Feb 10 2018Add to Favorites
Marc Pallisco, The Sydney Morning Herald
A former Bundoora quarry, marketed as an infill residential redevelopment opportunity, is speculated to be selling for about $70 million.
The 46 hectare site at 149 McImmes Road, about 15 kilometres north of the CBD, is the third major metropolitan quarry to trade in the past two years, following the sale of the 9.2 hectare ex-Norvel Road clay pit in Ferntree Gully to Chinese investors.
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After selling to New Zealand investor Brian Cook on a cap rate of c. 5% in mid-2016, the newly completed Woolworths stratum investment under the Omnia building in Potts Point is available for sale.
Luxury property developer, GURNER has received planning approval for yet another heritage project in Collingwood, as its proposal for a boutique mixed-use development at 368-374 Smith Street gets the green light after a mediation with locals and Council that saw the permit issued without a VCAT hearing.
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