After acquiring this site in 1996, Metroland made an area-zoning application to accommodate a combined residential and commercial project, and immediately increased the value of the land with the inclusion of the proposed development plan.
The land and development proposal were sold in 1997 to another developer who completed the development. This deal is a great example of Metroland's ability to plan and seize business opportunities at any stage of the development and investment process.
|Location:||Corner of Burwood Road and Church Street, Burwood|
|Project status:||Sold in 1997|
|Project value:||$2.5 million|