Charter Keck Cramer was engaged in 2010 by Amcor to assist with the preparation and carriage of sale of its Alphington Mill site. The current operations are scheduled for relocation in March 2012 and thereafter the property will be surplus to Amcor's needs. The site, of circa 16.46 hectares, enjoys a 279 metre frontage to the Yarra River and is just 7 km's from the Melbourne CBD. With a development value "upon completion" of some $1.5 billion the vision for the site is to create a sustainable, master planned, mixed use neighbourhood activity centre and residential precinct that integrates with the neighbourhood and provides Urban renewal on a scale not seen since Melbourne's Docklands.
As Due Diligence and Transaction advisor to Amcor, Charter is working in partnership with Colliers to brief the market on the project hallmarks which support this once in a life time development opportunity.
Specifically Charter has to date reviewed all project documentation, provided development advice, detailed financial analysis and considered a number of divestment options available to Amcor. Thereafter Charter has managed the preparation of extensive environmental and other due diligence material, assisted in the composition of the marketing collateral and legal documentation.
Charter's ongoing relationship with Amcor demonstrates its capacity and ability to solve complex property engagements for Australia's top corporations. Other recent corporate clients that continue to benefit from Charter's unique expertise include Telstra, Mainfreight, Costa Group, Orica and GPT.
The property is to be sold via International Tender closing 17th March 2011.
As Due Diligence and Transaction advisor to Amcor, Charter is working in partnership with Colliers to brief the market on the project hallmarks which support this once in a life time development opportunity.
Specifically Charter has to date reviewed all project documentation, provided development advice, detailed financial analysis and considered a number of divestment options available to Amcor. Thereafter Charter has managed the preparation of extensive environmental and other due diligence material, assisted in the composition of the marketing collateral and legal documentation.
Charter's ongoing relationship with Amcor demonstrates its capacity and ability to solve complex property engagements for Australia's top corporations. Other recent corporate clients that continue to benefit from Charter's unique expertise include Telstra, Mainfreight, Costa Group, Orica and GPT.
The property is to be sold via International Tender closing 17th March 2011.