Our $8.55 million site acquisition on Palmerston Crescent in South Melbourne featured in The Age including an interview with our Director, Charles Mellick. The sale set a new benchmark for inner suburban development in Melbourne and, as Charles explains, we have ambitious plans including a nine-level commercial building that will also become our new Victorian headquarters.
“We are pretty bullish on the city fringe in Melbourne. There’s a lot of small businesses who can’t afford the rent increases in the CBD and that’s pushing them out to the city fringe suburbs. We’re seeing that in Sydney too.”