

More detail about the North Melbourne acquisition is in the AFR.

Share or Recommend article

Marc Pallisco

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

Leave a Reply

Your email address will not be published.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