Frasers Property acquires major land parcel in Melbourne for $440m

It will be home to over 3,300 people.

In one of the largest site acquisitions in Melbourne in recent years, Frasers Property Australia has secured a major land parcel in Wyndham Vale for a $440m mixed-used community that will deliver around 1,200 residential lots and associated amenity, including over 20,000 sqm of retail facilities focused on local needs.

The 115 hectare site at 974 Black Forest Road, Wyndham Vale, in Melbourne’s West, is adjacent to a proposed train station, enabling Frasers Property to integrate the mixed-use community with transport infrastructure to provide convenience and connectivity.

Anthony Boyd, Executive General Manager Residential for Frasers Property Australia, says the acquisition underpins Frasers Property’s commitment to new development in Melbourne.

“This strategic acquisition is ideally located in one of the highest volume residential trading corridors not only in Victoria but Australia. Future infrastructure improvements and a focus on generating new employment in the region support the extremely strong fundamentals for the Wyndham Vale site and we’re looking forward to getting underway,” Mr Boyd says.

The property will house more than 3,300 people over the next eight years.