The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
2 WEEKS UNTIL OUR UNMISSABLE FLAGSHIP CONFERENCE MORE THAN 550 ALREADY ATTENDING
2 WEEKS UNTIL OUR FLAGSHIP CONFERENCE 550+ ALREADY ATTENDING
REGISTER NOWDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
OtherStaff WriterSun 07 May 17

Rapidly Expanding Developer Acquires $40 Million Site In High Demand Hadfield

Hadfield-Shot_620x380

Melbourne-based developer ID_Land is rapidly expanding after adding a further $40million+ to its portfolio.

The developer acquired a 1.4 hectare site in Hadfield, near Pasco Vale, with a permit for 64 townhomes.

The acquisition was the third of its kind for the developer in the past 12 months, following its other recent medium density acquisitions in Pascoe Vale and Port Melbourne last year, where it will develop a combined 140 townhomes as ID_Land looks to further bolster its landholdings in the townhome market.

With a combined pipeline of over 4,000 residential product across both land and medium density housing worth over $1 billion once complete, ID_Land said medium density would remain a strong component of its portfolio for many years to come.

“Our medium density business model aims to seek out boutique infill sites that are close to existing infrastructure and transport, in established areas that have a thriving residential culture," ID_Land Joint Managing Director Matthew Belford said.

“This model perfectly complements our land model which targets sites that are located in strategic greenfields growth corridors where extensive amenity is planned.

“As the median metropolitan Melbourne house price edges towards $1 million, for many Victorians, luxury-appointed townhomes are a viable alternative that allow them the opportunity to remain in the suburbs where they grew up or where their children go to school, where traditional homes prices might be out of reach," Mr Belford said.

ID_Land Joint Managing Director Jeffrey Garvey Victoria’s economic outlook and population growth would help to keep the townhome trend bolstered for the foreseeable future.

"We are actively seeking to develop between 100 – 200 townhomes per annum in order to meet this demand," he said.

ID_Land's development $1 billion portfolio consists of the $300 million Elements master-planned community in Truganina, the $120 million Amber project in Wollert, and the $100 million, 550-lot Watermark project in Armstrong Creek in Geelong.

The acquisition came as ID_Land recently celebrated its first award at the Urban Development Institute of Australia’s Awards for Excellence, with its recently completed Brunswick development, ‘The Barkly’ that took out the award for best medium density development at both a state and national level.

ResidentialAustraliaConstructionFinancePlanningReal EstatePlanningDeal
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
The Port of Brisbane has released its Vision 2060 which details the need for inland rail connectivity
Infrastructure

Brisbane Port’s $15bn Future Faces One Big Obstacle

Renee McKeown
5 Min
Freecity Rouse Hill triple towers 2 Tempus Street
Exclusive

Freecity Takes Covers Off $330m Triple Towers in Sydney’s North-West

Leon Della Bosca
5 Min
Parallel Workshops Stockdale Housing PBSA project
Exclusive

Suburban Success Story Turns PBSA Thinking on its Head

Leon Della Bosca
7 Min
Exclusive

Interstate Developers Find Lots to Love in ‘Progressive, Affordable’ SA

Taryn Paris
5 Min
Bates Smart Richmond Sportslink HERO
Exclusive

BtR Focus Drives Bates Smart’s Richmond Sportslink Concept

Leon Della Bosca
6 Min
View All >
Industrial

Inland Rail: Site at Rural Hub Comes to Market in Victoria

Lindsay Saunders
Stockland's Triniti HERO
Build-to-Rent

Stockland $400m North Ryde BtR Approved on Appeal

Leon Della Bosca
Logan Wastewater Funding hero
Infrastructure

Flush of Funding to Deliver 20,000 New SEQ Homes

Phil Bartsch
Without the $135.98-million injection it is claimed the Logan City Council would have had to stop approving new housing …
LATEST
Industrial

Inland Rail: Site at Rural Hub Comes to Market in Victoria

Lindsay Saunders
2 Min
Stockland's Triniti HERO
Build-to-Rent

Stockland $400m North Ryde BtR Approved on Appeal

Leon Della Bosca
3 Min
Logan Wastewater Funding hero
Infrastructure

Flush of Funding to Deliver 20,000 New SEQ Homes

Phil Bartsch
3 Min
Residential

Home Affordability Gap Widens Across Asia-Pacific

Lindsay Saunders
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/rapidly-expanding-developer-acquires-40-million-site-high-demand-hadfield