|
Monday, 15 February 2010 08:41 |
|
 SYDNEY-based developer Stockland has paid about $58 million for two major residential development sites in Melbourne’s outer north.
In the same week the company announced it would focus less on developing apartments, and more on providing low density housing, the group announced two separate land purchases, of 52.4 hectares, and 65 hectares, in Wollert, about 25 kilometres from town.
Stockland is expected to yield 1100 housing lots from the sites, giving it exposure to Melbourne’s burgeoning Epping growth corridor for some years.
|
|
Read more...
|
BILLIONARE businessman Solomon Lew is offloading a prominent CBD development site he has owned since the early 1980s.
IF the early weeks of 2010 are anything to go by, some major hotel sales should take place this year.