Chinese developer pays $36.2m for Morning Star Estate, Mt Eliza on the Mornington Peninsula.

A CHINESE developer has splashed more than $30 million on one of the largest individual land holdings on the Mornington Peninsula.
The 63ha Morning Star Estate in Mt Eliza was sold by CBRE for $36.2 million when it changed hands late last week. The agency declined to comment on the sale.

The estate featured in the Kath and Kim movie, Kath and Kimderella, and Partisan starring French actor Vincent Cassel, well-known for his performances in Ocean’s Twelve, Ocean’s Thirteen, and Black Swan.
Australian rock royalty Jimmy Barnes and INXS have also held concerts at the sprawling property.

A circa 1860s mansion is part of the package and sits among within the estate’s award-winning gardens.

These include about 75,000 rose bushes, one of Victoria’s biggest collections.
There is also a 12ha vineyard of pinot, chardonnay and cabernet grapes, an orchard, olive grove and grazing pastures on the site.


Source: http://www.realestate.com.au/news/chinese-developer-pays-362m-for-morning-star-estate-mt-eliza/?rsf=syn%3Anews%3Anca%3Ald%3Asocref

One Comment Add yours

  1. Les Ellis says:

    This is a disgrace. There goes our Peninsula – soon will be highrises and hordes of chinese. May the sellers choke on their money. Agents should not be able to sell to chinese (commies) or anyone linked to them. !!!

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s