R&F PROPERTIES ADVANCE PLANS FOR KINNEARS FOOTSCRAY REDEVELOPMENT
The first steps have been taken in order to facilitate one of Melbourne’s largest apartment developments. Guangzhou-based real estate giant R&F Properties has initiated a permit application for the redevelopment of the Kinnears Footscray site (via their Australian subsidiary R & F Estate Pty Ltd), with the intent of delivering multiple apartment towers.
Lodged during September, 124-188 Ballarat Road Footscray seeks both limited demolition and adaptation of existing heritage buildings spread over the site, with the earliest structures identified as dating back to 1909.
R&F Properties purchased Kinnears Footscray last year for $60 million after fellow developer AXF Group chose to move the asset on. This follows a 2012 Maribyrnong City Council and Ministerial planning scheme amendment for the site, which essentially paved the way for a residential and mixed-use development of up to 1400 dwellings.
More info: https://urban.melbourne/planning/2015/10/19/rf-properties-advance-plans-kinnears-footscray-redevelopment