SP AusNet to Reap $5 Million From Victorian Development Site Sales
ELECTRICITY transmission network owner and operator SP-AusNet can expect to make about $5 million from the sale of two Victorian properties, effectively development sites.
The first site, at 785 Thompsons Road in Lyndhurst in Melbourne’s outer south-east, measures 23.7 hectares and is opposite the Sandhurst Club Golf Course and Links Living residential estate. It’s expected to sell to a residential developer for about $4 million, according to sources.
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