Moonee Valley Racecourse Redevelopment
Moonee Valley Racecourse | Moonee Ponds | Current
Multi-Stage | Medium & High-Density Residential | Mixed Use
In late 2017, Hamton formed a joint venture with leading superannuation fund Hostplus, for the purpose of delivering a $2billion redevelopment of the Moonee Valley Racecourse in partnership with the Mooney Valley Racing Club (MVRC), into an integrated urban lifestyle precinct, at the heart of which lies one of the world’s greatest night racing venues.
The joint venture was appointed by MVRC after a 12-month competitive selection process and will preside over redevelopment of approximately 9Ha of the MVRC’s 40ha site. It will also enable the MVRC to invest in construction of its new grandstand and racetrack.
The proposed masterplan is being formulated and will continue to be refined over the course of 2018, with the process including engagement with key stakeholders and the community, to understand more about local priorities for Moonee Ponds.
For further details visit www.thevalleytomorrow.com.au
Land Owner: Moonee Valley Racing Club
Primary Capital Partner: Hostplus Superannuation Fund
Hostplus Investment Manager: ISPT
“The scale and ambition of this project is unparalleled. The Club has appointed Australia’s leading superannuation fund Hostplus and highly respected property developer Hamton as joint-venture partners, following a comprehensive and highly competitive selection process, both have demonstrated strong track records as development partners spanning more than a decade.” November 2017