Commercial and residential property news
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.
Read moreTHE West Australian government has named Delfin Lend Lease as the preferred developer for the first stage of the 710 hectare Alkimos Community development, 40 kilometres north of Perth.
Alkimos will be Delfin Lend Lease’s first major project in WA, despite establishing in the state two years ago.
Perth based Satterley Property Group and Mirvac were also shortlisted to buy the site, the AFR reports.
THE director of Australia’s largest, independent, residential land developer – Nigel Satterley – has been appointed by the Property Councl of Australia to head the divisions Residential Development Council.
PCA executive director Caryn Kakas said in a statement “Nigel has made a significant contribution to the RDC board since he joined the membership, and I congratulate him on his appointment as chairman.”
“The RDC plays a critical role in advancing the understanding of issues surrounding the efficient and sustainable delivery of housing options for Australians by promoting public policy solutions to the challenges which threaten to undermine housing affordability.
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