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$100m development boost

By Adrian Petroulis

Riverstown developments plans to develop over 200 acres of Glanmire Park on Woods Road, creating upto 1000 residential lots, a retirement village and more commercial land along the Murray Valley Highway. The land had been in the Gorman family since 1973, and was sold by Ray White Land Sales via an off market campaign. “This development will set a benchmark for Yarrawonga, it’s a destination development”

Project manager and part owner Mark Russell said the development company which is made up of a consortium of sophisticated investors, including experienced land developers from Melbourne, is keen to have the project fully developed within 10 years.

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