Makris Group

Wednesday, August 05

Above-value purchase of Le Cornu site a “good deal” for public, Haese insists

Lord Mayor Martin Haese has confirmed ratepayers and taxpayers paid several million dollars above market valuations for the old Le Cornu site but insists the sale was a good deal for the public.

REVEALED: Le Cornu site sale price millions above valuations

EXCLUSIVE | Developer Con Makris will be paid several million dollars above market price for the old Le Cornu site and taxpayers will cover most of the difference, InDaily can reveal.

The prominent former Le Cornu site has been vacant for almost 25 years. Photo: Tony Lewis / InDaily

Le Cornu site project to generate 1000 jobs, lift real estate values: modelling

Developing the long-vacant former Le Cornu site would create almost 1000 full-time jobs and generate more than $300 million in economic activity, according to previously secret modelling commissioned by the Adelaide City Council.

City Council buys long-vacant Le Cornu site

The city council has bought the former Le Cornu site with the help of a $10 million grant from taxpayers, promising to end almost 25 years of stagnation on Adelaide’s most infamous vacant plot.

"There's nothing anyone can do" about Le Cornu site

It may be an emblem of Adelaide’s “lack of progress”, but the latest development failure on the old Le Cornu site is unlikely to prompt new action from state or local government.

Back to the drawing board for Le Cornu site as Makris withdraws $200m project

The developer that owns Adelaide’s most infamous vacant plot – the old Le Cornu site in O’Connell Street – has abandoned plans to build a $200 million complex there.