Babcock & Brown Residential Land Partners has settled on the acquisition of a 30% interest in BMD Holdings / Urbex.
BLP’s acquisition of a 30% economic interest in BMD Holdings / Urbex’s development rights over the Kalynda Chase Estate project and 75% economic interest in Ascot Chase will be settled today.
“BLP will provide investors the opportunity to access projects by private developers who bring significant experience having operated in the Australian property market across a number of cycles. All of the initial development partners have established management infrastructure in place and expertise in managing the risks associated with residential property development,” BLP’s chairman Michael Maxwell said.
By Kathryn O’Meara
