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 terms with settlement occurring in September 2016. As at 30 June 2017, 60 units had been presold plus the three storey office building. Stage 1 construction commenced in February 2017.
|Size||Circa 72 mews|
|Folkestone Interest (%)||50|
|JV Partner||Wilmac Properties|
|Forecast Gross Revenue ($m)||38|
|Construction Commenced||April 2017|
|Forecast Completion Date||Mid 2019|
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.