Landcom sells sites to Urban Property Group
Landcom has successfully concluded the sale of development sites at Thornton in Penrith, and a portion of Precinct 9 at Edmondson Park to Urban Property Group in a deal facilitated by Colliers international.
The sale of Thornton covers three lots totalling 8,280m² and will see around 240 new dwellings built with large retail and commercial spaces.
The sale of Precinct 9 at Edmondson Park covers five sites totalling 51,634 m². The site will see a mix of both Townhouses and apartments and will result in around 605 new dwellings built.
Landcom CEO John Brogden said these sales demonstrate the strength of the market, with buyers keen to snap up development sites off the back of ongoing demand for residential property.
Last updated: 14 July 2023