THE PROPERTY DEVELOPMENT REVIEW
Oreana is pursuing an expansion strategy recently acquiring more sites in Morayfield in Queensland and North Ellenbrook in Western Australia. “We’re excited to continue expanding our portfolio with upcoming developments including future neighbour- hood shopping centres in Mickleham, Clyde and Wollert,” Oreana managing director Tony Sass said.
An aerial view of the Kallo Town Centre at Kalkallo in northern Melbourne.
Tony founded Oreana with brother Steven. The pair hit the headlines in October of last year when it was revealed they had paid $61 million for three adjoining clifftop mansions for a family compound at blue- ribbon Sorrento on Victoria’s Mornington Peninsula.. Tony Sass said growth corridors were key areas Oreana was exploring. “Neighbourhood shopping centres have shown remarkable resilience and growth in demand post- Covid, and Kallo Town Centre’s strategic location in Melbourne’s growth corridor makes it an excellent investment,” Sass said. The company has begun work on several retail projects already this year. These include the $18-million Farm Gate Local shopping centre at Clyde, the $75-million Botanic Village town centre at Mickleham and the $32-million Linfield Place shopping centre, Wollert, all in Victoria. Oreana has a focus on several asset classes beyond retail including residential, commercial and education projects.
February / March 2025 – 13
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