An infill development in suburban Melbourne, worth $250 million or more, is up for grabs, one of the largest such opportunities in recent years as its joint owner, ASX-listed Abacus Property Group, exits legacy investments to focus on its expanding self-storage business.
The sprawling 14-hectare East Bentleigh site at 236-262 East Boundary Road, held jointly by Abacus and local developer Gillion Group, has been rezoned, creating significant development potential.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
