Equiset will undertake a significant redevelopment of the existing retail and University facilities located in the Caulfield Major Activity Centre, at the western end of the University campus.

A key aim of the project (Monash Village) is to integrate the University campus with the community and create an active, vital and sustainable town centre.

Monash Village is a project that has taken seven years of design consultation and exemplifies Equiset’s capacity to provide complex property solutions that deliver a
true benefit to all stakeholders. Equiset’s role is that of owner, developer, project manager and builder.

Features

• Major urban renewal
• Integrating the campus with the community
• Ecologically sustainable design
• Sustainable transport initiatives
• New town centre
• Neighbourhood shopping centre with full line Coles supermarket
• Attractive public open spaces with connections to Derby Road and public transport

Statistics

• Land area 10,000m2
• 3,900m2 Coles supermarket
• 3,200m2 specialty retail with 39 shops
• 436 student apartments providing 612 beds in three separate buildings
• 12,000m2 education space in one building
• 5,500m2 office space in two buildings
• 578 car spaces
• Project value $300 million

Project program/milestones

• Tender Submission
24 September 2004
• Development Agreement and
  Contracts of Sale
5 July 2006
• Minister for Planning approval
  of Amendment C53
18 October 2006
• Council Planning Permits
14 November 2007
• Council Planning Permit for
  Lot 5 Education East (Law Building)
  June 2008*
• Amended Planning Permits
  for Lot 1 and Lot 6
  August 2008*
• Effective Date (Conditions
  Precedent satisfied) end
  November 2008*
• Pre-selling and pre-leasing period
July 2008 to March 2009*
• Early Works (Services Infrastructure) November 2008 to March 2009*
• Financial Close March 2009*
• Close Caulfield Plaza
  March 2009*
• Main Works
  March 2009 to December 2011*
  
• Coles Supermarket and Food Market open June 2011*
• Student apartments complete
  December 2011*
• Education (Law Faculty Building) complete December 2011*
• Office buildings complete
  June 2012*
  * Target