Keilor

EVOLVE Development, the construction company part controlled by former Fairfax chairman Ron Walker, has paid a speculated $4.5 million for a 1.6 hectare estate in an elevated pocket of Keilor, 17 kilometres north-west of town.

The former family owned homestead which stretches from Faye Crescent to Green Gully Road, has been subdivided into 14 lots ranging in size from 874 square metres to 1665 square metres. They are expected to sell for an average price of $900,000.

A new street – Lindsay Place – has been developed off Faye Crescent as part of Evolve’s subdivision, branded The Orchard.