Stockland announce new development in Perth’s north
Australia’s largest residential developer, Stockland HAS announced the acquisition of a new development site 4.5 kilometres north of the Perth CBD, adding 100 terrace homes to its Perth pipeline.
The 2.84 hectare site at Glendalough is Stockland’s first standalone acquisition for medium density development in Perth.
Subject to approvals, IT will create 100 architecturally-designed terrace homes in a high quality, liveable and walkable community setting, featuring 2,500 square metres of parklands, including large mature trees, just 600 metres from Glendalough train station.
Ben Cantwell, General Manager, Medium Density and Retirement Living at Stockland, said the location just north of the Perth CBD, within walking distance to a rail station which is only two stops to the city, and in close proximity to Lake Monger, local schools, shops and the vibrant Subiaco and Leederville entertainment precincts.
Col Dutton, General Manager of Stockland WA, said the latest purchase follows its $91 million acquisition of more than 4,600 residential land lots over three sites last year.
"This site is an important opportunity to help deliver on the ‘missing middle’ in Perth’s inner suburbs, increasing choice for home-buyers through well-designed terrace homes, close to everything the city has to offer," Dutton said.
Stockland purchased the Glendalough site from a private vendor for $17.9 million, subject to a leaseback agreement with the current aged care operators on site until completion of their new aged care facility on land immediately to the north.
Located adjacent the Mitchell Freeway, the site is in close proximity to Lake Monger Primary School.
