Leighton Holdings aquires Moonee Ponds site for $23 million

Leighton Properties has acquired a large site in Moonee Ponds for $23 million with plans to build a mixed-use development 10 to 16 levels high.

The 1.339-hectare site on Hall Street was the former home of the Moonee Ponds market and includes five titles with six street frontages.

It is currently used for car parking purposes.

CBRE’s Scott Orchard, Justin Clarkson and Ari Petrovs – in conjunction with Colliers’ Peter Bremner and Jeremy Gruzewski acted on behalf of vendor, Reading Entertainment.

“This landmark development will help transform the suburb of Moonee Ponds into a thriving community just 6.5 kilometres from the CBD,” says Clarkson.

“Very rarely does a site of this size present itself with such extensive possibilities to deliver a landmark mixed use project of exceptional scale and town-centre prominence,” says Orchard.

Orchard says the surrounding amenities, including public transport, the Puckle Street retail strip and Moonee Ponds shopping centre will ensure the success of a high density, mixed-use development on the site.

Nicola Trotman

Nicola Trotman

With a penchant for the written word, Nicola has built a career doing just this – now Creative Director at thriving Melbourne-based PR agency, Greenpoint Media.

Community Discussion

Be the first one to comment on this article
What would you like to say about this project?