Send us a message

Melbourne developer snaps up Sunshine North quarry for $34 million

Article Originally Published On Star Weekly - Published August 2017

A Melbourne developer will build up-market townhouses on a former Sunshine North quarry site it has bought for $34 million.

Pace Developments outbid rival overseas and Australian developers to buy the 20-hectare site abutting the Maribyrnong River for a chance to develop stage four and five of Bendigo-based developer Yourland’s River Valley Estate.

The Duke Street property was once a basalt quarry and has sat idle for years with plans for a medium-density townhouse development with a retail precinct.

Pace managing director Shane Wilkinson said the purchase comes three years after the developer began looking to buy in Brimbank.

“The acquisition signals an exciting new vision for Pace,” he said.

“The company has traditionally focused on medium density apartment projects in inner-urban suburbs around Melbourne …We have been looking for a suitable site around the Sunshine area for the past three years to execute this strategy.”

The developer plans to apply for a permit to build 228 “premium townhouses” as part of stage four, with construction tipped to begin mid-next year. Another 750 residences, a supermarket and shops are planned for stage five.

The development will be marketed to first and second home owners. A Pace spokesman said the townhouses would be “affordable but well-considered”.

Julian White, who brokered the sale with Mark Wizel, Nathan Mufale and Lewis Tong, said the sale highlights growing demand in Melbourne’s west. “Due to heightened restrictions in the Melbourne CBD and city fringe markets, buyers are capitalising on local councils’ willingness to encourage suburban developments,” Mr White said.

“This offering was also perfectly timed to capitalise on strong demand from developers for medium density townhouse developments in established suburban areas – particularly those with vast retail amenity and employment drivers, as well as proximity to educational institutions and key infrastructure,” he said.

Privacy Policy

Users of this site acknowledge and agree that any personal information provided may be used by a third party for marketing purposes.  We do not collect personally identifiable information about you, except when you provide it to us. For example, if you decide to complete an online registration form you may be asked to provide certain information such as your contact information (name, e-mail address, mailing address, and telephone number).  The information you provide may be used by us to create and deliver to you our newsletters or surveys, or other communications containing property launches.  If you provide us with your email or IM address or mobile phone number we may provide you with these communications electronically.  We may sell or transfer such personal information to our affiliates, licensees and partners.  We will use the information you provide to us only in accordance with Privacy Laws and we shall retain the information you provide to us until it is no longer relevant to our business or you request that we delete the information. We may share your personally identifiable information with our “Affiliates” that distribute and market Pace Development Group properties.   An “Affiliate” is a person or entity that directly, or indirectly through one or more intermediaries, controls or is controlled by, or is under common control with, our company. An affiliate may operate outside Australia. 



While every effort has been made to ensure the information contained herein is correct at the time of issue, the enclosed information is subject to change at any time.