David Gonski, Simon Mordant turn huge profit on $70m Alexandria property deal – Sydney Morning Herald

A Bunnings Warehouse has stood on the site for 20 years. Charter Hall has negotiated a surrender package with the retailer which no longer needs the facility.
The attraction for the fund was the areas gentrification where large parcels of land are being rezoned from industrial to high density residential and mixed use, which is creating a shortage of well-located industrial/commercial land.
Charter Hall fund manager Simon Greig said the property provides redevelopment options including the ability…

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