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Victoria sells Wantirna land for $50M, boosting mixed-use development.
The Victorian government will receive over $50 million from the sale of a 9.6-hectare site in Wantirna, adjacent to EastLink, zoned for mixed-use development including health, residential, and education projects.
The land, acquired by VicRoads in 1989, is being marketed by Colliers agents.
Recent local developments include Stockland’s $61 million purchase of the Wantirna Caravan Park and the $14.1 million sale of the Scope site.
Investor interest in retail property is rising due to limited new supermarket construction, with Lansell Square in Bendigo selling for $110 million to a Chinese buyer, Woolworths acquiring an East Doncaster site for $16.35 million, and the Coles Brighton site expected to sell for over $50 million.
An IGA Plus in Upwey is set for auction, projected to fetch around $3.4 million, while two Armadale shops sold for $5.3 million after a private deal.
Victoria vende la tierra de Wantirna por 50 millones de dólares, para impulsar el desarrollo de uso mixto.