Doncaster site snapped up by offshore developer

Doncaster site snapped up by offshore developer
Doncaster site snapped up by offshore developer

An offshore developer has paid $7.2 million at a record land rate for a Doncaster development site.

The plans are for a retail and residential redevelopment.

It sold through Savills as total sales to off-shore buyers nears half a billion dollars in the last 12 months through Savills Victorian office alone.

According to selling agent, Nick Peden the price, at $4467 a square metre, represented a record land rate for Doncaster.

The sale campaign generated nearly 150 enquiries from a range of buyers including local and off-shore developers, investors and owner-occupiers.

"We were expecting $6 million plus."

 

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

Tags: 
Property Development Doncaster

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