Developer buys $40m growth corridor block
Ausbuild is the latest developer to buy a Logan growth corridor block.
The local outfit has outlaid $40 million off-market for 13.9 hectares at Chambers Flat.
An amalgamation of 293-307, 321-333 and 333-343 Holloway Road and 75-83 and 85-97 Andrews Court, a 141 lot subdivision is permitted.
The result prices each lot at $283,673 – a local record, according to JLL’s Liam Petersen and Jake Burrowes, who brokered the deal off-market for Avon Capital Estates.
Chambers Flat is about 40 kilometres north of Brisbane’s CBD.
The deal comes a month since we reported CMFG Capital sold Urbex a 15.75ha housing estate site at Park Ridge, also in the Logan municipality and growth corridor, but about eight kilometres closer to town, for $38m.
Permit-ready a 225-lot subdivision, that result priced approved lots at $168,888.
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