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Revamped village gets a new owner

The Village Bacchus Marsh shopping centre has been sold to Australian company DeGroup for $61 million.

The Village was recently put up for sale following a major refurbishment.

The single-level, 16,000-square-metre centre was sold by Abacus Property Group, which bought it in July, 2013.

It has more than 60 businesses, including Coles, Aldi, Target, Kaisercraft, The Reject Shop, Anytime Fitness, Nova Pharmacy and The Elms Medical
Centre.

DeGroup chairman Colin DeLutis, a former Carlton Football Club vice-president, said he was looking forward to connecting with the local community.

“We’re going to give locals a clean, safe and convenient place where they can grab their everyday essentials and catch up with friends and family without having to travel all the way to Melton,” he
said.

Mr DeLutis purchased Sanctuary Lakes Shopping Centre in Point Cook in 2016 and later bought Somerville Central shopping centre on the Mornington Peninsula.

Settlement on the 4.39-hectare central township site at Bacchus Marsh is scheduled for the end of July.

 

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