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.
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 … Read more
One of Frankston South’s last remaining acreages set on 5.28ha at 86-88 Stotts Lane recently set a new suburb price record of $9.75 million. The allotment, which has residential zoning, is expected to be developed into housing blocks by the new owners, Pask Group. That property was listed in March last year … Read more