The site is expected to accommodate up to approximately 1,400 residential lots, together with approximately 64 mixed business and industrial lots upon completion.
A wholly-owned subsidiary of Mainboard-listed real estate company Ho Bee Land is acquiring a 181.36ha development site in Queensland, Australia for a total consideration of A$318.5 million ($279.73 million).
According to a Jan 26 bourse filing, the site is located within the City of Moreton Bay, a local government area in the north of Greater Brisbane in Southeast Queensland. It is positioned within a “key growth corridor” with direct access to the Bruce Highway and proximity to established employment, residential and logistics precincts.
