Mirvac expands at Clyde North

Also today we are reporting Dahua Australia is spending $100m on a Clyde North site.

Mirvac is understood to be paying c$70 million for a low-density housing site at Clyde North.

The 30 hectare irregular shaped parcel, 105 Smiths Lane, came permit-ready for a 299-lot subdivision.

Mirvac is paying c$70m for 105 Smiths Lane (outlined).

The land is opposite a Mirvac community – Smiths Lane which is taking shape on 240ha.

Colliers’ Trent Hobart, Michael Gardiner, Mark Burgio and John Marasco were the agents.

Developers moving in

A couple of kilometres away from the Mirvac sites, Dahua Australia is speculated to be paying $100m for a 41ha housing block, 75 McCormacks Road, which has the potential to yield c737 lots.

Last September Stockland acquired a 130.7ha Clyde North parcel – next door to its Edgebrook estate – for c180m (story continues below).

Not long earlier, Frasers Property Australia negotiated a partnership with the land owner to redevelop a 116.3ha dairy farm in the area with c1600 dwellings and a town centre.

Two years ago, Goldfields spent c$105m on a 71ha residential development site at 275 and 285 Patterson Rd, in the suburb.

That parcel has the potential to be subdivided into c1000 lots.

Clyde North is about 46kms south east of Melbourne.

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Marc Pallisco

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