Liberman family, TW Projects buy regional housing estate site
TW Projects backed by Monark Property Partners has snapped up a major housing estate site not far outside Melbourne’s urban growth boundary, at Warragul.
The 16 hectare parcel, 321 Copelands Road, is speculated to be costing about $19.5 million.
Endorsed for 178 low density housing plots and two super-plots – combined allowing for over 200 dwellings – the land sits about 550 metres from a proposed Coles.
It is also three kilometres for the city centre.
Stonebridge Property Group’s Lucas Gentile, Julian White and Chao Zhang were the agents.
The deal comes a month since we reported the Liberman family backed Monark, with Resolution Property Group, bought a 15.2ha site in Melbourne’s Greenvale with plans for a c300-lot subdivision.
TW backs Warragul again
Geelong-based TW Projects, led by Jack Townley and Albert Weddell, owns another Warragul block – 130 Dollarburn Rd, covering 16.4ha, is earmarked for c150 dwellings.
It also controls housing estate sites at Colac, Jan Juc and Nagambie, amongst many other regions.
Warragul is about 100 kilometres east of Melbourne’s CBD – but less than an hour drive to Dandenong, a major employment hub.
Last June, we reported HFH Group director Jonathan Hardwick paid $25m for the region’s ex-Victorian Livestock Exchange, covering 6.8ha.
Not long earlier meanwhile, Centuria acquired a tomato growing plant in the area from the Van den Goor family with a 20 year leaseback.
That outlay was c$100m.
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