Yarraville urban regeneration site bought by Irongate/Frasers Property partnership
A 50 hectare urban regeneration project at the Bradmill factory site in Melbourne’s Yarraville has been sold.
The site is tipped to yield 3750 dwellings in a project by ASX-listed Irongate together with Frasers Property Australia.
The former denim factory on Francis Street is featured on the abandonedplaces website.
The Australian Financial Review reported Irongate struck the $225 million deal in late August, partnered by the Australian arm of Singaporean based developer, Frasers.
It was sold by Fortune New City (Yarraville) Development, a company controlled by Kairan Han, which paid $121.8 million in 2016.
The Yarraville site was long owned by former Carlton football club vice-president Colin De Lutis, who took over the Bradmill business after it fell into receivership in 2002.
Brad mill had been Australia's largest denim manufacturer.
Irongate was formerly known as Investec Australia Property Fund.