Satterley Property Group acquire Mickleham development site

Developer Slatterley Property Group has purchased 214 hectares of land in Victoria's Mickleham to develop some 2,300 residential lots.

More than 1,600 lots are slated to be sold in FY16.

Founder Nigel Slatterley said the Mickleham project is Satterley’s fourth residential estate in Melbourne’s northern suburbs.

"It joins Riverstone in Doreen and Coburg Hill in Coburg North, both of which are close to trading out. True North (formally Arena) in Greenvale has been selling strongly since it was acquired from Peet Limited in 2015," he said.

“Adding two new projects in the strategic Hume growth corridor has refreshed the development pipeline for Satterley in the north, which puts the business in a strong position for future growth."