Burbank Group’s National Pacific Properties (NPP) has successfully sold land to be developed into the new Clyde Town Centre.
The site is next to the future Clyde Train Station and adjoins NPP’s Eliston Project and nearby NPP’s projects Hartleigh and Bella.
The Clyde sale follows a major deal by NPP to purchase more than 28 hectares of land for 500 homes in the new Melbourne suburb of Pakenham East.
NPP General Manager Tom Trevaskis said NPP was focused on ramping up their real estate development business to take advantage of strong demand for land and affordable homes in the area.
“This successful deal reflects the strength of sales being experienced in the Clyde, Cranbourne, Berwick region,’’ he said.
Mr Trevaskis said the recent Pakenham East purchase was aligned with the NPP growth strategy to acquire new sites in greenfield locations in Melbourne.
“The Pakenham East purchase has replenished our land supply off the back of the success of Hartleigh which has only one lot of the 772 remaining,” Trevaskis said.
“Bella is more than 18 months ahead of schedule with the final release of 22 lots this weekend, and Eliston where we have sold all our traditional detached housing product and now moving into East Quarter.’’
