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 RECEIVERS for the owners of a versatile 555-hectare Truganina property, the largest asset measured by area to hit the market last year, are selling down the property in smaller chunks. After failing to sell for a total $100 million in separate campaigns in 2010, and 2011, four industrial development sites, each measuring about 42 hectares are now for sale, in a campaign being managed by Biggin Scott Commercial’s Andrew Egan and Frank Nagle. Accessed via Hopkins Road, the blocks are expected to sell for about $3 million each. [...]
GREETING card company John Sands is believed to have pocketed about $10 million from the sale of its outgoing head office and former manufacturing plant in Clayton North. On almost four hectares and with a 235 metre frontage to busy Clayton Road, the Business 3 zoned land included six buildings with about 20,000 square metres of office and warehouse space. Vinci Carbone director’s Frank Vinci and Joseph Carbone acted for John Sands selling the Clayton North property. It sold to a partial, and as yet undisclosed owner occupier represented by Savills Lynton Williams. [...]
THE Victorian state government’s development arm, VicTrack, is rerouting rail tracks in Wodonga, at the New South Wales state border. The decision will open up 40 hectares of land in the town centre, allowing the construction of a mini-city – speculated to include a new city square, and a five star hotel. “Because the rail will no longer run through the centre of Wodonga, we’ve got a once-in-a-hundred year opportunity to redevelop the city,” VicUrban general manager Mark Williams told the AFR, adding the project is a “great story” for the precinct. [...]
MOUNT Martha’s iconic Glynt Manor has hit the market, again, with a private sale price of $6.5 million. The distinctive 1910 mansion, built by the establishment Henty family and later owned by the Buxtons, originally stood on 28 hectares, and was expected to fetch close to $7 million when it hit the market in March. Earlier this year Glynt Manor appeared in several episodes of SBS documentary Demitri’s Castle. [...]
UP to 20,000 people will call the Cranbourne area home, after planning Minister Justin Madden paved the way for new suburbs in Melbourne’s outer south-east. A masterplan was released this month, which will see three schools and two kindergartens added to an area spread over 589 hectares. Subdivision and permits have been approved for the first 3000 homes, and a new train station is expected to be added in 2013. [...]
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