Clyde North, south east of Melbourne CBD, is set to receive a $128 million make-over in a bid to transform the area into an enviable master-planned community precinct.
Australia’s largest property group,
Stockland, recently acquired 65 hectares of Clyde North zoned residential area and intend to build 800 homes in the development over the next six years.
Located along 120-130 Tuckers Road, the Clyde North development is just one of three residential projects underway for Stockland in the greater Melbourne area.
Managing Director and CEO at Stockland, Mr Mark Steinert, said: “Our portfolio is already well weighted in the northern and western metropolitan corridors of Melbourne, with our respective projects Cloverton at Kalkallo and The Grove at Tarneit. Restocking our residential development pipeline in the south east ensures we have all bases covered on all major residential development fronts around Melbourne.”
The Clyde North development is also considered by Stockland as an extension of their Casey Corridor development.
Mike Davis, General Manager Residential Development, Victoria, at Stockland, said: “Our land acquisition at Clyde North will enable Stockland to maintain our market-leading position in the Casey corridor, following the anticipated completion of our nearby Selandra Rise and Arbourlea residential communities in FY15.”
The Clyde North development is expected to commence in 2017, with first settlements anticipated in FY19.
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