Frasers Property Australia secures site for A$440m project

Singapore

FRASERS Property Australia has secured a 115 ha site in Wyndham Vale, Melbourne, Australia, for a A$440 million (S$467.9 million) mixed-used community project.

The site - at 974 Black Forest Road - is adjacent to a proposed rail station. The residential component covers 69.4 ha and will yield around 1,200 lots, with 8.3 ha allocated to education/community use, a further 8.3 ha for retail and 14.8 ha dedicated to mixed-use commercial/employment.