On Wednesday night a $2 billion joint-venture was announced to redevelop the Moonee Valley Racecourse into a dynamic urban lifestyle precinct, at the heart of which will lie a “world premiere“ night racing venue.
Charter has been working with the Moonee Valley Racing Club on the redevelopment project for 8 years.
“We are very proud of our working relationship and the trust the Club has shown in our ability to help shape their future” – Peter Hutchins, Managing Director.
Charter Keck Cramer structured a partnership between industry superfunds Hostplus, ISPT, property developer Hamton and the Moonee Valley Racing Club (MVRC) to undertake the development of the lifestyle precinct. The redevelopment of the track will be managed by the MVRC.
Initially managing the rezoning and master planning, Charter Keck Cramer more recently conducted the “off market” competitive partner selection process for this unique development project, providing local and international developers and investors the opportunity to submit for the partnership.
Following the marketing campaign, Charter rigorously assessed all submissions and worked along side the Monnee Valley Racing Club to negotiate the final deal.
Please contact Peter Hutchins for information on the deal.