August 2025188-192 Grimshaw Street, Greensborough
Stonebridge Property Group is pleased to announce the sale of 188-192 Grimshaw Street, Greensborough, marking our sixth development site sale in the past two weeks.
Underpinned by a 1,358 sqm landholding, the property was permit approved for 11 townhouses, and surrounded by all key amenity, with only a short walk to Greensborough Plaza.
The Stonebridge team generated strong interest in the property, leveraging our extensive database of buyers actively seeking townhouse development sites. The teams deep experience in the development site sector enabled swift navigation of the complexities associated with these sales to deliver a strong outcome.
Director of Stonebridge Andrew Milligan commented, “The Melbourne townhouse market continues to improve. Renewed confidence in product revenues and sales velocity is driving demand for residential development sites from developers and builders looking to capitalise on Melbourne’s rebound.”
The deal was negotiated by Stonebridge’s specialist Development Sites team, including Director Andrew Milligan, National Partner Julian White, and Partner Chao Zhang from the Asia Practice team. Stonebridge’s dedicated Development Sites division is the largest in the market, having transacted over $5.5 billion worth of development sites in the past 10-years.
For further information, please contact the Stonebridge team.
All figures are an approximate only.
For further information, please contact:
Andrew Milligan | +61 421 559 992 | AMilligan@stonebridge.com.au
Julian White | +61 422 764 137 | JWhite@stonebridge.com.au
Chao Zhang 张超 | +61 411 625 068 | CZhang@stonebridge.com.au
About Stonebridge
Stonebridge is a tier one commercial real estate agency specialising in the sale, leasing and management of retail property and development sites. Operating across Australia and New Zealand across all price points.
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