CURRENT DEVELOPMENTS
MICKLEHAM
CLIFTON HILL
MILLERS RD, ALTONA
SORRENTO
COMPLETED DEVELOPMENTS
ALTONA
JOLIMONT SQUARE
PARCEL D TOYOTAGREEN
PORT MELBOURNE
700 COLLINS ST
OTHER DEVELOPMENTS
INDUSTRIAL
COMMERCIAL
RESIDENTIAL
MIXED USE
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In June 2007 Folkestone, in a 50:50 joint venture with the AMP
Capital Investors Managed Select Property Portfolio No.2, acquired
a 1.13 hectare parcel of land at 169 Noone Street in the inner
Melbourne suburb of Clifton Hill. Folkestone was appointed development
manager by the joint venture.
The land had been recently re-zoned from industrial to mixed use
and a planning permit was approved for 100 residential dwellings
comprising 60 townhouses and 40 apartments.
The property is located approximately 3.5kms from the Melbourne
CBD, and is well serviced by public transport, retail, entertainment
and educational facilities and is situated opposite the Yarra
Bend parklands near Dights Falls.
This will be a two to three year project targeting the strong
demand for well located inner-suburban residential product.
The former buildings have been demolished, apart from the Spicer
building and various site works have been undertaken in preparation
for the commencement of the construction phase.
The Stage 1 release and pre-sales period has commenced. This stage
comprises some 11 townhouses and 13 apartments located in the
Spicer building.
Completion value is expected to be in the vicinity of $60m.
To register your interest in this development please forward your
contact details using the link below.
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