Egg farm on Melbourne’s outskirts sold to Japanese telco for $45m

According to The Australian Financial Review, Japanese telco giant Nippon Telegraph and Telephone Corp has struck the first significant housing site deal in Melbourne this year after agreeing to pay about $45 million for a former egg farm in South Morang.
It is the fourth major land deal struck by NTT in Melbourne, after it acquired a large site on Donnybrook Road in Melbourne’s north for more than $100 million in July 2021 to add to two sites acquired in 2020.

https://www.afr.com/property/commercial/egg-farm-on-melbourne-s-outskirts-sold-to-japanese-telco-for-45m-20230331-p5cx5o