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Growland sells Tarneit infill to Charles Lloyd PG

By Adrian Petroulis

Chinese back developer Growland have offloaded their 4.8Ha infill in Tarneit to local developer Charles Lloyd Property Group.

The development site, located on Tarneit Road has a permit in place for 66 lots and a medium density lot.

The deal was brokered between the two developers by Ray White Land Sales.

Growland, founded in 2013 by architect Stephen Yau and entrepreneur Bruce Chan and with a $1.3 billion pipeline of projects, paid a steep $1.5 million a hectare for the 62-hectare site at 1030 Dohertys Road, Tarneit – about 28 kilometres west of the Melbourne CBD.

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