13/10/2015 - 15:58

Satterley to develop Seven studio site

13/10/2015 - 15:58

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Satterley to develop Seven studio site
The old Channel Seven studio in Dianella. Photo: Channel Seven

Channel Seven's old studio site in Dianella will shortly be developed into a new land estate, with Satterley Property Group launching its Seven Hills subdivision today.

The television station left its long-time Dianella home to shift into Seven West Media partner The West Australian’s offices in Osborne Park in 2014, paving the way for the redevelopment of the land into a housing estate.

The first stage of the estate will comprise 83 lots, which will be released to the market in three tranches. Completion of the first stage is expected by June next year.

The developer did not disclose what blocks would be priced at, however the median land price in Dianella, according to the Real Estate Institute of WA, is $440,000.

Satterley Property Group is developing, selling and marketing the estate in collaboration with the landowner, Seven Group Holdings.

“Seven Hills will be a little pocket of luxury for buyers. With amenities close by and adjacent to bushland forever, the estate will boast the best of community lifestyle with a glimmer of city lights,” Satterley Property Group founder Nigel Satterley said.

“Buyers of all life stages will be attracted to this community where families have lived and loved for years.

“From those wanting to start a family, to those looking to downsize, Seven Hills is the perfect place to start.”

The development of the Channel Seven studios is the first of three estates expected to be built out of the old headquarters of Western Australian TV in Dianella.

Channel Nine is shifting its operations to the CBD, with a purpose-built studio at the top end of St Georges Terrace, designed by Cox Howlett & Bailey Woodland, scheduled to start construction in December this year.

The station’s land is owned by WIN Corporation, which is understood to be formulating plans for a residential estate.

Channel Ten is also planning a move out of Dianella, selling its land last year in a deal worth $11.9 million.

Channel Ten’s lease expires late next year, with the development plan on its plot to comprise a 76-apartment building and around 96 housing lots.

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