A company headed by former Premier League Fraser Brown player has splashed a sum of nine figures in a development site in Southeast of Melbourne.
It is believed that the purchase of Brown Property Group of 68.77ha Clyde North Land has established a new record for Victorian residential development sites, with industry sources that put the sale price at approximately $ 250 million.
More than 1290 houses could be built in the 200 Tuckers RD direction in the future, subject to the planning approach of the city of Casey.
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The property was sold by a family that has cultivated the area for six generations.
The Lawd Commercial Real Estate Agency Senior Director Peter Sagar, which lists together with Colega Paul Callanan, said they received more than 20 positions for the site, totaling a total of $ 4 billion in capital.
Most of the interested parties were large notes developers, including multiple Chinese developers based in Australia.
Sagar declined to comment on the sale price, but said that the developers based in Perth and Queensland had flown to inspect the land package and meet the owners.
The final sales agreement was equivalent to approximately $ 4.2 million per hectare for the 60ha Net developed area of 60ha.
“I can’t think of a single side of residential development that is sold for that amount for a long time, in Victoria,” said Sagar.
Brown Property Group bought the Cranbourne Golf Club, 12 km from the RD Tuckers site, for a reported $ 190 million 12 months ago.
The company’s director, Fraser Brown, played in Carlton’s great team in 1995 and won
The best and fairer club award three years later. He retired from football in 2000.
The Property of Tuckers RD is within the structure plan of the Creek Clyde enclosure, a document that describes the future development of the Government’s term Victorian for the broader area.
Sagar is expected to also manage the sales campaign for a 36.39HA block at Diggers Rest will be sold for $ 90 million of $ 100 million, according to industry experts.
A permit has been approved to develop a retirement village in the place, 13-15 Diggers Rest-Coimadai RD.
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