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VRC Sells Epsom Rd Land

Friday, 22nd December 2017

The Victoria Racing Club (VRC) yesterday announced the sale of a parcel of land at 550 Epsom Road at Flemington Racecourse. VRC Chairman Amanda Elliott said the Club carefully considered its options and decided the sale of the Epsom Road site to Pace Development Group was the best result for all involved. "We are delighted with the outcome and congratulate Pace Development Group Managing Director Shane Wilkinson and his team on being the successful bidder for this prime piece of real estate. It was a very competitive process with high quality companies involved," Mrs Elliott said. "The VRC will remain active in the design process and looks forward to working closely working with Pace Development Group on this landmark site." A Planning Amendment granted earlier this year for the Epsom Road site, following extensive community consultation, allows for the construction of up to 15 storeys containing up to 300 dwellings, subject to planning approval and other conditions. The Planning Amendment also allowed for development of a parcel of land between Leonard Crescent and the racecourse, known as Flemington Hill. However, the VRC has decided to retain this land.

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