The former Presentation College on Dandenong Rd, Windsor, has sold to a residential development company.
The former Presentation College site in Melbourne’s inner south east has sold to a developer for about $40m.
Pace Development Group is planning to build apartments at the 1.89ha land parcel on Dandenong Rd, Windsor.
The Catholic charitable organisation Presentation Association Victoria (PAV) inked the deal on behalf of the Presentation Sisters Victoria.
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The religious order previously operated a school at the property, featuring an ex-convent and chapel, which closed due to declining enrolments in 2020.
Presentation College alumni include journalist Jana Wendt, Home and Away star Pia Miller, the late Prisoner actor Sheila Florance and The Real Housewives of Melbourne’s Lydia Schiavello.
PAV had owned the site for more than 150 years prior to the sale.
Commercial real estate agency Colliers’ Jozef Dickinson declined to comment on the price but industry sources indicated it changed hands for circa-$40m.
Mr Dickinson said the marketing campaign had been incredibly strong, with he and his fellow agents receiving north of 150 inquiries from buyers including residential developers, private schools, and aged care and retirement operators – even a private group considering using the site as a museum.
“There was plenty of local interest and had a couple of international developers and some international groups in the aged-care and retirement living space,” he added.
The Presentation Convent Windsor was established in 1873.
Journalist Jana Wendt is among Presentation College’s former students.
Mr Dickinson the interest was amplified by the former school’s size and the Victorian Government announcing a new Train and Tram Zone activity centre centred in and around the nearby Windsor train station, where it is proposing future residential development of up to 12 storeys in selected neighbourhoods.
The Jacinta Allan-led government is hoping more than 300,000 new homes will be built in 60 activity centres across Melbourne to help boost the city’s housing supply, by 2051.
Mr Dickinson said that while formal guidelines for the wider Windsor centre’s redevelopment were yet to be adopted, the school site could potentially have a future discretionary height limit of roughly six storeys.
Pace’s plans for the land include a staged redevelopment which will retain its heritage elements, with the former educational institution covered by a Stonnington Council heritage overlay.
Presentation College closed in 2020 due to declining student numbers. Picture: Tony Gough.
Model, actor and television presenter Pia Miller is another former student of the school. Picture: Tennis Australia/Fiona Hamilton.
The residential developer’s founder and manager Shane Wilkinson said Pace was aiming to build a “carefully considered housing precinct, well connected to the heart of Windsor and the surrounding locale”.
Pace has delivered more than 100 projects across Melbourne including a recently-completed 14-storey complex near Flemington Racecourse and the colourful St Kilda 119-apartment tower nicknamed “the Lego building” by locals thanks to its stacked, cube-like structure.
The sale was managed by Mr Dickinson and his colleagues John Marasco and Philip Heberling.
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