Melbourne-based Alpha Partners has listed its new retail hub located in one of Melbourne’s largest infill sites, the 16.5 hectare former Amcor paper mill site in Melbourne’s inner north-east.
The Village Alphington, set to form part of the masterplanned urban renewal project, is located 6.5 kilometres from Melbourne CBD in Alphington.
Still under development, the centre will be anchored by two full-line supermarkets Coles and Aldi, and comprise 13,000sq m of retail lettable area and 10,000sq m of commercial lettable area.
On completion the wider masterplanned precinct will be home to 5,000-6,000 residents across 2,500 residential townhouses and apartments, and more than four hectares of community space, an aged care facility and serviced apartments.
Alpha Partners together with private developer Glenvill, owned by Len Warson, purchased the site for $120 million in 2012.
Colliers has been appointed to sell The Village Alphington, with the retail hub marketed by Colliers International’s Lachlan MacGillivray, John Marasco and Tim McIntosh.
The centre is for sale via an international expressions of interest campaign closing 12 September.
Alpha, founded by Guy Nelson, has been involved in more than $2.5 billion of property transactions.
Alpha sold a corner 7,471sq m site on Heidelberg Road and Chandler Highway to Caydon Property Group, led by Joe Russo, for $31.9 million in 2017.
Caydon has plans for a $300 million mixed-use project that will deliver 324 dwellings on the former Amcor Paper Mill site.