Madison & Masters has successfully negotiated on behalf of a number of clients the purchase of multiple properties for a site consolidation for development purposes.

We have successfully completed three site consolidations over the last five years. As an example we acted on behalf of the owners of the Mowbray Shopping Centre in Launceston Tasmania to acquire 11 houses to consolidate a site to be re- zoned from residential to commercial to allow for the development of a pre – leased Target Discount Department store and a Chemist Warehouse. This development was successfully completed and recently sold.

Other site consolidations have been for a shopping centre in Adelaide and a site in the northern suburbs of Melbourne for the sale to an Aged Care provider.