The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
25 DAYS UNTIL OUR UNMISSABLE FLAGSHIP CONFERENCE 29-31 JULY, GOLD COAST
25 DAYS UNTIL OUR FLAGSHIP CONFERENCE 29-31 JULY, GOLD COAST
SECURE YOUR SPOTDETAILS
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
Ted TabetFri 18 Mar 22

Stockland Beefs up Melbourne Landbank for Halcyon Estate

Stockland Beefs up Melbourne Landbank for Halcyon Estate

Stockland is planning to expand its land lease portfolio after acquiring a substantial greenfield site in Melbourne’s outer suburbs for $47.5 million.

The country’s largest residential developer has restocked its Victorian land bank after picking up a 13ha site at Thompsons Road in Clyde North, 55km south-east of the Melbourne CBD and part of the local Precinct Structure Plan identified for retirement living use.

Stockland is now planning to deliver a 280-home land-lease community, clubhouse and recreational facility within the masterplanned St Germain Estate and next to the future St Germain Town Centre.

The masterplanned development will be built under the Halcyon banner, a Queensland lifestyle villages group it absorbed in a deal worth $620 million midway through last year.

Based on the US land lease model, Halcyon operates a manufactured housing estate business model—buying large plots of land and building houses, which are exclusively sold to people aged over 50.

The model allows customers to purchase their new home outright with no entry or exit fees and pay a site rental fee which covers council rates and includes access to modern community facilities.

The Halcyon business has continued to run separately to Stockland’s retirement holdings and broader land bank.

Stockland communities general manager Kingsley Andrew said the strategic acquisition would take the developer’s portfolio to approximately 9000 land lease community homes across Australia.

“The Clyde North market is experiencing growing buyer demand with solid pricing expectations,” Andrew said.

“The established St Germain Estate provides a perfect opportunity for a Stockland Halcyon community in this growth corridor with access to Melbourne.”

Stockland’s Halcyon brand has two land lease community projects close to the North Clyde development, including Stockland Halcyon Minta in Berwick which is currently under development, and Stockland Halcyon Evergreen in Clyde, which is in planning.

The deal comes amid extremely buoyant conditions in the greenfield land market following sky-high land sales during the past 12 months.

The Victorian land market has undergone a period of boom-and-bust in the years preceding the pandemic, with price rises fuelled by speculators and falls driven by defaults.

According to the latest UDIA report, Melbourne drove the unprecedented level of activity in greenfield land markets in 2021, recording a 125 per cent increase in lot sales to 33,700—44 per cent of the total national market.

AUTHOR
Ted Tabet
The Urban Developer - Journalist
More articles by this author
website iconlinkedin icon
ADVERTISEMENT
TOP STORIES
Exclusive

Carparking Correlation: How Parking Fees Provide Office Sector Health Check

Taryn Paris
6 Min
Molti chief Ben Teague out front of 32 Mercer Road Aramadale (rendering)
Exclusive

Buy to the Sound of Cannons: Molti’s Counter-Cyclical Move to Melbourne

Leon Della Bosca
5 Min
Exclusive

Tapping the Bunnings ‘Halo Effect’

Taryn Paris
5 Min
Exclusive

‘Construction Not a Scale Game’: Hutchinson

Phil Bartsch
9 Min
Nation's build-to-rent project Charlie Parker in Sydney's Parramatta where more projects are being located and built outside the CBD.
Exclusive

Foreign Capital Still Dominates BtR but Things are Changing

Marisa Wikramanayake
7 Min
View All >
Exclusive

Carparking Correlation: How Parking Fees Provide Office Sector Health Check

Taryn Paris
the four concept towers approved for sydney metro's parramatta precinct
Development

Rush of Approvals Sends Parramatta Skywards

Renee McKeown
ESR building ESR completes delisting
Industrial

ESR Reveals New Team After Hong Kong Delisting

Leon Della Bosca
Going private means plans to focus on logistics and data centres across the Asia-Pacific region can accelerate, ESR says…
LATEST
Exclusive

Carparking Correlation: How Parking Fees Provide Office Sector Health Check

Taryn Paris
6 Min
the four concept towers approved for sydney metro's parramatta precinct
Development

Rush of Approvals Sends Parramatta Skywards

Renee McKeown
2 Min
ESR building ESR completes delisting
Industrial

ESR Reveals New Team After Hong Kong Delisting

Leon Della Bosca
3 Min
The construction site which will one day become Newcastle Tallest Tower by Urban Property Group
Residential

Urban Property Group Reveals Newcastle Tallest Tower Plan

Renee McKeown
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/stockland-thompsons-Road-clyde-north-melbourne