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Dahua Group buying Wollert's Kilarnie Farm for more than $70m

People & Companies / Latest News

Australia

Nov 17 2017

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Marc Pallisco, The Sydney Morning Herald

Chinese developer Dahua Group is making another major Melbourne land acquisition, snapping up a 56.4 hectare farm in Wollert for a speculated price of more than $70 million.

The deal reflects an enormous capital gain for the vendor, local developer Greencor, which paid a reported $26 million in 2012, around the time agents considered the "low" in this city's residential property cycle.

Go to The Sydney Morning Herald and read the full story.

SOURCE: The Sydney Morning Herald

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