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Other Developments
A curated list of other prominent stories from this day.
11:18 PMPropertymarkets News
Affordable Housing Supply in Focus as Victorian Government Progresses Cohuna Site
Summary
A proposed residential community of more than 430 lots in Cohuna has been selected to progress to assessment under the Victorian Government's Unlocking Strategic Sites pathway. Developer Wel.Co welcomed the move as part of efforts to expand housing opportunities in regional Victoria.
The site has moved from a private proposal into a government-backed assessment process, but it
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Why it matters
A large regional housing project is closer to reality, but supply gains still depend on approvals and infrastructure delivery.
QIC Everyday Retail Fund Acquires Mambourin Marketplace in Melbourne’s West
Summary
QIC Real Estate has acquired Mambourin Marketplace in Melbourne’s western suburbs for $53.87 million. The deal is the second acquisition in under 12 months for the refreshed QIC Everyday Retail Fund and its first investment in Victoria.
The acquisition expands QERF beyond its existing markets and gives the fund exposure to Melbourne’s
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Why it matters
QIC is using neighbourhood retail to build a broader national portfolio while targeting population growth corridors.
Campbellfield Retail Asset Offers Front-Row Seat to $1.1B Redevelopment
Summary
Colliers has been appointed to sell 335 Barry Road, a freehold retail investment in Campbellfield’s established neighbourhood shopping strip. The property sits directly opposite Pelligra’s planned $1.1 billion mixed-use redevelopment of the former Ford Factory site.
The asset’s investment case now depends partly on the redevelopment across Barry Road, which could
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Why it matters
The sale tests how much investors will pay today for retail exposure to a major urban renewal project that has yet to deliver its full benefits.