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Private property // Divine development sites

Title: Private property // Divine development sites
Date: Saturday, 5 June 2010
Publisher: The Age (Australia)
Author: Marc Pallisco
Main source:

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THE Uniting Church is continuing to offload prime real estate. It can expect to make about $6 million from the sale of a church, hall and car park (above) at 12-14 Spring Road, Malvern, near the Toorak and Armadale borders.

The 3033-square-metre site, which is zoned residential 1 and has two street frontages, is expected to make way for a medium-density residential project, given the push to build up, instead of out, as per the government’s Melbourne @ 5 Million planning policy.

Nick Breheny and Lou Montalti of Kliger Wood are selling the Malvern site by tender closing at 3pm on, Thursday, June 24.

In February, the Uniting Church in Australia Property Trust (Victoria) reaped $2.17 million from the sale of the 1936 St Andrews Church in Flinders (above) which sold to a private investor. Another religious group, the Church of Scientology, recently sold its headquarters of 30 years, in the city centre, for $8.5 million, ahead of a move to Ascot Vale. Property developer David Marriner bought the church’s outgoing Russell Street building.