Mollard Property Group (MPG) was engaged by a fast-growing company whose leadership team sought to transition from leased premises into a permanent, strategically located headquarters that would not only support their current business needs but also provide long-term capital growth.

Following a comprehensive brief, MPG conducted a targeted property search across Melbourne’s inner suburbs to identify a site with immediate usability and strong value-add potential. The acquisition of Ingles Street, South Melbourne, proved to be the perfect match—meeting the Client’s current requirements and unlocking significant development opportunity.

MPG led a detailed feasibility study comparing the cost-benefit of a new build versus conversion of an existing structure. Ultimately, the selected site—a heritage-listed industrial building—offered an ideal balance of character, location, and flexibility for future expansion.

Situated just minutes from the CBD, the property was ideally positioned within a tightly held precinct, and MPG successfully secured the acquisition at a pivotal moment—just prior to the government’s rezoning of the area from industrial to commercial, significantly enhancing the site’s development capacity.

This strategic timing enabled the transformation of the original 1,250 sqm industrial site into a 4,000 sqm commercial office building, maximising both short-term functionality and long-term investment value.

Working within complex heritage parameters, MPG coordinated the project design team, managed the planning process, and secured a planning permit for the adaptive reuse and development of the site.

Key Highlights

• Strategic Acquisition: Identified and secured a prime heritage-listed property aligned with the Client’s operational and investment goals
• Rezoning Uplift: Leveraged government rezoning to transition the site from 1,250 sqm industrial use to a 4,000 sqm commercial office development
• Location Advantage: Inner-city position just a few kilometres from the Melbourne CBD
• Value Maximisation: Delivered a solution that balanced current usability with significant potential for future capital growth
• Planning Success: Navigated heritage constraints to secure planning approval for commercial office conversion

This project exemplifies MPG’s capability in strategic site acquisition and commercial development, delivering tailored property solutions and lasting investment value.

Services Provided

• Strategic Property Search & Acquisition
• Feasibility & Development Analysis
• Centre Design Coordination
• Development Management
• Planning Permit Management