The owner of the former Kingswood Golf Course in Dingley Village, AustralianSuper, has abandoned plans to develop the land after facing approval challenges.
The golf course, acquired for $125 million in 2014, was intended for an 800-dwelling project, but approval remained pending for 18 months.
AustralianSuper has decided to sell the site through an off-market expression of interest process, aiming to focus on larger-scale projects due to its significant growth. They are confident of selling the land by year-end.
Despite the sale, AustralianSuper still hopes for the land’s development to provide housing diversity and community benefits. Kingston Council wishes to see the proposed redevelopment abandoned, citing community objections and opposition.
The project awaits a decision from the Victorian planning minister.
Read the full story here: https://baysidenews.com.au/2023/09/06/golf-course-site-put-up-for-sale/
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