Satterley Pays $94 Million for Heron Park Development Site, Perth

DEVELOPER Satterley has paid $94 million for a 104 hectare residential development site in its home town of Perth.

The land is able to yield 1200 lots, and is located in the city’s south-east.

“At a time when a land shortage is looming, this is a very important big picture buy,” Satterley founder Nigel Satterley told the AFR.

The new estate abuts Satterley’s Heron Park estate.

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