News - 28 / 07 / 2014
Launch Corporation snares Super Site in Bentleigh East
Planning Minister Matthew Guy is seen here with Launch Corporation CEO, Michael Kokkinos and Directors, Simon Vinson and Domenic Valastro discussing the nuances of Plan Melbourne and its long term effect on designated Activity Centres.
Launch Corporation has recently acquired a 'Super Site' on a prominent corner in the heart of Bentleigh East. Comprising of 7 neighbouring properties which include a cluster of commercial and residential premises on Centre and East Boundary Road. The combined lots create a 3,415m2 major site which was sold for a sum reported to be between $6.5M to $7M.
"We are pleased to be given this unique opportunity to contribute towards the continued growth and support of a vibrant neighbourhood centre" said Mr. Kokkinos. " We consider the subject site a strategic redevelopment site under State Planning policy therefore we intend to be actively involved with the City of Glen Eira in the planning and implementation of a mix-used development for this major intersection. Our objective is to deliver the community with convenient access to a wide range of goods and services in retail, stimulating growth opportunities for local business, as well as creating designer living homes that remain affordable".
The site was offered via Expression of Interest and was subsequently sold by Hodges (Caulfield) Director Alex Flamm.