trending Market Intelligence /marketintelligence/en/news-insights/trending/hhfnmonjgjtmzwwwco0yig2 content esgSubNav
In This List

Australian real estate company buys 100-hectare Melbourne site using bank loan

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Australian real estate company buys 100-hectare Melbourne site using bank loan

Diversified property company Wolfdene Pty. Ltd. acquired a 100-hectare residential site in the Melbourne locality of Cranbourne South using funds obtained from a global syndicate of banks led by Japan's Nomura, The Australian Financial Review reported.

The loan, details of which have been kept under wraps, was organized by Deloitte Real Estate Transactions. AFR, citing industry sources, noted March 4 that the estimated cost of the Brompton project acquisition was "north of A$100 million."

Brompton could be redeveloped into a A$610 million project that will accommodate 1,400 homes, according to the paper. Prior to Wolfdene's acquisition, it is believed the development also caught the attention of Chinese developer Country Garden Holdings Co. Ltd., the paper added.