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Fraser Property Australia, Irongate Group settles ‘largest site acquisition’ in metro Melbourne
Frasers Property Australia and Irongate Group have settled the purchase of the former Bradmill manufacturing site with assistance from MinterEllison.
Naomi Neilson
Firm: MinterEllison (Frasers Property Australia, Irongate Group)
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Deal: In “one of the largest site acquisitions” in Melbourne, Frasers Property Australia and Irongate Group have settled the purchase of the former Bradmill manufacturing site in Yarraville outside of Melbourne’s CBD.
Value: N/A.
Area: M&A.
Key players: N/A.
Deal significance: The 26-hectare site has a development to deliver a new mixed-use community with a diverse choice of homes, a neighbourhood shopping centre, parks and open space, in a 50-50 joint venture.
The acquisition represents the sixth development joint venture between Frasers Property and Irongate and is one of the largest site acquisitions in metropolitan Melbourne within recent times.
