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Little spends $19.1 million on mixed-use project

Property Markets / Planning, Zoning, Infrastructure

Apr 15 2018

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Real estate developer Paul Little has paid $19.1 million via his business Little Projects, for a 28 hectare site in Melbourne’s Cranbourne West, in partnership with development and advisory firm Pomeroy Pacific. 

Currently zoned for residential, commercial and industrial use, the site at the corner of Central Parkway and Paramount Boulevard is intended for a mixed-use development. 

Mr Little previously told The Australian Financial Review that Little Projects had moved away from multi-unit residential work and would start construction on hotel and student accomodation projects. 

Joint venture partner, Mark Pomeroy, CEO of Pomeroy Pacific, said the project would move at lightning speed with settlement of the land purchase to occur at the end of June 2018.

Mr Pomeroy said Pomeroy Pacific was expanding its traditional role as property advisors and investing its capital into commercial property development with joint venture partners.

Photo: AFR



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