Industria, Nunawading, Victoria
In May 2016 Folkestone entered into a third 50/50 joint venture with Wilmac Properties to develop 71 strata office/warehouse units plus a stand-alone 3-level strata office building and cafe 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. Stage 1 construction commenced in February 2017 and is scheduled for completion in mid 2018, with the remaining units to be completed by the end of 2018.
|Size||Circa 72 mews|
|Folkestone Interest (%)||50|
|JV Partner||Wilmac Properties|
|Forecast Gross Revenue ($m)||38|
|Construction Commenced||February 2017|
|Forecast Completion Date||Late 2018|
If you are interested in purchasing in this development, please click here.