19 July, 2014
The Age – Business Day
By Marc Pallisco
Little Projects has vacated the prime Hawthorn office it only bought a few of years ago – but managing director Michael Fox says it is not so it can redevelop the site, which it outmuscled builders to buy. Instead Little Projects quit 41 Burwood Road to allow property manager Run to occupy more of the four-level, 1400-square-metre building, opposite the Hawthorn train station. Little Projects last month relocated to 15 Claremont Street, South Yarra – the street, but not the building, it occupied before buying the Hawthorn property for nearly $7 million in 2011.
The Burwood Road office was for years the headquarters of construction company Abigroup.
Little has just completed the luxury 388-unit Ilk tower at 227 Toorak Road, South Yarra, which replaced an imposing brick ANZ Bank Data Centre the company bought for $33 million in 2007. Another South Yarra project at 2-4 Yarra Street, dubbed Central, will include 357 apartments and is due for completion in late 2015.
Read more: http://www.theage.com.au/business/aunt-maggies-makes-a-call-on-crazy-johns-site-20140718-3c4m7.html