In the Media

A 30,000 sqm food and beverage precinct Is opening in Moorabbin’s Ex-cigarette factory

Urban List – 02 July, 2021

Up Property pre-commits Barwon Health to Geelong office

Real Estate Source – 11 June, 2021

Up Property acquires Wantirna South Townhouse site

Real Estate Source – 07 June, 2021

Infomedia commits to Up Property’s Morris Moor

Real Estate Source – 20 July, 2020

Market Wrap – Dandenong

The Age – 18 September, 2019

Retail regeneration is a work of art

Geelong Advertiser – 24 June, 2019

Stomping Ground Morris Moor

Broadsheet – 11 June, 2019

Morris Moor is new stomping ground for pub project

The Age – 05 June, 2019

Geelong Gold

Australian Financial Review – 04 June, 2019

A window into our history

Geelong Advertiser – 21 February, 2019

Addy’s new offices add vibrancy – Mall gets a fresh start

Geelong Advertiser – 21 February, 2019

Group raises stake in Belmont strip

Geelong Advertiser – 07 November, 2018

Schots Home Emporium celebrates new Moorabbin outlet with huge sale

Herald Sun – 10 August, 2018

Startups offered co-warehousing

The Age – 31 July, 2018

Phillip Morris site reborn as business park

Australian Financial Review – 02 May, 2018

Addy on the move

Geelong Advertiser – 17 February, 2018

Fresh vision set to transform arcade

Geelong Advertiser – 16 December, 2017

CSIRO Transformation

Geelong Advertiser – 13 May, 2016

Phillip Morris stubs out at Moorabbin to light up in CBD in August

Financial Review – 03 February, 2016

Tobacco giant stubs out site at Moorabbin

The Age – 03 February, 2016

Noble Village

The Age – 30 May, 2015

Giant Belmont CSIRO site sold

Geelong Advertiser – 22 May, 2015

$7m townhouses plan for former school

Geelong Advertiser – 14 May, 2014
Back

News Journal

Shrewd moves in Geelong

– 02 February, 2022
With its latest acquisition, Up positions itself as a major player in the growth and development of in-demand Geelong, a city whose population is growing faster than Australia’s five largest capital cities.
The opportunity to acquire 164-172 Malop Street and 2 Powell Place in the heart of Geelong’s CBD was presented to Up by Gartland Property as an off-market offering. Priding itself on the strength and quality of its relationships, Up has again demonstrated the value of building trusted connections with local experts.
The acquisition comprises two neighbouring properties, purchased for $8M. The Malop Street property is an existing 2,200sqm building that inhabits the entire lot. It houses four retail tenants with three years remaining on the lease.
Adjoining the Malop Street property, 2 Powell Place is a 170sqm standalone building that consumes the entire lot. It is currently occupied by a single tenant.
Both properties enjoy mixed-use and activity centre zoning, with no heritage, environmental, land management, or areas of cultural heritage zoning overlay. This provides Up with an attractive cash-flowing asset; a fortunate position that allows the developer the luxury of time to carefully plan for the site’s exciting future. In keeping with Up’s signature visionary strategies, the developer will pursue a short- to medium-term hold at a cash-flow neutral position, with the long-term opportunity to grow the site’s upside significantly. The site will be repositioned as a higher-yielding asset designed to harness and reflect its vibrant, burgeoning surrounds.
By purchasing this strategically located asset in a growth area – and at the lower end of land values – Up is now in a position to carefully plan the asset’s future as a mixed-use development, home to 65+ apartments and 1500sqm of ground-floor commercial space. Positioned opposite Westfield Shopping Centre and surrounded by major retailers such as Chemist Warehouse, Officeworks and Big W – and only 500m from the beach– it’s easy to recognise the boundless potential of 164-172 Malop Street and 2 Powell Place.
Up has built its reputation on colouring outside the lines; on identifying opportunities long before they land on the radars of others. While development in Geelong has surged in popularity recently, Up’s presence in the city spans many years. Its most recent acquisition underscores Up’s commitment to growing its Geelong portfolio and helping to shape the city’s bright future.