Woolworths Pays $21 Million For North Melbourne Development Sites

RETAIL giant Woolworths has paid $21 million for two adjoining development sites in North Melbourne.

The sites are opposite a collection of high-rise commission flat towers, and are spread over two addresses:

• 2 – 24 Vaughan Terrace (3066 square metre site); and
• 101 – 117 Canning Street (5000 square metre site).

The sites were sold by interests associated with motorcycle retailer Peter Stevens.