– has “elected not to proceed with its purchase”, according to selling agency Forbes Global Properties.– who represents Opulus Hotels – said souring of the deal was largely down to local backlash over the proposed $70 million transformation of the beloved residence into an eco-resort set to include up to 50 private villas nestled in hills outside Daylesford, about an hour’s drive from Melbourne.
“We’ve taken views of the local residents into account, and they don’t want to develop a property without the support of the local community,” Mr Allerton toldMr Allerton says Mr Durie and Mr Bangay remain close friends, and hope to collaborate again in the future. Mr Bangay could not be reached for comment.
“It was a mutual arrangement, and Jamie is doing another development elsewhere, and they wanted to focus on that,” Mr Gibson said.Mr Gibson said there were multiple interested parties when Stonefields was first offered to market, and says some of those parties were “highly likely to re-engage when news of Stonefields’ potential availability reaches them”.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: GuardianAus - 🏆 1. / 98 Read more »