FCL's Aussie unit buys 135ha site in Queensland
Singapore
REAL estate developer Frasers Centrepoint Ltd's (FCL) Australian unit has bought a 135 hectare site in south-east Queensland that has an "end value of S$270 million", the group said in a Singapore Exchange filing on Thursday.
Frasers Property Australia acquired the site at Bahrs Scrub, halfway between Brisbane and the Gold Coast, from Australian property group Stockland with planning approval and an infrastructure agreement in place for the core land, FCL said. The masterplan provides for 1,350 detached housing lots.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Luxury private home rents jump in Q1 amid wider market slump: Huttons Asia
Evictions surge in Arizona with housing shortage and rising prices
China property shares firm after Politburo highlights clearing inventory
Dubai billionaire’s children plan to revive troubled world islands
UK commercial real estate lending plunges to lowest in a decade
Hybrid, flexible working set to curb Singapore office usage and rents