"Sydney-based developer Ilya Melnikoff has followed through on his ambitions to acquire more trophy apartment sites in inner Melbourne, after his Luxcon Group snapped up the Beacon Cove Food Store site in Port Melbourne for $16.65 million.

The 1400sqm waterfront site at 103 Beach Street is across the road from Station Pier, Melbourne’s main cruise ship departure terminal. It was acquired from Melbourne developer V-Leader, which paid $11.2 million for it in 2017."

Source:
The Australian Financial Review
Larry Schlesinger
13/07/2021