Developer doubles down in Wyndham Vale
Oreana Group has quietly acquired another major Wyndham Vale housing estate site.
The 29.6 hectare parcel, 160 Hobbs Road (shaded, image, top), is setting the developer back $31 million following a deal agreed five months ago.
The land neighbours a 20.8ha block, 290 Hobbs Rd, which the company bought last May for $13.8m.
The two farms abut the Werribee River.
Oreana, established in 1999 by brothers Steven and Tony Sass, holds a significant portfolio of Melbourne growth corridor housing estate and town centre sites; last April it outlaid a speculated $130m for a 125.3ha Donnybrook parcel, in the north.
Recently, the pair amalgamated three clifftop Sorrento properties for a compound – spending $61m from the family of of late property investor Stuart (otherwise known as Len) Carter.
Wyndham Vale is about 31 kilometres west of Melbourne’s CBD.
Also today we are reporting Oreana and Wolfdene purchased a Perth site for their maiden joint venture (story continues below).
Developer swoops on another farm
Both Oreana’s Wyndham Vale properties are affected by the Ballan Road Precinct Structure Plan, approved 10 years ago and amended in 2022.
A few hundred metres away, Avid is completing its Savana estate while Dacland is behind a project next to that, Wynbrook.
The Wydnham Vale train station and Manor Lakes Shopping Centre are about four kilometres away.
RPM’s Zaynoun Melhem and Tim Hyland marketed 160 (and 290) Hobbs Rd.
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