Land developer Peet & Company has raised $20 million for the Peet Cranbourne Central Syndicate.
Proceeds from the capital raising will be use to develop a 64hectare of residential land in Melbourne’s rapidly growing south-east in Cranbourne.
The Peet Cranbourne Central Syndicate Limited is the 15th land syndication offered by the company since 1997 – all of which have been extremely popular with investors, closing quickly and frequently oversubscribed.
The latest syndicate was taken up by investors in record time – just five working days.
By Kathryn O’Meara
