Industria, Nunawading, Victoria
In March 2016 Folkestone entered into a third 50/50 joint venture with Wilmac Properties to develop approximately 72 strata office/warehouse mews plus a stand-alone 3-level strata office building in Nunawading, Victoria.
Nunawading is 18 kilometres east of the Melbourne CBD and the site lies within close proximity to Nunawading Train Station and the ‘Golden Mile’ Melbourne’s premier bulky goods shopping district. It has excellent access to the Eastlink Motorway, Maroondah Highway and Springvale Road.
The Nunawading site was acquired on deferred settlement terms (September 2016). A planning application was lodged in May 2016 with construction forecast to commence in March 2017.
|Size||Circa 72 mews|
|Folkestone Interest (%)||50|
|JV Partner||Wilmac Properties|
|Forecast Gross Revenue ($m)||35|
|Construction Commences||Early 2017|
|Forecast Completion Date||Mid 2020|
If you are interested in purchasing in this development, please click here.
To view the video of our VIP sales event at Nunawading, please click here.
To view the Industria Information Memorandum, please click here.