Wyndham Vale sheep farm to be home to over 3,300 after Frasers' $95 million purchase

Wyndham Vale sheep farm to be home to over 3,300 after Frasers' $95 million purchase
Wyndham Vale sheep farm to be home to over 3,300 after Frasers' $95 million purchase

Frasers Property Australia has secured a major land parcel in Wyndham Vale for a $440 million mixed-used community that will deliver around 1,200 residential lots and associated amenity, including over 20,000 sqm of retail facilities focused on local needs.

The 115 hectare sheep farm site at 974 Black Forest Road in Wyndham Vale, in Melbourne’s West, is adjacent to a proposed train station, enabling Frasers Property to integrate the mixed-use community with transport infrastructure to provide convenience and connectivity.

Anthony Boyd, Executive General Manager - Residential, Frasers Property Australia says more than 3,300 people will call it home over the next eight years.

The Residential component covers 69.4 hectares and will yield around 1,200 lots, with 8.3 hectares allocated to Education / Community use, a further 8.3 hectares for Retail and 14.8 hectares dedicated to Mixed-Use Commercial / Employment.

Frasers Property acquired the Wyndham Vale site for an undisclosed sum through Savills agents Julian Heatherich and Clinton Baxter.

But morning paper reports put it at $95 million.

The underbidders were believed to include local developer MAB Corporation, the Chinese giant Country Gardens and another Chinese player New Sky Group.

Tags: 
New Developments Fraser Property

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