IT was described as the “best bargain development site” to sell during the economic downturn, and now builder EG Funds Management is ready to cash in. The former Hedley Sutton Retirement Village, on the corner of Canterbury Road and Gascoyne Street, is being replaced with a medium density housing project, called The Canterbury. EG paid Baptcare just $12.53 million for the 8161 square metre site in late 2008, at a particularly depressed time in the residential development site market.
Original post:
this website
- AMP Sells Out of $40 Million Retirement Village, Phillip Island IT IS out with the old and in with the new at an increasing number of council planning meetings – with another site once...
- McDonalds Ready to Redevelop Prominent Ringwood Site AFTER picking up a prominent eastern suburb development site at a particularly depressed time in the property cycle last year, fast food chain McDonalds...
- Aged Care Village Replaces Melbourne Commonwealth Village Apartment Block, Parkville WHILE attention has focussed recently on the New Delhi Commonwealth Games Village site, builder LU Simon has been refitting part of the 2006 former...
- Former Government Pound Hits Market as Development Site A MAJOR development site offloaded by the State Government six years ago for $2.8 million, has hit the market again, and is expected to...
