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Metro Property Developments buys Bentleigh Club
Maddocks has advised Metro Property Developments on its acquisition of the Bentleigh Club from the Melbourne Football Club.
Emma Musgrave
Firm: Maddocks (Metro Property Developments).
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Deal: Metro Property Developments has purchased the Bentleigh Club from Melbourne Football Club.
Value: $23.7 million.
Area: M&A.
Key players: The Maddocks team on the matter was development partner Bettina Sheeran and senior associate Alexandra Yorston.
Deal significance: The Bentleigh Club is located in Melbourne’s inner-southeast and has been owned by the Melbourne Football Club since 2011.
Under Metro Property Development’s acquisition, the venue will be closed and the land, covering 33 Yawla Street and 32-46 Huntley Road in Bentleigh, will be redeveloped for residential use, a statement from Maddocks confirmed.
“We highly value the relationship we have with Metro Property Developments and are proud to be assisting David Steele and Luke Hartman on another strategic Melbourne acquisition,” lead partner Bettina Sheeran said.
