Melbourne developer Makland Group has acquired a prime high-rise development site in Box Hill for more than $13 million with a scheme in place for 379 apartments.
Box Hill, 14 kilometres east of the city, has rapidly transformed into Melbourne's premier suburban high-rise hub with more than 20 towers under construction or in the pipeline surrounding the train station and shopping precinct.
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Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com
