THE GROVE
MELBOURNE, AUSTRALIA
PROPERTY TYPE
Residential Housing Estate
AREA
140 Hectares
NO. OF HOUSING LOTS
1,770
ESTIMATED YEAR OF COMPLETION
2025
Phoenix saw the investment opportunity in land sub-division estate within one of the fastest growing municipalities in Melbourne.
The Grove is a joint venture acquisition of an existing master-planned housing estate located south-west of the Melbourne CBD.
The property is located within Australia’s fastest growing municipality and is well located within a short car drive to existing and upcoming public transport infrastructure and retail amenity.
The estate is comprised of 140 hectares of developable land, split into 4 land parcels with a total yield of approximately 1,770 housing lots split into 37 separate stages. The estate also comprises of 2 school sites, 2 medium density townhouse sites, and 2 town centre sites.