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Redefine Acquires Carlton Carpark For Student Development

16-Leicester-St-Carlton

Listed South African property group Redefine Properties has acquired a Melbourne carpark for $30 million with plans to build a $130 million, high- rise dormitory complex with 700 beds on the site, according to The Australian.

The six storey carpark complex at 16-32 Leicester Street in Carlton has 454 bays across six levels.

Colliers International agents Matt Stagg, Daniel Wolman and Oliver Hay negotiated the deal.

“The past 18 months has seen an influx of major international student accommodation groups buying up key sites between RMIT University and Melbourne University,” Mr Stagg told The Australian.

Redefine has a property portfolio of more than $5 billion and is a major shareholder in Brisbane-based AREIT Cromwell Property Group.

 

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Article originally posted at: https://https://theurbandeveloper.com/articles/redefine-properties-acquire-melbourne-carpark