Lloyds Business Brokers is pleased to announce the sale of Davis Glass to Private Investment partners.
Davis Glass is one of the oldest independent glass wholesalers in Victoria. Established in 1935 by George Davis and later his son Ian, before the present owner purchased the business in 1987. As one of Australian’s oldest independent glass wholesalers in operation the company has become well known for its reliable supply of expansive range of glass products and its cost-effective production processes and distribution networks. Davis Glass imports float and laminated glass which is cut to size and edged for both domestic and commercial use, and specialises in the importation and distribution of glass commonly used in domestic and commercial glazing.
The Sale of the business was conducted by our Victorian Director, using Lloyds Tender Process in conjunction with the application of Lloyds Target Marketing, produced some spirited offers which resulted in a highly successful Sale.
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The rate at which new housing and commercial office projects can be built is determined by many factors. These include the capacity of the development to meet market demand, as well as what infrastructure can be funded to support those new dwellings.
As part of the Victorian Government’s strategy for establishing more homes, over $57 million of initiatives and planning reforms have been announced. This will stimulate the planning and construction of new dwellings, all of which will require glass from Melbourne glass suppliers. This is good news for glass suppliers and manufacturers of other construction materials.
For more advice on what this means for your Melbourne business, contact our Melbourne Business Brokers.
Helping housing supply to meet the current over-demand, the Victorian government has approved 50,000 extra new houses to be built each year, including 100,000 extra house lots in Melbourne’s growth corridors for new homes. This is accompanies by new incentives and opportunities for land developers in the inner and middle suburbs.
To help speed up local government planning decisions, over $20 million of funding has been provided to councils in order to fast track verdicts from local council planners. Through the “Smart Planning program”, over $25 million has been provided to simplify Melbourne’s civil construction planning system. It is the goal of the Victorian government to jump start the housing supply and streamline the process to achieve reduced planning costs, reduced timeframes and to remove uncertainty for developers, so that housing supply can keep up with demand.