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.
The changing and competitive retail environment is driving transaction activity for shopping centres, as owners refine their portfolios, adjust their exposure to different states and asset types and seek greater diversification to improve their long-term risk-return profile.
More private investors will have access to individual, first mortgage secured loans, which produce a monthly income, via an online platform launched by Balmain Private.
In November 2017, real estate investment manager and advisory group, Ashe Morgan, closed its capital raising for its recent purchase of the Health and Forestry buildings in Brisbane adding to the assets it now manages on behalf of its investors.
Australia / Brisbane
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