The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
FULL PROGRAM RELEASED FOR URBANITY-25 CONNECTING PROPERTY LEADERS ACROSS THE ASIA PACIFIC
FULL PROGRAM RELEASED FOR URBANITY-25 WHERE THE PROPERTY INDUSTRY CONNECTS
VIEW FULL AGENDADETAILS
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
ResidentialStaff WriterThu 10 Sep 15

Developers Tipped To Circle Adelaide's Le Cornu Site

1

Adelaide’s landmark Le Cornu furniture site in Forestville has been listed for sale for the first time in more than 40 years.

CBRE and JLL have been jointly appointed to sell the 3.6 hectare Anzac Highway landholding, which represents one of the largest inner metropolitan redevelopment sites in Adelaide.

While the site has an existing lease agreement in place providing substantial holding income, proposed town planning amendments would allow for a future medium/high density residential development and mixed use options.

This is expected to underpin significant developer interest in the site, which is on the market through CBRE’s Phil Rundle and Ben Heritage together with JLL’s Jamie Guerra and Roger Klem.

The 10 Anzac Highway site is offered for sale on behalf of the estate of the late Lance Le Cornu, who sold the furniture business to Fantastic Holdings in 2008. The Forestville land was retained and leased to Fantastic, with the company having since traded from the site under the Le Cornu name.

“For many decades Le Cornu has been one of the most recognised names in Adelaide as a result of both the company’s dominant position in the furniture industry and the iconic sites they have owned and operated over the years,” Mr Rundle said.

“In the case of Forestville, the site’s profile and future development potential positions this as the most exciting opportunity available in inner metropolitan Adelaide.”

RetailAustraliaMarketingSector
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
Exclusive

Private Credit Surge, Skittish Buyers Force Banks to Loosen Presale Rules

Taryn Paris
5 Min
Forme's James Place on James Street, Fortitude Valley Brisbane
Exclusive

Forme Pushes the Boundaries on James Street Precinct

Renee McKeown
4 Min
Exclusive

Invicta House Rebirth Proves Recipe for Heritage Success

Leon Della Bosca
7 Min
Exclusive

Freecity’s $300m PBSA to Prove Worth of Modular at Scale

Leon Della Bosca
7 Min
Exclusive

Billbergia’s John Kinsella: Whiskey, Fun and a Fear of Heights

Vanessa Croll
8 Min
View All >
Hindmarsh Tiers Retreat HERO
Hotel

Eco-Luxury Retreat Revealed for SA’s Fleurieu Peninsula

Leon Della Bosca
Exclusive

Private Credit Surge, Skittish Buyers Force Banks to Loosen Presale Rules

Taryn Paris
South Molle Island before Cyclone Debbie
Hotel

South Molle Island on Block as Chinese Owners Exit

Leon Della Bosca
Chinese owners reportedly seek $30m after $25m purchase as Whitsundays tourism market attracts billionaire investment…
LATEST
Hindmarsh Tiers Retreat HERO
Hotel

Eco-Luxury Retreat Revealed for SA’s Fleurieu Peninsula

Leon Della Bosca
3 Min
Exclusive

Private Credit Surge, Skittish Buyers Force Banks to Loosen Presale Rules

Taryn Paris
5 Min
South Molle Island before Cyclone Debbie
Hotel

South Molle Island on Block as Chinese Owners Exit

Leon Della Bosca
4 Min
HWL Ebsworth's adaptive reuse plan for 5 martin Place Sydney
Office

Martin Place ‘Money Box’ Revamp Plans Filed

Leon Della Bosca
4 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/le-cornu-anzac-highway