MAJOR apartment developer Central Equity has purchased Crown Casino’s outgoing training college in City Road, Southbank.
 
The former ASX-listed developer, now commandeered by directors Eddie Kutner, Dennis Wilson and John Bourke, paid $13.5 million for the site this week.
 
The property includes two historic buildings between 141 and 155 City Road, and sits on 2,527 square metres of land. Sources expect the site to be redeveloped into at least two apartment towers, but this could not be confirmed with a Central Equity representative, who was unavailable for comment. CB Richard Ellis marketed the site.

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