Luke Saraceni Seeks to Get Busselton Project Moving, WA

PERTH-based property developer Luke Saracini is looking for new financial backer to help get a 900-unit mixed use redevelopment in the Busselton area moving.

The Vasse Newtown project (aerial, right) has been largely on hold, because Mr Saraceni told the AFR, he “couldn’t agree on a price” with another local investor the Perron Group.

Mr Saraceni owns 49 per cent of the project while a syndicate of largely wealthy West Australian families owns the balance.

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