Merrylands. Shopping centre opening

The grand opening of the $400 million, five-stage Stockland Merrylands is expected in the third quarter 2012. The 50,000-square-metre shopping centre will include major retailers, over 200 specialty stores and 3000 car spaces.

Leppington. Stockland buys site

Stockland has secured the right to progressively acquire 339 hectares of land, at East Leppington. The site, which is expected to deliver approximately 3000 new homes and retail centre, is 1.5 kilometres from the proposed Leppington railway station, part of the South West Rail Link. Stockland CEO residential, Mark Hunter, said: “East Leppington will be a new master planned community, which delivers on Stockland’s commitment to provide sustainable and affordable places to live. The financial details of the transaction remain confidential. The vendors were private landowners, Joe Stambe and Vince Lopresti.

Pemulwuy. Site sold for $5.86 million

Meow Investments Pty Ltd has sold at auction a residential development site, in Stockland’s Lakewood Estate Development, at Pemulwuy, to a private investor for $5.86 million. Jones Lang LaSalle’s Jeff Moxham and Leslie Cheng facilitated the sale.