Best Odds with Top Tote+ and Bet Back Offers!
Register at Australia's #1 Online Bookmaker!
Back A Winner!
Sign-Up to Australia's Fastest Growing Online Bookmaker!
Back Yourself!
Sign-up and start betting with Ladbrokes in 2 minutes!
Best Of The Best Odds!
Bet With Palmerbet and get Paid Top Fluc or Top Tote!
*Conditions Apply. Excl VIC, NSW, SA & WA. Gamble Responsibly

Australia’s leading racing club, the Victoria Racing Club (VRC), and Greenland Holding Group Overseas Investment Company Limited (Greenland), a division of China’s leading property developer, have signed a Memorandum of Understanding (MoU) to prepare a Development Concept for two parcels of land adjoining Flemington racecourse in Melbourne.

The MoU requires both parties to devote resources to the preparation of a sales contract for approximately 10,500 sqm (1.05 ha) of land on Epsom Road and the approximately 30,174 sqm (3.01 ha) Hill Land Precinct.

It is envisaged that this negotiation process could take up to six months, during which applications for Planning Approval will be prepared.

VRC Chairman Michael Burn said the understanding reached with Greenland was in line with the Club’s Masterplan announced in 2010, which aimed to unlock the significant value in the two parcels of land to assist in funding racecourse improvements.

“This is an exciting opportunity for the VRC and Greenland to deliver a major project in one of Melbourne’s main growth corridors,” Mr Burn said.

“Flemington is committed to continuous improvement. It is an oasis in a big city, which showcases the best in horse racing, culture, world-class fashion, entertainment, hospitality and city living.

“It is located north-west of the CBD and within a corridor experiencing significant population growth. The immediate proximity of existing public transport and Flemington’s recreational facilities will ensure the two properties will occupy a premium market position.”

The managing director of Greenland, Mr Sherwood Luo, said his company had identified the land for its first development in Melbourne and had decided to negotiate directly with the VRC, following the announcement of its Masterplan.

“Greenland has already announced its first Australian project in Sydney, and if successful in our negotiations with the VRC, this could be our first in Melbourne.

“The location of the parcels of land, close to Melbourne’s CBD in such a lively suburb as Flemington makes the area ideal for a development that will contribute considerably to the community and to the precinct,” Mr Luo said.

During the negotiations, reviews will include analysis of impacts on cultural heritage, transport and flora and fauna. Any sale will be subject to approval from the Foreign Investment Review Board.

VRC Chairman Michael Burn said that the MoU clearly outlined that the VRC retained the right to approve draft versions of the Development Concept before planning approvals were sought from government authorities.

“The document states the concept must be of suitable quality and design to complement and respect the Flemington Racecourse precinct,” Mr Burn said.

*Existing customers only. 2nd Racing bet. Excl SA & WA. T’s & C’s apply. Gamble responsibly.
Featured News

Free Racing Bonus Bets and Offers

We take a look at the BIGGEST and BEST Free Daily Racing Offers and Betting Promotions from Australia’s leading online...

Caulfield Guineas winner retired to stud

The racing days of the smart 3YO OLE KIRK (Written Tycoon – Naturale) are over. The dual Gr 1 winner...

All Star Mile Field – 2021

View the final field for the 2021 All Star Mile. The All Star Mile will be run on Saturday 13th...

Adelaide Cup Field – 2021

View the final field and barriers for the 2021 Adelaide Cup. The Adelaide Cup will be run on Monday 8th...

Watch 📺 Jockeys fight after in race incident

I am surprised we don’t see more alterations in racing, but yesterday at Gulfstream Park in the United States, we...

Mystic Journey injured, requires surgery

Star Tasmanian mare and inaugural All Star Mile winner Mystic Journey will miss the remainder of the Autumn carnival after...

Surround Stakes results and replay – 2021

View the results and replay for the 2021 Surround Stakes. The Surround Stakes was raced at Randwick racecourse on 27/2/2021....

All Star Mile

The is a Special Conditions race for middle distance horses and is raced at WFA conditions during the Autumn Racing...

Golden Slipper

The Golden Slipper is one of the biggest and most prestigious horse races in Australia. Taking place each April at...

Adelaide Cup

The is a race held at and is one of the most popular races held in South Australia each year....

Australian Bookmaker Reviews

Which bookmaker should you bet with? We Review each of the leading online Australian Bookmakers and rate them in order...

Copyright © 2021 Just Horse Racing.
All rights reserved - Privacy Policy

Gamble Responsibly 18+
*State exclusions apply to some offers. Please check T&Cs of each offer with the bookmaker. All Offers Exclude NSW residents.
18+ Don't let the game play you. Stay in control. Gamble responsibly. Think! About your choices. Call Gambling Help on 1800 858 858 or visit or