PACIFIC BRANDS has offloaded a prominent development site it planned to owner occupier in Melbourne’s north.

The 222 Plenty Road site, at the busy corner of the Metropolitan Ring Road, in Bundoora, is believed to have sold to another owner-occupier for about $3 million, or about $365 per square metre of land.

Colliers International’s David Butera did the deal but declined to comment on any part, when contacted by Capital Gain.

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