Asian Investment Heads North – Epping: Melbourne’s Fast-growing Outer Suburb
Property development and investment group Riverlee has purchased 215 Cooper Street, Epping, a 46-hectare former quarry and landfill site approximately 19km north of Melbourne’s CBD. The site was purchased in partnership with Malaysian publicly listed company Batu Kawan Berhad (BKB) in an off-market deal for $14 million.
The site marks the BKB Group’s first real estate investment in Australia.