Footballer turned developer drops $250m for kale farm
Footballer turned developer Fraser Brown has snapped up a major farm quickly being encroached upon by housing estates, in Melbourne’s outer south east.
The executive’s Brown Property Group is paying the Corrigan family c$250 million for 200 Tuckers Road, Clyde North.
About 1290 dwellings are expected for the 68.77 hectare parcel, of which 59ha is developable.
Ownership will be taken over in stages allowing occupier, Corrigan Produce Farms, to relocate.
The property also houses the group’s headquarters and division, I Love Kale.
About 46 kilometres south east of Melbourne, Clyde North falls within Casey, the country’s third fastest growing municipality after Wyndham, in the city’s west, and Blacktown, Sydney.
Also today we are reporting BPG has listed for sale a swank new Hawthorn office.
Fraser Brown backs booming south east again
The Corrigan deal comes four years since Mr Brown paid $230m for the ex-Di Rienzo Fresh Produce farm at 30 Tuckers Rd, also known as 1755 Ballarto Rd, in Clyde.
Covering 115.6ha, it is now making way for a c2300-lot housing estate, Riverfield.
Elsewhere in the pocket, the group is behind communities Highgrove and Meridien.
It has also completed a business park, Summit, a few kilometres north of the Corrigan parcel.
Last year we reported BPG outlaid $190m for the 70.4ha outgoing Cranbourne Golf Club at 750 Glasscocks Rd, Cranbourne North, expected to yield over 1500 lots.
In 2015, the group picked up the nearby ex-Amstel Golf Club, which has since made way for the Canopy housing estate.
LAWD’s Peter Sagar and Paul Callanan marketed 200 Tuckers Rd, also facing Pattersons Rd.
Coincidentally the pair sold Mr Brown 750 Glasscocks Rd too.
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