Central Equity Pays About $24 Million For Point Cook Site

Central Equity is already marketing the Featherbrook estate in Point Cook, not far from its latest acquisition.

Featherbrook includes a commercial component with bistro, a TAB, gaming room, and 250-seat multi-purpose room.

A Central Equity representative was unavailable when contacted by Capital Gain. Kelemen Commercial’s Andrew Egan and Rudy Kelemen, who marketed the site, declined to comment on any part of a deal.

Other prominent developers in Point Cook include AMP, Costa Properties, Peet & Co, Villawood and Walker Corporation.

Last week, FKP released the first land titles for its $600 million Saltwater Coast housing estate, at the eastern most boundary of the suburb, abutting Port Phillip.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.