Capital Gain: Chinese developers pay $50m for Hawthorn East supersite

By Marc Pallisco
Updated August 7 2015 - 10:13pm, first published 9:30pm
180 St Kilda Road. Photo: Supplied
180 St Kilda Road. Photo: Supplied
Melbourne's wealthy DeFazio family has paid $8.3 million for properties in Brunswick. Photo: Supplied
Melbourne's wealthy DeFazio family has paid $8.3 million for properties in Brunswick. Photo: Supplied
The Jam Factory in South Yarra. Photo: PENNY STEPHENS
The Jam Factory in South Yarra. Photo: PENNY STEPHENS
180 St Kilda Road. Photo: Supplied
180 St Kilda Road. Photo: Supplied
Melbourne's wealthy DeFazio family has paid $8.3 million for properties in Brunswick. Photo: Supplied
Melbourne's wealthy DeFazio family has paid $8.3 million for properties in Brunswick. Photo: Supplied
The Jam Factory in South Yarra. Photo: PENNY STEPHENS
The Jam Factory in South Yarra. Photo: PENNY STEPHENS
180 St Kilda Road. Photo: Supplied
180 St Kilda Road. Photo: Supplied
Melbourne's wealthy DeFazio family has paid $8.3 million for properties in Brunswick. Photo: Supplied
Melbourne's wealthy DeFazio family has paid $8.3 million for properties in Brunswick. Photo: Supplied
The Jam Factory in South Yarra. Photo: PENNY STEPHENS
The Jam Factory in South Yarra. Photo: PENNY STEPHENS
180 St Kilda Road. Photo: Supplied
180 St Kilda Road. Photo: Supplied
Melbourne's wealthy DeFazio family has paid $8.3 million for properties in Brunswick. Photo: Supplied
Melbourne's wealthy DeFazio family has paid $8.3 million for properties in Brunswick. Photo: Supplied
The Jam Factory in South Yarra. Photo: PENNY STEPHENS
The Jam Factory in South Yarra. Photo: PENNY STEPHENS

A consortium which includes two of Melbourne's wealthiest establishment families has flipped a major Hawthorn East development site in a speculated $50 million deal.

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