The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
FINAL CHANCE TO REGISTER FOR URBANITY-25 JOIN MORE THAN 550 ALREADY ATTENDING
LAST CHANCE TO REGISTER FOR URBANITY 550+ ALREADY ATTENDING
REGISTER NOWDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
RetailStaff WriterMon 01 May 17

Continental Moves To Sell Supersite

Screen-Shot-2017-05-02-at-11

Continental Corporation is selling its purpose built facility in Bundoora’s University Hill precinct after 60 years in the region.

2 Scholar Road is a 16,520sqm mixed use facility comprising 4,941sqm of office space over three levels, a 9,574sqm factory area and car parking for 371 vehicles.

The sale follows Continental Corporation's decision to cease automotive component manufacturing and related operations at the Bundoora plant by the end of 2017. The sale does not affect the operations of the Tyre and ContiTech Divisions, which will remain operational in Australia.

The future location of Continental's head office in Melbourne will be announced once the sale is completed.

Marketing Agent Dean Hunt said the sale would attract significant interest given the limited opportunities to secure property in the location.

“University Hill is one of Melbourne’s most successful, mixed-use land developments, with this site abutting or close to student accommodation, commercial office accommodation, child care, strata industrial units, car retailing, shopping centres and RMIT University,” Mr Hunt said.

Significant power and gas supplies are connected to the property, along with alternative solar power technology, as well as additional services such as air line reticulation.

Bundoora - located approximately 16km north of the Melbourne CBD – is an inner mixed use commercial precinct currently undersupplied. The limited supply and high demand has continued to support rental growth, with rents ranging from $900 - $600 per square metre for smaller to medium sized allotments.

According to CBRE, developers will look to take advantage of the strength of the precinct, which is one of the largest suburban office markets in Melbourne’s north. The existing 5,000sqm office can easily be converted to a multi-tenant building and further extension of this office into the factory/ warehouse.

Continental Corporation supplies brake systems, systems and components for powertrains and chassis, instrumentation, infotainment solutions, vehicle electronics, tires, and technical elastomers making individual mobility safer, more comfortable and more sustainable.

RetailOfficeIndustrialAustraliaMarketingReal EstateSector
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
Warren and Mahoney Western Bulldogs Women's Health and Leadership Hub HERO
Exclusive

Beyond the Boys’ Club: Inclusive Architecture Disrupting Sporting Precincts

Leon Della Bosca
7 Min
Exclusive

Inside the $10m Heritage Refit of Sydney’s $25,000-a-Year Members’ Club

Taryn Paris
4 Min
Kurraba Point 93 Kurraba Road TUD PLUS
Residential

Council Over Court: How HFO Won Rare North Sydney Approval

Vanessa Croll
7 Min
Exclusive

Why Sentinel is Betting Big on Olympic City Office Sector

Phil Bartsch
5 Min
The Port of Brisbane has released its Vision 2060 which details the need for inland rail connectivity
Infrastructure

Brisbane Port’s $15bn Future Faces One Big Obstacle

Renee McKeown
5 Min
View All >
Warren and Mahoney Western Bulldogs Women's Health and Leadership Hub HERO
Exclusive

Beyond the Boys’ Club: Inclusive Architecture Disrupting Sporting Precincts

Leon Della Bosca
Goldfields Kyneton Central Edgecombe Road precinct rendering
Development

Goldfields Forges Ahead on $150m Kyneton Central Hub

Leon Della Bosca
Court Place in the Subi East precinct is set to deliver 447 new homes, including 300 affordable and 147 social homes in a prime location just four kilometres from the Perth CBD.
Community

Providers Selected for Subi, East Freo Housing Projects

Renee McKeown
Top community housing providers will deliver, own and operate two major housing projects near Perth creating 481 apartme…
LATEST
Warren and Mahoney Western Bulldogs Women's Health and Leadership Hub HERO
Exclusive

Beyond the Boys’ Club: Inclusive Architecture Disrupting Sporting Precincts

Leon Della Bosca
7 Min
Goldfields Kyneton Central Edgecombe Road precinct rendering
Development

Goldfields Forges Ahead on $150m Kyneton Central Hub

Leon Della Bosca
3 Min
Court Place in the Subi East precinct is set to deliver 447 new homes, including 300 affordable and 147 social homes in a prime location just four kilometres from the Perth CBD.
Community

Providers Selected for Subi, East Freo Housing Projects

Renee McKeown
3 Min
Development

Zen Group’s West End Towers Greenlit

Taryn Paris
2 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/continental-moves-t0-sell-supersite