Chinese developer Dahua Group reweighting its Melbourne portfolio

Chinese developer Dahua Group is reweighting its Melbourne portfolio.

Last week Dahua Group announced the purchase of two plots covering 113 hectares in Wollert, about 27 kilometres north of Melbourne.

Agents speculate based on the local land value of about $1.3 million per hectare, costing around $140 million.

It is now offering three subdivided portions of the King's Leigh housing estate it co-owns with the Dacland Group in Werribee, targeting medium-density builders.

The sites are between 1226 square metres and 4010 square metres listed through Cushman & Wakefield's Peter Sagar and Paul Callanan.

King's Leigh (top and above), is a 49 hectare Old Geelong Road subdividion turning into an upmarket housing estate over the next three years.