Wednesday, 4 May 2011

Blacktown. Undisclosed sum for site

Australand has expanded its residential development business after it secured the 38-hectare former Ashlar Golf Course, in Blacktown, for an undisclosed sum. The site will be redeveloped into a master-planned housing community close to the Blacktown city centre. The golf course is being relocated to new premises at the Stonecutters Ridge Golf Course in the first half of next year. Australand's executive general manager, Rod Fehring, said the latest deal was consistent with the group's focus to increase its residential presence in NSW. Subject to approvals, the development was expected to yield up to 700 dwellings with ''a variety of high quality housing solutions and associated amenity''.

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