Stockland plan 5000 homes at Geelong district's Armstrong Creek
Stockland has enhanced its residential pipeline in Victoria with the purchase of 502-580 Boundary Road, Armstrong Creek for $43 million.
It is located in the Armstrong Creek Urban Growth Area, 10 kilometres south of the Geelong CBD, Victoria’s second largest city.
The 30.6 hectare site will see Stockland build around 500 homes in a new masterplanned community.
It marked a returned to the Greater Geelong area for Stockland which has over $2.7 billion invested in Victoria.
"This acquisition in Greater Geelong is a natural expansion of our significant portfolio of popular communities in Melbourne, which are home to more than 33,000 residents,” said Stockland’s general manager of residential for Victoria, Mike Davis.
Stockland will commence sales for Armstrong Creek and initial site works in early 2022.