AUGUST 18, 2015 \ STARWEEKLY.COM.AU
NEWS + SPORT + PROPERTY GUIDE
Investors look to Sunbury Property experts believe the record $40 million sale of a major Sunbury shopping centre to private investors is a sign people are waking up to opportunities in the town. As reported by Star Weekly online, settlement on the unadvertised 3.1-hectare Sunbury Central site, which includes Big W and Readings Cinemas, was reached last week. It’s believed to be the largest-ever single commercial property transaction in Sunbury and the Macedon Ranges. A 206-hectare residential site, south of Sunbury, was sold to Chinese investors for $40 million in June. Glenn Ingram, director of former Sunbury Central and owner of Ingram Property Group, said the latest sale, to Australian investors, was a big win for the town. ‘‘This certainly strengthens the capital values within the town centre for a long time,’’ he said. Mr Ingram, who developed the centre that opened in 2000, said the sale and recent developments by major corporations, such as Villawood and Australand, reflected growing interest in the area. ‘‘The strength of the property indicates that there are plenty of people now who are seeing Sunbury as a regional base.’’ Mr Ingram said he believed Sunbury had been misunderstood in terms of the strength of its catchment and the way it attracted people from the Macedon Ranges. ‘‘What we know from our retail involvement in Sunbury is that we don’t see significant visitation from residents of Coolaroo or Broadmeadows …
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They will bring other expenditure with - Glenn Ingram them
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Mr Ingram, whose group has many other interests in the area, said he is proud of what Sunbury Central achieved. ‘‘I think you can argue pretty solidly that Sunbury Central created not just job opportunities but opportunities for every other retailer in Sunbury.’’ JLL Australia retail investments director Stephen Bolton said the sale spoke volumes about what’s going on in the area. ‘‘People have been eyeing off Sunbury for some time, and things like the electrification of the train line have made it even more attractive,’’ he said. Sunbury-based Hume councillor Jack Medcraft said it was confirmation that investors saw Sunbury as the centrepiece of the next major growth area. ‘‘You can bet others will follow.’’
EVERYTHING MUST GO!
Hundreds of primary school children dressed in footy gear are expected to jump at the chance to meet police officers such as Constable Steve Black (pictured) at Sunbury’s next Blue Light Disco. Close to 300 kids packed Sunbury Memorial Hall for the most recent disco, which had a pyjama theme. The discos, held every two months, provide an opportunity for children to have positive interaction with police while having a dance. Kids are being encouraged to dress up in their favourite football or sports clothes for the next disco – from 6-8pm on August 28. Cost: $7. For more details, phone Senior Constable Kimberley Hunting on 9744 8111 or visit goo.gl/bdgdGB.
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when we do surveys, we generally get 20-30 per cent of people from Macedon Ranges postcodes. ‘‘We are putting three national tenants in the [former McKinnons Electrical site], who don’t currently have a presence in Sunbury. ‘‘They’re tenants who are going to attract that broader community … they will come from Gisborne, Clarkefield, Romsey, and so on. And when they do, they will bring other expenditure with them, which creates more jobs in the town, which creates better opportunities and the need for more infrastructure.’’
(Joe Mastroianni)
By Matt Crossman
Ends 30/08/15. Harvey Norman® stores are operated by independent franchisees. Images are for illustrative purposes only.
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