The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Interested in a Corporate TUD+ Membership? Access premium content, site tours, event discounts and networking opportunities
Interested in a Corporate Membership? Access exclusive member benefits today
Enquire NowEnquire
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Partner Lab
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
ResidentialStaff WriterMon 17 Apr 17

Wolfdene Expands Portfolio With 35 Hectare Site Acquisition

unnamed_620x380-16

Residential developer Wolfdene expanded its land bank with the off-market acquisition of a Precinct Structure Plan approved, 35-hectare development site in the heart of Melbourne’s south-eastern growth corridor.

Directly adjacent to the $35 million Casey Fields sports precinct in Clyde, the $190 million project will supply 600 homes for 1,600 residents through a combination of conventional land lots and medium density dwellings and is scheduled to hit the market in May.

The deal comes just months after the Melbourne based property firm finalised one of the biggest transactions in Victorian green-field property history with its sale of 104 hectares in Point Cook South, located in Melbourne’s West.

“The Clyde development is the second joint venture Wolfdene has undertaken with investor partner Blueways Group, following the success of the $120 million ‘EAST’ project in Cranbourne East,” Wolfdene Managing Director Michael Goldthorp said.

The Cranbourne East development, an off market acquisition secured in late 2015 set record land sale prices for the suburb with yields nearing $800 per m2 for standard lots.

Wolfdene currently has a pipeline of over 5,000 dwellings either under construction or in planning.

“Based on our current portfolio alone, in the coming years some 14,000 Melbournians will live in a Wolfdene development, so we are very conscious about maintaining our commitment to quality urban design and architectural built form that provides for a great community,” Mr Goldthorp said.

“In addition to expanding our land holdings, our business has grown rapidly in the past 5 to 7 years as we have continued to build our in-house capabilities to include acquisitions, development management and sales and marketing services.

“Initially created to provide an affordable housing alternative, give us more control over the streetscapes and increase underlying revenue for our projects, our design and construct division is on track for 200 site starts this year,” he said.

Wolfdene’s townhouse product was recognised by the Urban Development Institute of Australia winning back-to-back awards for its Cranbourne West and Saratoga Point Cook medium density developments in 2015 and 2016.

ResidentialAustraliaConstructionFinancePlanningReal EstatePlanningSector
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
Exclusive

Brains, Guts and Determination: How Salvo Property Shapes Melbourne’s Skyline

Marisa Wikramanayake
5 Min
Fraser and Partners founder Callum Fraser
Exclusive

Saving Our CBDs: Architect’s Blueprint Paves Way for Office-to-Resi that Works

Leon Della Bosca
8 Min
Exclusive

Watchdog’s Court Loss Throws Spotlight on Union Balancing Act

Clare Burnett
6 Min
Time and Place's The Queensbridge Building at 90 Queens Bridge Street in Melbourne's Southbank.
Exclusive

Innovation Keeps Time & Place’s Southbank Skyscraper Rising

Marisa Wikramanayake
6 Min
Breathe Architecture founder Jeremy McLeod in front of his Featherweight Home design
Exclusive

Nightingale Founder’s Bid for Affordable Architectural Kit Homes

Leon Della Bosca
7 Min
View All >
Exclusive

Brains, Guts and Determination: How Salvo Property Shapes Melbourne’s Skyline

Marisa Wikramanayake
Novus on Victoria Chatswood
Build-to-Rent

Novus Plots Second BtR Tower for Chatswood

Renee McKeown
PBSA DA Hindmarsh Square student accomodation tower
Student Housing

Student-Friendly Adelaide Draws 35-Storey PBSA Proposal

Renee McKeown
The lowest charges for student digs in the country have helped lure the 488-bed proposal to the city’s East End...
LATEST
Exclusive

Brains, Guts and Determination: How Salvo Property Shapes Melbourne’s Skyline

Marisa Wikramanayake
5 Min
Novus on Victoria Chatswood
Build-to-Rent

Novus Plots Second BtR Tower for Chatswood

Renee McKeown
2 Min
PBSA DA Hindmarsh Square student accomodation tower
Student Housing

Student-Friendly Adelaide Draws 35-Storey PBSA Proposal

Renee McKeown
3 Min
Westmead Gene Technologies Building EDM
Life Sciences

Plans for $272m Parramatta Biomedical Facility Go Public

Clare Burnett
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/wolfdene-expands-portfolio-35-hectare-site-acquisition