Residential developer Devine has sold a prime retail precinct at the $550 million Stonehill community at Bacchus Marsh, further underlining the strength of the western suburbs market.
The local Victorian-based developer who purchased the two-hectare site at 10 McCormacks Road plans to build a $20 million neighbourhood shopping centre.
The site was sold with planning approval for a neighbourhood shopping centre with space for a major supermarket and specialty shops.
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