Source: Property Observer
Melbourne-based property investment company OpenCorp has acquired sites in Queensland to develop an estimated $360 million in projects at Albion and West End.
The Albion site was bought for $11 million, inclusive of existing development approval for 154 apartments.
Designed by Hayes Andersen Lynch Architects , the development will comprise one, two and three-bedroom apartments worth an estimated total of $89 million.
OpenCorp expects Albion’s housing values to rise significantly, being five kilometres from the CBD and bordering on the blue-chip areas of Ascot, Hamilton and Clayfield.
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