Melbourne-based Grollo Group has secured a 73-year sublease on the Bogong Village site near Falls Creek from AGL and plans to develop key worker housing on the site and other alpine properties into a 1500-bed portfolio over the next three to four years.
Grollo Group will refurbish the existing 27 homes – which date from the 1940s and were built to house workers on the Kiewa Hydro Electric Scheme, a network of four power stations – with the aim of having 200 beds for workers ready for the start of next year’s ski season.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
