ID_Land buys Armstrong Creek, Gisborne sites

ID_Land is paying c$100m for 266 hectare Gisborne site.

ID_Land has snapped up two more housing estate sites.

In the biggest deal, the group is paying $100 million for a 266 hectare parcel in Gisborne.

About a third (85.91ha) – 189 Ross Watt Road or Lot A – is zoned for low-density residential; it has the potential to make way for 700 dwellings.

The balance – facing Lawson Rd, Black Forest Drive and Allison Lane – is rural conservation.

Biggin & Scott Land’s Frank Nagle, Andrew Egan and Callum Williamson were the agents.

Elsewhere in the suburb, ID_Land is marketing a housing estate, Willow, on a 76ha site acquired for $61.1m in 2018.

Armstrong Creek

In a second deal, ID_Land has purchased a residential development site at Armstrong Creek, south of Geelong.

On Barwon Heads Rd, the property is an amalgamation of lots (story continues below).

The developer said it intends to create a village, Haymont, with c400 dwellings, worth over $100m upon completion.

ID_Land now owns four land parcels in the area.

Title Capital

The Armstrong Creek acquisition is the second sealed by Title Capital – a new ID_Land private funds manager.

The outfit will allow wholesale investors and family offices to co-invest in residential developments.

It will be managed by company directors Matthew Belford and Jeff Garvey.

Title Capital, Shape Homes and ID_Land will now sit under the newly created ID_Corp group of companies, a statement said.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of