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Student HousingMarisa WikramanayakeWed 25 Jun 25

Revived Bensons Files Student Living Plans in Melbourne

Hayball Architects' rendering of the Bensons Property Group's PBSA plans for the Cable Tram Engine House on Brunswick Road, Brunswick, Melbourne.

Resurrected property development manager Bensons Property Group has filed plans for a seven-storey project on a heritage site at Melbourne’s Brunswick.

Bensons negotiated a deal with creditors this year to leave administration, agreeing to return 0.14 cents for every creditor dollar.

At the time it owed creditors $400 million. The company reorganised itself as a development manager and offered creditors an option to reinvest in a $30-million debt fund and a $20-million equity fund.

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Student HousingMelbourneDevelopmentPlanningProject
AUTHOR
Marisa Wikramanayake
The Urban Developer
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Article originally posted at: https://www.theurbandeveloper.com/articles/bensons-brunswick-cable-tram-station-pbsa