The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
TUD CELEBRATES QLD STATE OF ORIGIN VICTORY 2-FOR-1 URBANITY TICKET DEAL - BUY TODAY
CELEBRATING QLD STATE OF ORIGIN VICTORY 2-FOR-1 URBANITY TICKET DEAL
GET DISCOUNTDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
ArchitectureStaff WriterWed 27 Apr 16

Gurner Acquires Collingwood Site

g

Apartment developer Tim Gurner has acquired a development site in Collingwood in inner Melbourne where he plans to build about 170 luxury apartments.

Mr Gurner acquired the 1800-square-metre site at 23-33 Johnston Street from owners the Martino family in a $12 million off-market deal.

The property was acquired in a joint venture with Angelo Martino.

It is the fifth Melbourne acquisition for Mr Gurner in two years and the third this year following deals to acquire sites in Fitzroy North and Prahran, in partnership with the Smorgon family. It will also be Gurner's 16th building in the area.

"Collingwood is just one kilometre from the CBD and is one of the most desirable suburbs in Melbourne to live in, thanks to its incredible architecture, heritage and resurgence in recent years as one of Melbourne's cultural capitals," Mr Gurner said.

"Whereas 10 years ago Collingwood was populated with renters and struggling artists, now families and professional couples are looking to Collingwood as the perfect location to invest in a luxury home."The latest acquisition adds $130 million in end value to Gurner's $2.6 billion development pipeline.

ResidentialAustraliaReal EstateDeal
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
Freecity Rouse Hill triple towers 2 Tempus Street
Exclusive

Freecity Takes Covers Off $330m Triple Towers in Sydney’s North-West

Leon Della Bosca
5 Min
Parallel Workshops Stockdale Housing PBSA project
Exclusive

Suburban Success Story Turns PBSA Thinking on its Head

Leon Della Bosca
7 Min
Exclusive

Interstate Developers Find Lots to Love in ‘Progressive, Affordable’ SA

Taryn Paris
5 Min
Bates Smart Richmond Sportslink HERO
Exclusive

BtR Focus Drives Bates Smart’s Richmond Sportslink Concept

Leon Della Bosca
6 Min
Exclusive

Carparking Correlation: How Parking Fees Provide Office Sector Health Check

Taryn Paris
6 Min
View All >
Student Housing

Tech Central Originators Plot Randwick PBSA Precinct

Taryn Paris
Genton Architects' rendering of the East Village Sunbury project by Birchmore and IDA on Lancefield Road in Sunbury, Victoria.
Retail

Retail Centre Moves Ahead as Sunbury Prepares for Growth

Marisa Wikramanayake
Residential

Nation’s Home Value Surge Sweeps Up More Suburbs

Lindsay Saunders
One state is leading the charge, but new data has revealed the value surge is closing in on affecting half the country..…
LATEST
Student Housing

Tech Central Originators Plot Randwick PBSA Precinct

Taryn Paris
3 Min
Genton Architects' rendering of the East Village Sunbury project by Birchmore and IDA on Lancefield Road in Sunbury, Victoria.
Retail

Retail Centre Moves Ahead as Sunbury Prepares for Growth

Marisa Wikramanayake
2 Min
Residential

Nation’s Home Value Surge Sweeps Up More Suburbs

Lindsay Saunders
3 Min
Bridgewater Gagebrook Brighton Derwent River from Granton
Planning

Scheme to Unlock 362 Lots in Tasmania Revealed

Leon Della Bosca
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/gurner-acquires-collingwood-site