VICTORIAN based development firm, Charles Lloyd Property Group has put half its existing property portfolio across Metropolitan Melbourne on the market.
The group is offering five projects, residential 1 zoned projects valued in the range of $50 – 60million.
The portfolio of development projects comprises some fully permitted development sites in Melbourne’s most sought after, up and coming areas including South Morang, Mernda, Lyndbrook, Deer Park and Mill Park.
Charles Lloyd’s managing director Frank Bevacqua said the group is turning its attention to bringing affordable housing solutions to the market over the coming years, capitalising on what we have while the market is rising.
“We are planning to complete our existing projects in Mt Waverly, Cranbourne and Somerville and will retain land parcels in Melton, Doreen and
“The sites we are offloading are prime sites with some fully permitted making them a nice little package of land development holdings suitable to a variety of potential buyers.
“The portfolio includes medium sized developments from in excess of 280 allotments with the smallest parcel comprising 90 allotments,” he added.
Kelemen Commercial have been appointed to conduct the sale with Rudy Kelemen & Andrew Egan handling enquiry with the offer closing on September 27 2007.
Australian Property Journal
