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.