In the Media
A 30,000 sqm food and beverage precinct Is opening in Moorabbin’s Ex-cigarette factoryUrban List – 02 July, 2021
Up Property pre-commits Barwon Health to Geelong officeReal Estate Source – 11 June, 2021
Up Property acquires Wantirna South Townhouse siteReal Estate Source – 07 June, 2021
Infomedia commits to Up Property’s Morris MoorReal Estate Source – 20 July, 2020
Market Wrap – DandenongThe Age – 18 September, 2019
Retail regeneration is a work of artGeelong Advertiser – 24 June, 2019
Stomping Ground Morris MoorBroadsheet – 11 June, 2019
Morris Moor is new stomping ground for pub projectThe Age – 05 June, 2019
Geelong GoldAustralian Financial Review – 04 June, 2019
A window into our historyGeelong Advertiser – 21 February, 2019
Addy’s new offices add vibrancy – Mall gets a fresh startGeelong Advertiser – 21 February, 2019
Group raises stake in Belmont stripGeelong Advertiser – 07 November, 2018
Schots Home Emporium celebrates new Moorabbin outlet with huge saleHerald Sun – 10 August, 2018
Startups offered co-warehousingThe Age – 31 July, 2018
Phillip Morris site reborn as business parkAustralian Financial Review – 02 May, 2018
Addy on the moveGeelong Advertiser – 17 February, 2018
Fresh vision set to transform arcadeGeelong Advertiser – 16 December, 2017
CSIRO TransformationGeelong Advertiser – 13 May, 2016
Phillip Morris stubs out at Moorabbin to light up in CBD in AugustFinancial Review – 03 February, 2016
Tobacco giant stubs out site at MoorabbinThe Age – 03 February, 2016
Noble VillageThe Age – 30 May, 2015
Giant Belmont CSIRO site soldGeelong Advertiser – 22 May, 2015
$7m townhouses plan for former schoolGeelong Advertiser – 14 May, 2014
Opportunity brews in Bayswater
In another impressive demonstration of industry-leading acuity, Up Property has acquired 6 High Street, Bayswater. The site is located southwest of Mountain Highway, adjacent to the Mountain High Shopping Centre and recently upgraded Bayswater Station. Boasting a generous land area of 7,369m2 and a building area of 2,433m2, the property was purchased off-market with two long-term leases in place: one with an independent supermarket food retailer, the other with a butcher locally beloved as a Bayswater institution. Steered by the success of its portfolio and investment strategy to date, Up Property sees 6 High Street, Bayswater, as a land bank with cashflow for the near future—a long-term mixed-use development play.
An extension of Bayswater Shopping precinct—a major activity centre—Up Property’s latest acquisition is zoned Mixed-Use within the Knox City Planning Scheme. With the same foresight that paved the way for Up Property’s success in Geelong, and its continued success with Moorabbin’s Morris Moor, the developer sees its new acquisition as teeming with potential for well positioned, intelligent, large-scale development. Many of the pieces are already in place: town planning allows for a mixed-use large-scale development including commercial tenancies, apartments and townhouses. Flanked by a shopping centre, major supermarkets and three banks, the site is host to hundreds of daily visitors. Mountain Highway alone carries 37,000 vehicles past the site each day. On top of that, the refreshed Bayswater Station connects workers and locals to the CBD within 45 minutes; for those who prefer the bus, eight routes run through the station.
Up Property has been quick to strengthen relationships with 6 High Street’s existing tenants; so much so that the independent supermarket has already signed an additional lease at Up Property’s 107 High Street, Belmont.
An exciting leap forward for the sharp-eyed developer, 6 High Street, Bayswater, is a strategic gem—a well-positioned site geared for growth and community enrichment. Every figure, insight and observation points to one firm conclusion: Up Property’s newest venture is brimming with potential for a future-focused, mixed-use precinct that will serve as the heart of outer eastern Melbourne.