MELBOURNE, 31 MARCH 2021
Frasers Property Australia has sold The Grove Town Centre, in Melbourne’s western growth corridor, to Empire Properties.
The sale includes two lots totalling three hectares in the heart of The Grove and ensures the vision for the Town Centre, which includes a supermarket, cafes and restaurants will fully complement and be an asset to the overall development.
With a proven track record in delivering quality neighbourhood centres in Melbourne, Empire Properties is the ideal partner to bring The Grove Town Centre to life, says Sarah Bloom, General Manager Development Victoria, Frasers Property Australia.
“The Grove Town Centre will be an important focal point for the new community, with a selection of new shops and services to complement the lifestyles of residents. We will work together with Empire Properties during the planning and design phases to ensure that the project is consistent with the character and design of The Grove,” Ms Bloom says.
“This important deal ensures that planning work commences immediately, with construction of The Grove Town Centre to commence within 12 months of the plans being endorsed,” Ms Bloom says.
Tony Masa, the Managing Director of Empire Properties, says planning is underway, with considered forethought going into construction of the new centre. At this stage, the completion date is projected for mid-to-late 2024.
“The new 5,200 sqm centre will service a catchment of around 15,000 people in one of Australia’s fastest growing regions, so it was an exciting project for Empire Properties to secure and equally so to develop,” Mr Masa says.
Developed by Frasers Property Australia, The Grove, Tarneit, will be home to 8,000 future residents on completion, with many already residing there.
Just 31 kilometres from the Melbourne CBD, with easy access to Tarneit train station and bounded by Davis Creek and Werribee River, the masterplan for The Grove includes interconnected cycling and walking paths linking to outdoor parks and play spaces, the future town centre, schools and community facilities. The new addition of the Davis Creek Footbridge complements the community’s nature-based, waterside-living appeal.
The proposed timeline for securing planning ensures a prompt construction timeline with details being finetuned between Frasers Property and Empire Properties.
With 11 hectares of open space, The Grove is ideal for growing families and people who love the outdoors. The new wetlands system will create a thriving ecosystem for local bird and frog species, while providing picturesque open space for people of all ages to enjoy. It combines 75,000 plants and breathtaking landscape design to transform a section of the community into scenic play and picnic spaces, while enhancing the ecological footprint of the surrounding river environments around Tarneit.
The community is already well-established with more than 1,200 land lots sold and new residents settled in. There are currently a range of land lots available for sale at The Grove, with prices starting from $279,500.