Former CSIRO Site destined to be Melbourne’s best bayside development

Colliers International expects influx of interest in unique blue chip site

A former CSIRO property in Highett is set to become one of Melbourne’s largest infill development sites following an anticipated sales campaign. 

Colliers International’s Trent Hobart, Peter Bremner, Hamish Burgess have been appointed on behalf of CSIRO along with transaction manager Urbis, to sell a unique 9.34ha site at 37 Graham Road in Highett.

“Known as Park Village, this extraordinary development opportunity represents one of Melbourne’s largest and most flexible infill development sites that will capitalise on the Bayside area’s continued growth by delivering pre-eminent park-side residences,” Mr Hobart said. 

“It is a unique and truly unrepeatable offering in a blue chip market, the market has been waiting a long time for this site to become available. It has been a four-year wait for the market’s biggest and best buyers to be given the opportunity to purchase this site. 

“This is the only 93,400sqm residential development site in a premium south eastern bayside location so we expect all major developers locally, nationally and internationally to have an interst in this sale.”

Home to former CSIRO laboratories, the site will be sold with vacant possession and clear of all building improvements. 

“The site is prominently positioned between the Nepean Highway and Port Phillip Bay, nestled amongst some of Melbourne’s most exclusive suburbs such as Brighton, Hampton and Sandringham,” Mr Bremner said. 

“Park Village at Highett is an increasingly rare large scale, predominantly townhouse opportunity, that is destined to become a world class urban village set in a prime park setting with the future residences surrounded by 4,000 sqm of parkland, situated next to a Highett Shopping including Woolworths and the Highett Train Station.”

The Park Village site is located immediately south of the recently completed full line Woolworths Shopping Centre, 100m from the Highett Train Station and positioned within the new generation café and retail strip of Highett Road.

As part of the sale process, the land will be re-zoned upon settlement to Residential Growth Zone and Development Plan Overlay - Schedule 2. Upon settlement, 4ha of the site area will be transferred to Bayside Council for public open space and conservation. 

The property is for sale via an International Tender campaign, closing Wednesday 19 June 2019.

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Trent Hobart

Director

Melbourne CBD (Residential)

Trent brings unrivalled market knowledge: He is Director of Residential City Sales and has been involved in over 50% of all City of Melbourne developments in the last five years.  He has been involved in Melbourne’s residential and commercial real estate market for 15 years. Over this time Trent has specialised across numerous professions including sales, development and valuations. Trent joined Colliers in 2014, having previously worked for more than eight years as a Director of Development Valuations at CBRE.  During this time, Trent developed key relationships with property developers, Australia wide and internationally.  In 2016 Trent transacted 25 development sites with a total value of over $850,000,000.

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Peter Bremner

National Director | Melbourne Metro Sales

Melbourne East

Peter has a total of 25+ years’ experience in the commercial real estate industry including over 23 years with Colliers International. 

He started his real estate career as a Valuer in 1991 at the City of Nunawading and obtained his qualification as a Valuer in 1993.

Peter joined Colliers International in June 1993 and commenced as an Assistant Valuer.  From 1994 - 1997, he concentrated on retail & industrial sales and leasing in Melbourne's south-eastern suburbs. 

Peter joined the Commercial & Investment Sales department at the start of 1998 to specialise in the sale of metropolitan office investments, commercial and residential development sites and vacant possession office sales. Peter’s track record for Melbourne city fringe and metropolitan office investment sales between $10 million - $80 million is unrivalled.

He was appointed National Director of the Investment Sales Department, Eastern Office in mid-2012.

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Hamish Burgess

Director | Development Sites

Melbourne East

Hamish specialises in the sale/acquisition of Residential Development Sites in the Melbourne City Fringe & Metropolitan market.

This specialization involves issuing strategic advice to a range of clients including but not limited to institutional clients, private clients, boutique developers, international developers and adjoining home owners.

Types of disposal include the sale of the below:

• Sale of permitted and unpermitted apartment development sites
• Sale of permitted and unpermitted townhouse development sites
• Sale of adjoining homes as development sites
• Sale of land subdivisions

 

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